Cheetah Mobile Posts Record Q3 Profit of 3.511 Billion TWD, Up 25.7% Year-over-Year

According to Economic Daily, Cheetah Mobile (3293) announced November 9 that Q3 after-tax profit reached 3.511 billion TWD, up 7.5% quarter-over-quarter and 25.7% year-over-year, marking a record high. Earnings per share stood at 12.46 TWD. Q3 revenue totaled 6.746 billion TWD, up 5.2% sequentially and 25.3% annually. Year-to-date through Q3, the company reported revenue of 19.424 billion TWD (up 18.8% year-over-year) and after-tax profit of 9.929 billion TWD (up 26.3%). Chairman Li Kechu noted that U.S. operations expanded to 14% of revenue from 11% in March, with potential to become a primary growth driver.
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