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Cheetah Mobile Announces Second Quarter 2026 Unaudited Consolidated Financial Results

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Services of cloud and AI infrastructure revenue increased 83.1% year over year and 26.2% quarter over quarter, accounting for 72.8% of Global Enterprise Services revenue and 22.2% of total revenues and making a positive contribution to the adjusted operating results of Global Enterprise Services.Robotics and others revenue increased 72.5% year over year and 6.4% quarter over quarter, accounting for 20.5% of total revenues.

BEIJING, Sept. 10, 2026 /PRNewswire/ — Cheetah Mobile Inc. (“Cheetah Mobile” or the “Company”) (NYSE: CMCM), a China-based IT company with a commitment to AI innovation, today announced its unaudited consolidated financial results for the quarter ended June 30, 2026.

Financial Highlights

Total revenues were RMB266.1 million (US$39.2 million) in the second quarter of 2026, representing a decrease of 9.9% year over year and an increase of 2.7% quarter over quarter.Advertising agency services revenue, which is included in the Global Enterprise Services segment, decreased 70.0% year over year and 15.0% quarter over quarter to RMB22.0 million, primarily due to changes in rebate policies implemented by a major global advertising platform. Its contribution to total revenues declined to 8.3% from 24.9% in the same period last year. Revenues excluding advertising agency services were RMB244.1 million, increasing approximately 10.1% year over year and 4.7% quarter over quarter. The decline in advertising agency services revenue was a significant factor in the year-over-year increase in the Company’s operating loss in the second quarter of 2026. In the Global Enterprise Services segment, revenues from services of cloud and AI infrastructure increased 83.1% year over year and 26.2% quarter over quarter to RMB59.1 million, accounting for 72.8% of Global Enterprise Services revenue and 22.2% of total revenues, compared with approximately 10.9% of total revenues in the same period last year. The increase was driven by growing demand from enterprises expanding overseas for cloud resources, computing power and AI model services.Robotics and others revenue increased 72.5% year over year and 6.4% quarter over quarter to RMB54.5 million, accounting for 20.5% of total revenues, driven by an increase in sales volume of our robotic products. The year-over-year increase benefited from the contribution of UFACTORY, a provider of lightweight robotic arms acquired by the Company on July 29, 2025.Internet value-added services revenue, which is included in the Internet Services segment, increased 6.7% year over year and 2.9% quarter over quarter to RMB101.2 million, accounting for 77.6% of segment revenue, and 38.0% of total revenues, due to increase in user base and distribution channels.

Balance Sheet

As of June 30, 2026, the Company had RMB1,271.0 million (US$187.3 million) in cash and cash equivalents.

Management Commentary

Fu Sheng, Chief Executive Officer of Cheetah Mobile, commented: “During the second quarter, we continued to evolve our business mix, with revenue from services of cloud and AI infrastructure within Global Enterprise Services growing 83.1% year over year, driven by demand from enterprises expanding overseas for cloud and AI infrastructure services, accounting for 22.2% total revenues in the quarter. Gross billings[1] from services of cloud and AI infrastructure exceeded RMB500 million during the quarter, compared with about RMB200 million in the same period last year and about RMB300 million in the previous quarter, reflecting the rapid expansion of customer demand and business scale. Robotics and others revenue increased 72.5% year over year and accounted for 20.5% of total revenues in the quarter, with new initiatives such as smart mobility beginning to contribute revenue. The growth of these AI-related businesses underscores the progress of our AI-driven transformation.

Internet Services remained a stable foundation for our business. Internet value-added services revenue increased both year over year and sequentially and represented 77.6% of segment revenue. While advertising agency services revenue within Global Enterprise Services remained under pressure, growth in services of cloud and AI infrastructure and Robotics and others supported the Company’s return to sequential revenue growth while strengthening our foundation for future growth.”

[1] Gross billings from services of cloud and AI infrastructure is an operating metric representing the aggregate monetary value of customers’ consumption of public cloud resources and AI model tokens provided or arranged by the Company during the relevant period.

Thomas Ren, Chief Financial Officer of Cheetah Mobile, commented: “Second-quarter revenue increased 2.7% sequentially. Operating loss was RMB33.6 million, compared with RMB28.3 million in the previous quarter, while non-GAAP operating loss remained relatively stable at RMB25.6 million, compared with RMB22.5 million in the previous quarter.

The sequential movement in non-GAAP operating loss reflected higher adjusted operating profit in Internet Services, offset by lower adjusted operating profit in Global Enterprise Services resulting from lower advertising agency services revenue, as well as a wider adjusted operating loss in Robotics and others. Adjusted operating profit from Internet Services increased 14.2% year over year and 67.2% sequentially, with adjusted operating margin improving to 19.4%. Services of cloud and AI infrastructure continued to scale rapidly. However, the growth of cloud and AI infrastructure services partially offset the negative impact of lower advertising agency services revenue on the segment’s adjusted operating profit. We ended the quarter with US$187.3 million in cash and cash equivalents, providing us with the flexibility to invest prudently in our AI and robotics businesses.”

Second Quarter 2026 Financial Results

Total revenues decreased 9.9% year over year and increased 2.7% quarter over quarter to RMB266.1 million (US$39.2 million).

Internet Services revenue decreased 17.3% year over year and 3.4% quarter over quarter to RMB130.5 million (US$19.2 million).Within the segment, internet value-added services revenue increased 6.7% year over year and 2.9% quarter over quarter to RMB101.2 million, accounting for 77.6% of segment revenue.Online advertising revenue decreased 53.5% year over year and 20.2% quarter over quarter to RMB29.3 million, accounting for 22.4% of segment revenue.Global Enterprise Services revenue decreased 23.3% year over year and increased 11.5% quarter over quarter to RMB81.1 million (US$12.0 million).Services of cloud and AI infrastructure revenue, which is included in this segment, increased 83.1% year over year and 26.2% quarter over quarter to RMB59.1 million, accounting for 72.8% of segment revenue.Advertising agency services revenue decreased 70.0% year over year and 15.0% quarter over quarter to RMB22.0 million, accounting for 27.2% of segment revenue.Robotics and others revenue increased 72.5% year over year and 6.4% quarter over quarter to RMB54.5 million (US$8.0 million).

Operating loss was RMB33.6 million (US$5.0 million), compared with RMB11.1 million in the same period last year and RMB28.3 million in the first quarter of 2026.

Non-GAAP operating loss was RMB25.6 million (US$3.8 million), compared with RMB2.1 million in the same period last year and RMB22.5 million in the first quarter of 2026. The year-over-year increase primarily reflected lower advertising agency services revenue within the Global Enterprise Services segment.

Adjusted operating profit from Internet Services was RMB25.4 million, increasing by 14.2% year over year and 67.2% quarter over quarter. Adjusted operating margin for the segment expanded to 19.4%, compared with 14.1% in the same period last year and 11.3% in the first quarter of 2026.

Adjusted operating profit from Global Enterprise Services was RMB9.3 million, decreasing by 80.7% year over year and 32.0% quarter over quarter, primarily reflecting lower advertising agency services revenue. The continued strong growth of services of cloud and AI infrastructure provided a positive contribution to the segment’s adjusted operating results.

Adjusted operating loss from Robotics and others was RMB34.0 million, narrowing by 35.5% from RMB52.7 million in the same period last year, but widening from RMB26.9 million in the first quarter of 2026, as the Company continued to invest in the development and commercialization of its robotics businesses.

Conference Call Information

Cheetah Mobile’s management will hold an earnings conference call at 11:30 AM on Friday, September 11, 2026, Beijing Time (11:30 PM on Thursday, September 10, 2026, U.S. Eastern Time).

Main Conference:
Tencent Meeting ID: 175-882-665

Meeting Link: https://cmcm.meeting.tencent.com/dm/3QuXIZPgSezq 

Dial-in Numbers:
United States: +1 4153389272
Mainland China: +86 (0)755 36550000
Hong Kong: +852 30088359

English Interpretation:
Tencent Meeting ID: 845-329-676

Meeting Link: https://cmcm.meeting.tencent.com/dm/t07drnN5B7fM 

Dial-in Numbers:
United States: +1 4153389272
Mainland China: +86 (0)755 36550000
Hong Kong Toll Free: +852 30088359

Exchange Rate

Unless otherwise noted, all translations from Renminbi to U.S. dollars were made at a rate of RMB6.7851 to US$1.00, the exchange rate in effect as of June 30, 2026, as set forth in the H.10 statistical release of the Federal Reserve Board. Such translations should not be construed as representations that RMB amounts could be converted into U.S. dollars at that rate or any other rate.

About Cheetah Mobile Inc.

Cheetah Mobile is a China-based IT company with a commitment to AI innovation. It has developed and launched a diversified suite of software products for PCs and mobile devices, designed to address users’ needs in document processing, system optimization, image editing and web browsing, AI agent products, among others. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, services of cloud and AI infrastructure to companies globally, as well as robotic products to international clients. At the same time, it actively engages in research and development of advanced technologies to empower its products and services. Cheetah Mobile has been listed on the New York Stock Exchange since May 2014.

Safe Harbor Statement

This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Such statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including the Company’s growth strategies, ability to retain and increase its user base, expand its offerings, monetize its platform, and future business development, financial condition and results of operations; competition; expected changes in revenues and expenses; and general economic and business conditions globally and in China. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required by law.

Use of Non-GAAP Financial Measures

This release contains non-GAAP financial measures, including but not limited to:

Non-GAAP cost of revenues excludes share-based compensation expenses;Non-GAAP gross profit excludes share-based compensation expenses;Non-GAAP gross margin excludes share-based compensation expenses;Total non-GAAP operating expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;Non-GAAP research and development expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;Non-GAAP selling and marketing expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;Non-GAAP general and administrative expenses exclude share-based compensation expenses;Non-GAAP operating profit/loss excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;Non-GAAP net income/loss attributable to Cheetah Mobile shareholders excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;Non-GAAP diluted earnings/losses per ADS excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions.

The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, which have been and will continue to be significant recurring expenses in its business, as well as impairment of goodwill and intangible assets resulting from business acquisitions. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company’s net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned “Cheetah Mobile Inc. Reconciliation of GAAP and non-GAAP Results”.

Investor Relations Contact

Helen Jing Zhu
Cheetah Mobile Inc.
Tel: +86 13811591550
Email: ir@cmcm.com

 

CHEETAH MOBILE INC.

Condensed Consolidated Balance Sheets

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))

As of

December 31, 2025

June 30, 2026

RMB

RMB

USD

ASSETS

Current assets:

Cash and cash equivalents

1,506,625

1,270,969

187,318

Short-term investments

9,527

445

66

Accounts receivable, net

468,058

689,708

101,650

Prepayments and other current assets, net

1,154,774

1,170,431

172,498

Due from related parties, net

94,821

134,754

19,860

Total current assets

3,233,805

3,266,307

481,392

Non-current assets:

Property and equipment, net

40,238

40,730

6,003

Operating lease right-of-use assets

16,833

17,828

2,628

Intangible assets, net

54,069

48,191

7,102

Goodwill

460,034

460,034

67,801

Long-term investments

688,459

600,054

88,437

Deferred tax assets

112,913

117,674

17,343

Other non-current assets

77,521

89,403

13,176

Total non-current assets

1,450,067

1,373,914

202,490

Total assets

4,683,872

4,640,221

683,882

LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY

Current liabilities:

Bank Loans

–

2,900

427

Accounts payable

211,689

413,198

60,898

Accrued expenses and other current liabilities

2,264,659

2,163,995

318,933

Due to related parties

18,613

25,199

3,714

Income tax payable

54,430

56,356

8,306

Total current liabilities

2,549,391

2,661,648

392,278

Non-current liabilities:

Deferred tax liabilities

21,711

20,555

3,029

Other non-current liabilities

154,422

155,175

22,870

Total non-current liabilities

176,133

175,730

25,899

Total liabilities

2,725,524

2,837,378

418,177

Mezzanine equity:

Redeemable noncontrolling interests

197,560

200,903

29,609

Shareholders’ equity:

Ordinary shares

254

257

38

Additional paid-in capital

2,736,117

2,739,942

403,817

Accumulated deficit

(1,490,947)

(1,603,338)

(236,303)

Accumulated other comprehensive income

362,245

297,692

43,874

Total Cheetah Mobile Inc. shareholders’ equity

1,607,669

1,434,553

211,426

Noncontrolling interests

153,119

167,387

24,670

Total shareholders’ equity

1,760,788

1,601,940

236,096

Total liabilities, mezzanine equity and shareholders’ equity

4,683,872

4,640,221

683,882

 

CHEETAH MOBILE INC.

Condensed Consolidated Statements of Comprehensive Loss

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for number of shares and per share(or ADS) data)

For The Three Months Ended

For The Six Months Ended

June 30, 2025

June 30, 2026

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2026

RMB

RMB

USD

RMB

RMB

USD

Revenues

295,218

266,115

39,220

554,224

525,108

77,391

 Internet Services

157,837

130,474

19,229

316,978

265,479

39,127

 Global Enterprise Services

105,788

81,134

11,958

187,085

153,884

22,680

 Robotics and others

31,593

54,507

8,033

50,161

105,745

15,584

Cost of revenues (a)

(70,426)

(97,490)

(14,368)

(139,931)

(189,921)

(27,991)

Gross profit

224,792

168,625

24,852

414,293

335,187

49,400

Operating income and expenses:

Research and development (a)

(67,083)

(58,764)

(8,661)

(128,327)

(116,486)

(17,168)

Selling and marketing (a)

(102,434)

(74,654)

(11,003)

(207,272)

(146,368)

(21,572)

General and administrative (a)

(66,627)

(68,735)

(10,130)

(119,251)

(134,871)

(19,878)

Other operating income/(expense)

289

(67)

(10)

2,959

655

97

Total operating income and expenses

(235,855)

(202,220)

(29,804)

(451,891)

(397,070)

(58,521)

Operating loss

(11,063)

(33,595)

(4,952)

(37,598)

(61,883)

(9,121)

Other income/(expenses):

Interest income, net

9,980

3,201

472

15,585

6,623

976

Foreign exchange gains

6,349

20,764

3,060

7,999

40,016

5,898

Other expense, net

(17,844)

(68,707)

(10,126)

(21,853)

(67,386)

(9,931)

Loss before income taxes

(12,578)

(78,337)

(11,546)

(35,867)

(82,630)

(12,178)

Income tax expenses

(3,865)

(8,199)

(1,208)

(8,685)

(15,822)

(2,332)

Net loss

(16,443)

(86,536)

(12,754)

(44,552)

(98,452)

(14,510)

Less: net income attributable to noncontrolling
interests

6,200

8,375

1,234

11,448

13,939

2,054

Net loss attributable to Cheetah Mobile
shareholders

(22,643)

(94,911)

(13,988)

(56,000)

(112,391)

(16,564)

Net loss per share

Basic

(0.0162)

(0.0619)

(0.0091)

(0.0397)

(0.0745)

(0.0110)

Diluted

(0.0163)

(0.0620)

(0.0091)

(0.0398)

(0.0747)

(0.0110)

Net loss per ADS

Basic

(0.8116)

(3.0927)

(0.4550)

(1.9861)

(3.7245)

(0.5500)

Diluted

(0.8152)

(3.1003)

(0.4550)

(1.9923)

(3.7337)

(0.5500)

Weighted average number of shares
outstanding

Basic

1,518,381,903

1,553,878,937

1,553,878,937

1,517,084,516

1,552,927,613

1,552,927,613

Diluted

1,518,381,903

1,553,878,937

1,553,878,937

1,517,084,516

1,552,927,613

1,552,927,613

Weighted average number of ADSs
outstanding

Basic

30,367,638

31,077,579

31,077,579

30,341,690

31,058,552

31,058,552

Diluted

30,367,638

31,077,579

31,077,579

30,341,690

31,058,552

31,058,552

Other comprehensive loss , net of tax of nil

Foreign currency translation adjustments

(7,643)

(31,282)

(4,610)

(7,915)

(62,442)

(9,203)

Unrealized gains/(loss) on available-for-sale
securities, net

188

(4,348)

(641)

2,848

(3,763)

(555)

Other comprehensive loss

(7,455)

(35,630)

(5,251)

(5,067)

(66,205)

(9,758)

Total comprehensive loss

(23,898)

(122,166)

(18,005)

(49,619)

(164,657)

(24,268)

Less: Total comprehensive income
attributable to
noncontrolling interests

7,113

7,556

1,114

13,775

12,287

1,811

Total comprehensive loss attributable
to Cheetah Mobile shareholders

(31,011)

(129,722)

(19,119)

(63,394)

(176,944)

(26,079)

 

 

For The Three Months Ended

For The Six Months Ended

June 30, 2025

June 30, 2026

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2026

(a) Share-based compensation expenses

RMB

RMB

USD

RMB

RMB

USD

Cost of revenues

5

–

–

10

–

–

Research and development

62

1,197

176

358

2,129

314

Selling and marketing

229

521

77

300

1,026

151

General and administrative

2,065

3,953

583

7,277

5,997

884

Total

2,361

5,671

836

7,945

9,152

1,349

 

 

CHEETAH MOBILE INC.

Reconciliation of GAAP and Non-GAAP Results

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for per share data )

For The Three Months Ended June 30, 2026

For The Six Months Ended June 30, 2026

GAAP

Share-based

Amortization of

Non-GAAP

GAAP

Share-based

Amortization of

Non-GAAP

Result

Compensation

intangible assets*

Result

Result

Compensation

intangible assets*

Result

RMB

RMB

RMB

RMB

USD

RMB

RMB

RMB

RMB

USD

Revenues

266,115

–

–

266,115

39,220

525,108

–

–

525,108

77,391

Cost of revenues

(97,490)

–

–

(97,490)

(14,368)

(189,921)

–

–

(189,921)

(27,991)

Gross profit

168,625

–

–

168,625

24,852

335,187

–

–

335,187

49,400

Research and development

(58,764)

1,197

232

(57,335)

(8,451)

(116,486)

2,129

463

(113,894)

(16,786)

Selling and marketing

(74,654)

521

2,071

(72,062)

(10,621)

(146,368)

1,026

4,141

(141,201)

(20,811)

General and administrative

(68,735)

3,953

–

(64,782)

(9,547)

(134,871)

5,997

–

(128,874)

(18,994)

Other operating (expense)/income, net

(67)

–

–

(67)

(10)

655

–

–

655

97

Total operating income and expenses

(202,220)

5,671

2,303

(194,246)

(28,629)

(397,070)

9,152

4,604

(383,314)

(56,494)

Operating loss

(33,595)

5,671

2,303

(25,621)

(3,777)

(61,883)

9,152

4,604

(48,127)

(7,094)

Net loss attributable to Cheetah Mobile
shareholders

(94,911)

5,671

2,303

(86,937)

(12,813)

(112,391)

9,152

4,604

(98,635)

(14,537)

Diluted losses per ordinary share (RMB)

(0.0620)

0.0036

0.0015

(0.0569)

(0.0747)

0.0059

0.0030

(0.0658)

Diluted losses per ADS (RMB)

(3.1003)

0.1800

0.0753

(2.8450)

(3.7337)

0.2950

0.1487

(3.2900)

Diluted losses per ADS (USD)

(0.4550)

0.0265

0.0111

(0.4193)

(0.5500)

0.0435

0.0219

(0.4849)

 

 

For The Three Months Ended June 30, 2025

For The Six Months Ended June 30, 2025

GAAP

Share-based

Amortization of

Non-GAAP

GAAP

Share-based

Amortization of

Non-GAAP

Result

Compensation

intangible assets*

Result

Result

Compensation

intangible assets*

Result

RMB

RMB

RMB

RMB

RMB

RMB

RMB

RMB

Revenues

295,218

–

–

295,218

554,224

–

–

554,224

Cost of revenues

(70,426)

5

–

(70,421)

(139,931)

10

–

(139,921)

Gross profit

224,792

5

–

224,797

414,293

10

–

414,303

Research and development

(67,083)

62

6,156

(60,865)

(128,327)

358

12,312

(115,657)

Selling and marketing

(102,434)

229

469

(101,736)

(207,272)

300

938

(206,034)

General and administrative

(66,627)

2,065

–

(64,562)

(119,251)

7,277

–

(111,974)

Other operating income, net

289

–

–

289

2,959

–

–

2,959

Total operating income and expenses

(235,855)

2,356

6,625

(226,874)

(451,891)

7,935

13,250

(430,706)

Operating loss

(11,063)

2,361

6,625

(2,077)

(37,598)

7,945

13,250

(16,403)

Net loss attributable to Cheetah Mobile
shareholders

(22,643)

2,361

6,625

(13,657)

(56,000)

7,945

13,250

(34,805)

Diluted losses per ordinary share (RMB)

(0.0163)

0.0016

0.0043

(0.0104)

(0.0398)

0.0052

0.0086

(0.0260)

Diluted losses per ADS (RMB)

(0.8152)

0.0800

0.2152

(0.5200)

(1.9923)

0.2600

0.4323

(1.3000)

* This represents amortization of intangible assets resulting from business acquisitions.

 

CHEETAH MOBILE INC.

Information about Segment

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for percentage)

For The Three Months Ended June 30, 2026

For The Six Months Ended June 30, 2026

Internet Services

Global Enterprise Services

Robotics and others

Consolidated

Internet Services

Global Enterprise Services

Robotics and others

Consolidated

RMB

RMB

RMB

RMB

USD

RMB

RMB

RMB

RMB

USD

Revenues from external customers

130,474

81,134

54,507

266,115

39,220

265,479

153,884

105,745

525,108

77,391

Inter-segment revenues

347

13,324

–

13,671

2,015

347

24,454

–

24,801

3,655

Segment revenue

130,821

94,458

54,507

279,786

41,235

265,826

178,338

105,745

549,909

81,046

Elimination of inter-segment revenue

(13,671)

(2,015)

(24,801)

(3,655)

Consolidated Revenues

266,115

39,220

525,108

77,391

Operating Costs and expenses

Cost of revenues(i)

31,081

40,373

36,616

60,238

84,313

63,074

Selling and marketing(i)

33,373

17,727

19,038

73,022

26,907

38,785

Research and development(i)

29,325

1,050

28,640

58,317

1,428

55,782

Other segment items(i)

11,641

25,959

4,174

33,652

42,588

8,935

Adjusted operating income/(losses)

25,401

9,349

(33,961)

789

116

40,597

23,102

(60,831)

2,868

423

Unallocated amounts-share based compensations

5,671

836

9,152

1,349

Unallocated amounts-corporate expense

28,713

4,232

55,599

8,195

Operating loss

(33,595)

(4,952)

(61,883)

(9,121)

Reconciliation of segment profit/(loss)

Interest income, net

3,201

472

6,623

976

Foreign exchange gains, net

20,764

3,060

40,016

5,898

Other expense, net

(68,707)

(10,126)

(67,386)

(9,931)

Loss before income taxes

(78,337)

(11,546)

(82,630)

(12,178)

 

 

For The Three Months Ended June 30, 2025

For The Six Months Ended June 30, 2025

Internet Services

Global Enterprise Services

Robotics and others

Consolidated

Internet Services

Global Enterprise Services

Robotics and others

Consolidated

RMB

RMB

RMB

RMB

RMB

RMB

RMB

RMB

Revenues from external
customers

157,837

105,788

31,593

295,218

316,978

187,085

50,161

554,224

Inter-segment revenues

–

8,982

–

8,982

–

17,503

–

17,503

Segment revenue

157,837

114,770

31,593

304,200

316,978

204,588

50,161

571,727

Elimination of inter-segment
revenue

(8,982)

(17,503)

Consolidated Revenues

295,218

554,224

Operating Costs and
expenses

Cost of revenues(i)

26,315

29,119

22,046

49,307

57,436

46,532

Selling and marketing(i)

62,119

19,501

17,843

129,615

34,283

37,874

Research and development(i)

33,409

1,911

31,752

66,252

3,170

58,131

Other segment items(i)

13,744

15,841

12,626

24,947

19,238

22,971

Adjusted operating income/(losses)

22,250

48,398

(52,674)

17,974

46,857

90,461

(115,347)

21,971

Unallocated amounts-share
based compensations

2,361

7,945

Unallocated amounts-
corporate expense

26,676

51,624

Operating loss

(11,063)

(37,598)

Reconciliation of segment
profit/(loss)

Interest income, net

9,980

15,585

Foreign exchange gains, net

6,349

7,999

Other expense, net

(17,844)

(21,853)

Loss before income taxes

(12,578)

(35,867)

(i) Share-based compensations and certain corporate expenses were not allocated to segments. Other segment items include general and administrative expenses and other operating expenses allocated to the respective segments.

 

CHEETAH MOBILE INC.

Reconciliation from Net Loss Attributable to Cheetah Mobile Shareholders to Adjusted EBITDA (Non-GAAP)

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))

For The Three Months Ended

For The Six Months Ended

June 30, 2025

June 30, 2026

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2026

RMB

RMB

USD

RMB

RMB

USD

Net loss attributable to Cheetah Mobile
shareholders

(22,643)

(94,911)

(13,988)

(56,000)

(112,391)

(16,564)

Add:

Income tax expenses

3,865

8,199

1,208

8,685

15,822

2,332

Interest income, net

(9,980)

(3,201)

(472)

(15,585)

(6,623)

(976)

Depreciation and other amortization

10,757

6,969

1,027

20,539

13,433

1,980

Net income attributable to noncontrolling
interests

6,200

8,375

1,234

11,448

13,939

2,054

Other expense, net

11,495

47,943

7,066

13,854

27,370

4,033

Share-based compensation

2,361

5,671

836

7,945

9,152

1,349

Adjusted EBITDA

2,055

(20,955)

(3,089)

(9,114)

(39,298)

(5,792)

 

View original content:https://www.prnewswire.com/news-releases/cheetah-mobile-announces-second-quarter-2026-unaudited-consolidated-financial-results-302875945.html

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Treeni Sustainability Solutions Appoints Vivek Rawat to Its Advisory Board to Accelerate Next Phase of Growth

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September 11, 2026

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Go-to-market and revenue leader to advise Treeni on building a Scalable and Sustainable growth engine as it expands its consulting-led, outcome-accountable ESG managed services.

BENGALURU, India, Sept. 11, 2026 /PRNewswire/ — Treeni Sustainability Solutions, a consulting-led ESG managed services company, today announced the appointment of Vivek Rawat to its Advisory Board. Mr. Rawat will work closely with Treeni’s leadership on customer acquisition, market positioning, revenue growth, and strategic alliances as the company scales its resustAIn™-powered managed service solutions to enterprise and mid-market clients in India and globally.

The appointment comes at an important stage in Treeni’s evolution. Sustainability is increasingly shifting from a periodic disclosure exercise to a continuously managed business function, driven by tightening reporting regimes, buyer-led supply chain requirements and growing scrutiny from investors and rating agencies. Treeni addresses this growing complexity by combining sustainability expertise, technology and end-to-end managed services to drive measurable outcomes. The company is now focused on taking this differentiated model to a wider set of clients.

Vivek Rawat is a Founding Member of the Winning by Design Growth Institute, where he works with senior executives to design Revenue and Growth Architecture for scalable, sustainable growth. He specializes in helping technology companies build predictable, repeatable growth engines — connecting strategy, sales execution, customer expansion, and revenue operations. His expertise will complement Treeni’s focus on expanding its differentiated delivery model while maintaining the quality and accountability that underpin its client relationships.

Vivek Rawat brings more than two decades of experience building and scaling technology businesses and revenue organisations. His career includes senior leadership roles at IBM, SAP and CSC across enterprise software sales, global alliances, ecosystems, channels and P&L, as well as advisory work with high-growth technology companies including BrowserStack and Lentra.

Ankush Patel, Founder and Chief Executive Officer, Treeni Sustainability Solutions, said, “We have spent years building the domain expertise, technology and delivery model to solve end-to-end sustainability requirements for our clients. Our next challenge is to scale this value proposition across a wider set of clients, industries and markets. Vivek brings exactly the kind of experience we need at this stage. He understands how to build repeatable growth systems and the organisational capabilities required to scale. We are excited to have him join us as we enter this next phase of growth.”

“Sustainability is one of the few categories where the market need is not in question; the question is whether businesses can find a partner that can help them turn ambition into execution,” said Vivek Rawat. “What attracted me to Treeni is that it has built a model that enables businesses to move from sustainability intent to measurable execution. It has a strong foundation across domain expertise, technology, and delivery. The opportunity now is to build the commercial engine that can take this value proposition to more organisations in a disciplined and repeatable way. I am excited to work with Treeni as it takes this next step.”

The appointment of Vivek Rawat is part of Treeni’s broader effort to strengthen its leadership and advisory capabilities as it enters its next phase of growth. Treeni intends to expand its Advisory Board with leaders bringing complementary expertise across sustainability, technology and enterprise growth.

About Treeni Sustainability Solutions

Treeni brings deep ESG domain expertise and acts as its clients’ Trusted Advisor — owning the ESG programme end-to-end as a consulting-led managed service, powered by resustAIn™, and accountable for outcomes, not just advice.

Headquartered in Bangalore, India, Treeni delivers its managed services through three purpose-built resustAIn™ offerings: resustAIn™ ESG+ for enterprise ESG performance, emissions management, reporting and disclosure; resustAIn™ SCSM for supply chain sustainability management; and resustAIn™ Zero for small and mid-sized enterprises responding to customer and regulatory requirements. Treeni serves clients across manufacturing, technology services, pharmaceuticals and industrial sectors in India and internationally.

For more information, visit www.treeni.com.

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PITAKA Introduces iPhone 18 Case Collection Featuring Advanced Protection and Refined Design

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4 minutes ago

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September 11, 2026

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The Edge and Guard series combine lightweight aramid fiber with enhanced protection, innovative craftsmanship, and an expanded palette of nature-inspired patterns.

HONG KONG, Sept. 11, 2026 /CNW/ — Following the successful debut of its “Signals in the Wind” brand event in Berlin on September 4, where PITAKA presented its latest designs inspired by nature, the brand today introduced its latest case collection for the iPhone 18 series. The recognition comes on the heels of PITAKA’s NYPDA Gold Award win, with the brand earning an IFA Innovation Award Honoree 2026 designation during IFA 2026, where its product was showcased, as well as a Best of IFA award from Yanko Design. Featuring two distinct lines — Edge and Guard — the collection combines premium aramid fiber with enhanced drop protection and a broader range of woven patterns, bringing PITAKA’s signature material approach to Apple’s latest lineup.

“With this collection, we wanted every material decision to say something — not just protect the phone, but change how it feels in your hand,” said James Zheng, Founder of PITAKA. “Edge and Guard represent two different answers to the same question: how do you add protection without losing the thing that made aramid fiber worth using in the first place — the way it feels, moves, and ages with you.”

Edge Series: Lightweight and Close-Fitting Protection

The Edge Series emphasizes a minimal profile, utilizing woven aramid fiber to provide everyday scratch and drop protection without adding bulk. Its textured surface offers natural friction for an ergonomic, non-slip grip.

The case integrates PitaTap™, PITAKA’s proprietary capacitive camera button, built by seamlessly embedding a sensor into less than 1mm of aramid fiber through a one-piece molding process. To boost impact absorption without compromising weight, the case incorporates Mammoth Resin™ — a proprietary compound developed over 14 months through 300 formulation iterations and more than 400 drop tests, delivering up to twice the drop resistance of PITAKA’s previous resin. A subtle P-angle corner design further simplifies installation and removal.

Guard Series: Enhanced Impact Resistance and Seamless Craftsmanship

The Guard Series introduces two distinct models — Cairn and Summa — tailored for users seeking higher levels of defense:

Cairn Case: Combines woven aramid fiber with impact-resistant TPU and an upgraded Bow-Arc Corner Buffer 2.0. Inspired by outdoor gear structures, this design reinforces corner protection against severe drops while giving the case a rugged aesthetic.Summa Case: Leverages 3D thermoforming technology to wrap aramid fiber smoothly around the edges, resulting in a continuous woven surface with virtually no visible seams. It features a high-toughness resin core and a built-in lanyard anchor for added everyday security.

Expanded Color Palette and Nature-Inspired Patterns

The collection expands PITAKA’s woven lineup with new design categories:

Wind Over Wheat Series: Available in Golden Drift, Surging Awn, and Berlin Nocturne.Argyle Finishes: Offered in Lava Black, Abyss Blue, Burgundy, and Blue’s Red.Moment Series: Featuring updated iterations of classic weaves alongside new seasonal patterns.

Stay tuned for even more series and patterns coming soon.

Each pattern draws inspiration from elements in nature — light, movement, and natural textures — woven directly into the structural aramid fibers.

Beyond Phone Cases: Expanding the Ecosystem

Under the design motif “What Else Can It Be?” the iPhone 18 launch also marks an expansion of PITAKA’s broader product ecosystem. The brand is applying its aramid and carbon-fiber craftsmanship to everyday tech essentials, including carbon-fiber watch bands, bi-fold wallets, and MacBook protective cases.

Pricing and Availability

The iPhone 18 case collection starts at $59.99 and is available today on the official PITAKA’s Official Website and Amazon. Cases for Apple’s first foldable device, the iPhone Ultra — including front covers, back covers, and full combination sets — range from $54.99 to $109.99.

About PITAKA

PITAKA is a material technology and lifestyle brand exploring how materials, craftsmanship, and design can transform interaction with everyday technology. Guided by its philosophy of Material & Sense, PITAKA crafts aramid-fiber cases, MagSafe accessories, and ecosystem solutions for Apple and Samsung devices.

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SOURCE PITAKA

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Lorex Connect Expands V Series Lineup with Professional-Grade 4K Security Solutions for Homes and Businesses

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4 minutes ago

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September 11, 2026

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The new V7 4K PoE Camera and VF 16-Channel NVR feature enhanced low-light performance, intelligent detection and improved system capacity, expanding the Lorex Connect V Series’ range of versatility.

TORONTO, Sept. 10, 2026 /PRNewswire/ — Lorex Technology, a generational leader in privacy-first security, announced today the release of the V7 4K PoE Camera and VF 16-Channel NVR while spotlighting the V Series connected ecosystem. The new side-by-side releases take another bold step in shaping the Connect V Series around premium hardware and powerful software control.

Designed for both residential and commercial properties, every V Series camera leverages Power over Ethernet (PoE) technology to carry power and high-definition video over a single cable. Building on this reliable, simplified practicality, the V7 camera introduces a new upper tier of video performance, backed by the VF NVR’s upgraded capacity, channel count, and feature support to enable robust, commercial-grade video security in a wide variety of settings.

V7 4K PoE Camera: Premium Video Capture Headlining a Dynamic Lineup

The new V7 camera introduces the V Series’ best low-light performance and wide-area coverage yet. Able to capture clear, vivid color footage in dark environments without relying on bright spotlights, it ensures crucial details remain visible any time of day or night. An ultra-wide viewing angle allows a single unit to monitor expansive spaces like long driveways, commercial storefronts, or large parking lots that would normally require multiple cameras.

When paired with the new VF NVR channel, the V7 delivers premium license plate and facial recognition capabilities, providing actionable updates when familiar people and vehicles enter the property, regardless of lighting or weather conditions. The V7 also features Lens Distortion Correction, which is enabled when paired with a compatible NVR and reduces the curvature caused by wide-angle footage, helping keep straight lines straight for a clearer, more true-to-life view.

Designed with an IP67-rated all-weather housing, the V7 delivers reliable, high performance outdoor security built to last, whether monitoring your home or business.

Supporting the Lorex Connect V Series’ versatile utility are the existing V3 and V5 cameras. The foundational V3 provides essential high-definition protection through clear video in light and dark scenes, smart alerts based on person and vehicle detection, and a warning light and siren for active deterrence. The V5 raises the bar by implementing intrusion, line-crossing, and tampering detection to protect both an extended area of a property and the security system itself. It also upgrades low-light performance using AI-supported image processing for better color accuracy while adding custom deterrence lighting colors, which provide benefits such as improved  visibility and stronger deterrence.

With the release of the V7, these high-level detection and low-light processing features are now offered at the highest tier of Lorex Connect V Series cameras. Together, the tiered options let homeowners and businesses craft the ideal security system tailored to specific needs across entire properties.

VF 16-Channel NVR: Centralized Control with Expanded Onboard Storage

For straightforward, continuous recording and scalable system capacity, the new VF NVR serves as a central hub for larger residential or commercial spaces. It manages up to 16 active camera channels and wields the processing power required to support the V7’s face and license plate recognition capabilities. Generous, expandable local storage lets users enjoy the flexibility of retaining weeks of secure footage directly on device with no mandatory cloud subscription fees.

Despite its professional-grade storage and performance, the VF NVR operates quietly in the background utilizing QuietTek fanless cooling technology, maintaining pristine living spaces and quiet work environments.

The new 16-channel VF joins the existing VC NVR and its 8-channel configuration, ideal for smaller security deployments. Along with comparable, subscription-free local storage and quiet operation, the VC NVR implements smart search tools that can easily locate specific events to avoid hours of poring over stored video.

Lorex Connect V Series: Top-Tier Home and Business Security with User-Friendly Control

Lorex Connect V Series cameras and NVRs are quick and easy to install and manage. Every step, from connecting the NVR to mounting and angling the cameras, can be completed with ease. Through the Lorex Connect app, users can also just as easily configure detection zones, enable and customize deterrence features, and set up quick response messages and two-way talk.

“With the Lorex Connect V Series, we set out to close the gap between premium security hardware and everyday usability,” said Steve Hong, VP, Global Sales and Marketing at Lorex Technology. “The addition of the V7 camera and VF NVR gives properties the advanced capture and scalable storage they need to build a comprehensive, wired system tailored to their specific environment.”

The Lorex Connect V Series includes the V3, V5 and V7 4K PoE Cameras, offering options to meet a range of security needs, along with 8- and 16-channel NVRs for flexible system configurations.

For more information about Lorex Connect V Series and how its professional-grade security solutions can help protect homes and businesses, please visit https://www.lorex.ca/collections/v-series. 

-END-

About Lorex Technology

Lorex is a leading provider of smart security and monitoring solutions, with over 30 years of experience delivering reliable video surveillance across North America. Founded in Canada, Lorex offers a comprehensive ecosystem of solutions for both residential and commercial applications. Lorex for Business, its professional division, supports security installers, integrators, and business owners with scalable, professional-grade systems that combine proven reliability with intelligent features to enhance visibility, streamline operations, and support growing businesses. To learn more, visit Lorex.com.

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