Cheetah Mobile Announces Fourth Quarter and Fiscal Year 2025 Unaudited Consolidated Financial Results
AI and Others revenue grew 84.7% year over year and accounted for 46.5% of total revenue in 2025 BEIJING, March 24, 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 fourth quarter and full year ended December 31, 2025. Full Year 2025 Financial Highlights Total revenues increased by 42.6% year over year to RMB 1,150.4 million (US$164.5 million) in 2025, driven by strong expansion across business segments. Revenue from the Internet business increased by 19.0% year over year to RMB 615.3 million (US$88.0 million) . Revenue from the AI and Others segment increased by 84.7% year over year to RMB 535.2 million (US$76.5 million), reflecting continued scaling of the Company's emerging initiatives. The AI and Others segment accounted for 46.5% of total revenues in 2025, compared with 35.9% in 2024. Gross profit increased by 53.0% year over year to RMB 834.0 million (US$119.3 million). Gross margin improved to 72.5% in 2025 from 67.6% in 2024. On a non-GAAP basis, gross profit was RMB 834.0 million (US$119.3 million), and non-GAAP gross margin was 72.5%. Operating loss decreased by 59.0% year over year to RMB 179.4 million (US$25.7 million) in 2025. On a non-GAAP basis, operating profit was RMB 14.2 million (US$2.0 million), compared with a non-GAAP operating loss of RMB 231.8 million in 2024. The Internet business generated adjusted operating profit of approximately RMB 114.9 million in 2025, representing a 82.8% year-over-year increase and reflecting improving profitability and strong cash flow generation. Adjusted operating margin for this segment was 18.7% in 2025, compared with 12.1% in 2024. The AI and Others segment reported an adjusted operating loss of approximately RMB 274.5 million in 2025, representing a 42.1% year-over-year reduction, as the Company continued improving operating efficiency while scaling emerging initiatives. Cash and cash equivalents were RMB 1,506.6 million (US$215.4 million) as of December 31, 2025. Fourth Quarter 2025 Financial Highlights Total revenues increased by 30.3% year over year and 7.5% quarter over quarter to RMB 308.9 million (US$44.2 million) in the fourth quarter of 2025. Revenue from the Internet business was RMB 155.9 million (US$22.3 million) in the fourth quarter of 2025. While Internet business revenue declined slightly year over year, it increased 9.5% quarter over quarter. Revenue from the AI and Others segment reached RMB 153.0 million (US$21.9 million), representing a 98.8% year-over-year increase and a 5.5% quarter-over-quarter increase, reflecting continued growth momentum of the Company's emerging initiatives. The AI and Others segment accounted for 49.5% of total revenues in the fourth quarter of 2025, compared with 32.5% in the same period last year, representing nearly half of total revenue. Gross profit increased by 18.9% year over year to RMB 205.4 million (US$29.4 million) in the fourth quarter of 2025. On a non-GAAP basis, gross profit increased by 19.2% year over year to RMB 205.4 million (US$29.4 million). Operating loss decreased by 29.6% year over year to RMB 145.8 million (US$20.8 million) in the fourth quarter of 2025. On a non-GAAP basis, operating profit was RMB 15.5 million (US$2.2 million), compared with a non-GAAP operating loss of RMB 42.5 million in the fourth quarter of 2024. The Internet business generated adjusted operating profit of approximately RMB 46.7 million in the fourth quarter of 2025, representing a 78.1% year-over-year increase, and continued to serve as a stable profit contributor to the Company. The AI and Others segment reported an adjusted operating loss of approximately RMB 183.3 million in the fourth quarter of 2025, representing a 19.7% year-over-year reduction in operating loss. Management Commentary Fu Sheng, Chief Executive Officer of Cheetah Mobile, commented: "2025 marked a turning point for Cheetah Mobile. We delivered revenue growth while meaningfully improving operating efficiency and achieved full-year non-GAAP operating profitability. Our robotics business, which represented approximately 18.9% of total revenue in the fourth quarter, increased 93.6% year over year and 42.9% quarter over quarter, showing strong growth momentum. We are expanding our robotic product portfolio with a consumer-facing smart wheelchair, leveraging our existing autonomous mobility technologies. Our internet business remained a stable cash-generating platform, supporting disciplined investment in AI-driven capabilities. Leveraging our long-standing utility product experience, we continued to enhance our AI agent products, with the introduction of EasyClaw, our AI coworker platform designed to help users create and deploy AI agents more easily. While monetization remains at an early stage, these initiatives are part of our long-term strategy to build sustainable growth engines." Thomas Ren, Chief Financial Officer of Cheetah Mobile, commented: "In 2025, we continued to strengthen operating discipline and improve cost efficiency across the organization. Although we reported a GAAP operating loss for the year, operating loss narrowed significantly year over year. On a non-GAAP basis, we achieved operating profitability, reflecting an improved cost structure and increasing operating leverage. Within our Internet business, internet value-added services, which contributed 74.8% of this segment's revenues in the fourth quarter of 2025, expanded by 32.0% year over year and 16.2% quarter over quarter, enhancing earnings visibility and margin stability. In our AI and Others segment, revenue contribution increased year over year and accounted for nearly half of total revenues in the fourth quarter of 2025, while operating loss narrowed as we maintained selective investment and cost control. We ended the year with a solid cash position, providing financial flexibility to support disciplined capital allocation." Conference Call Information The Company will hold a conference call on March 24, 2026, at 7:00 a.m. Eastern Time (or 7:00 p.m. Beijing Time) to discuss its financial results. Listeners may access the call by dialing the following numbers: Main Line:International: 1-412-317-6061United States Toll Free: 1-888-317-6003Mainland China Toll Free: +86-4001-206115Hong Kong Toll Free: 800-963976Conference ID: 8826704 English Translation:International: 1-412-317-6061United States Toll Free: 1-888-317-6003Mainland China Toll Free: +86-4001-206115Hong Kong Toll Free: 800-963976Conference ID: 6928279 A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.cmcm.com. Exchange Rate This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars in this press release were made at a rate of RMB6.9931 to US$1.00, the exchange rate in effect as of December 31, 2025, 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, or to be the amounts that would have been reported under accounting principles generally accepted in the United States of America ("U.S. GAAP"). 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, among others. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, multi-cloud management platform 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 but are not limited to the following: Cheetah Mobile's growth strategies; Cheetah Mobile's ability to retain and increase its user base and expand its product and service offerings; Cheetah Mobile's ability to monetize its platform; Cheetah Mobile's future business development, financial condition and results of operations; competition with companies in a number of industries including internet companies that provide online marketing services and internet value-added services; expected changes in Cheetah Mobile's revenues and certain cost or expense items; and general economic and business condition globally and in China. Further information regarding these and other risks is included in Cheetah Mobile's filings with the U.S. Securities and Exchange Commission. Cheetah Mobile does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable 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, impairment of goodwill and 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 and impairment of goodwill and 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, impairment of goodwill and 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, impairment of goodwill and 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, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions, which have been and will continue to be significant recurring expenses in its business. 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 ZhuCheetah Mobile Inc.Tel: +86 10 6292 7779Email: 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, 2024 December 31, 2025 RMB RMB USD ASSETS Current assets: Cash and cash equivalents 1,833,031 1,506,625 215,445 Short-term investments 335 9,527 1,362 Accounts receivable, net 473,619 468,058 66,931 Prepayments and other current assets, net 1,365,761 1,154,774 165,132 Due from related parties, net 106,934 94,821 13,559 Total current assets 3,779,680 3,233,805 462,429 Non-current assets: Property and equipment, net 51,564 40,238 5,754 Operating lease right-of-use assets 26,323 16,833 2,407 Intangible assets, net 190,665 54,069 7,732 Goodwill 424,099 460,034 65,784 Long-term investments 817,330 688,459 98,448 Deferred tax assets 128,581 112,913 16,146 Other non-current assets 86,059 77,521 11,085 Total non-current assets 1,724,621 1,450,067 207,356 Total assets 5,504,301 4,683,872 669,785 LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable 219,566 211,689 30,271 Accrued expenses and other current liabilities 2,756,805 2,264,659 323,842 Due to related parties 69,606 18,613 2,662 Income tax payable 35,804 54,430 7,783 Total current liabilities 3,081,781 2,549,391 364,558 Non-current liabilities: Deferred tax liabilities 43,046 21,711 3,105 Other non-current liabilities 172,348 154,422 22,082 Total non-current liabilities 215,394 176,133 25,187 Total liabilities 3,297,175 2,725,524 389,745 Mezzanine equity: Redeemable noncontrolling interests 189,725 197,560 28,251 Shareholders' equity: Ordinary shares 248 254 36 Additional paid-in capital 2,722,504 2,736,117 391,260 Accumulated deficit (1,232,577) (1,490,947) (213,203) Accumulated other comprehensive income 410,423 362,245 51,800 Total Cheetah Mobile Inc. shareholders' equity 1,900,598 1,607,669 229,893 Noncontrolling interests 116,803 153,119 21,896 Total shareholders' equity 2,017,401 1,760,788 251,789 Total liabilities, mezzanine equity and shareholders' equity 5,504,301 4,683,872 669,785 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 Year Ended December 31, 2024 December 31, 2025 December 31,2025 December 31, 2024 December 31, 2025 December 31, 2025 RMB RMB USD RMB RMB USD Revenues 237,089 308,851 44,165 806,877 1,150,444 164,511 Internet business 160,152 155,896 22,293 517,188 615,281 87,984 AI and others 76,937 152,955 21,872 289,689 535,163 76,527 Cost of revenues (a) (64,317) (103,475) (14,797) (261,682) (316,411) (45,246) Gross profit 172,772 205,376 29,368 545,195 834,033 119,265 Operating income and expenses: Research and development (a) (65,506) (149,863) (21,430) (243,391) (346,152) (49,499) Selling and marketing (a) (104,851) (72,657) (10,390) (342,421) (362,735) (51,870) General and administrative (a) (56,281) (87,101) (12,455) (244,385) (266,522) (38,112) Impairment of goodwill and intangible assets (152,890) (41,563) (5,943) (152,890) (41,563) (5,943) Other operating (expense)/income (377) 31 4 637 3,496 500 Total operating income and expenses (379,905) (351,153) (50,214) (982,450) (1,013,476) (144,924) Operating loss (207,133) (145,777) (20,846) (437,255) (179,443) (25,659) Other income/(expenses): Interest income, net 9,862 5,484 784 44,422 30,629 4,380 Foreign exchange (losses)/gains (32,236) 14,156 2,024 (21,726) 30,783 4,402 Other expense, net (82,300) (74,481) (10,651) (139,769) (108,652) (15,537) Loss before income taxes (311,807) (200,618) (28,689) (554,328) (226,683) (32,414) Income tax (expenses)/benefits (51,064) 13,722 1,962 (47,258) (8,469) (1,211) Net loss (362,871) (186,896) (26,727) (601,586) (235,152) (33,625) Less: net income attributable to noncontrolling interests 3,913 3,843 550 15,971 22,561 3,226 Net loss attributable to Cheetah Mobile shareholders (366,784) (190,739) (27,277) (617,557) (257,713) (36,851) Net loss per share Basic (0.2438) (0.1262) (0.0180) (0.4161) (0.1754) (0.0251) Diluted (0.2439) (0.1262) (0.0180) (0.4162) (0.1764) (0.0252) Net loss per ADS Basic (12.1907) (6.3082) (0.9000) (20.8042) (8.7724) (1.2550) Diluted (12.1947) (6.3082) (0.9000) (20.8097) (8.8185) (1.2600) Weighted average number of shares outstanding Basic 1,512,707,145 1,550,604,238 1,550,604,238 1,503,054,847 1,533,473,068 1,533,473,068 Diluted 1,512,707,145 1,550,604,238 1,550,604,238 1,503,054,847 1,533,473,068 1,533,473,068 Weighted average number of ADSs outstanding Basic 30,254,143 31,012,085 31,012,085 30,061,097 30,669,461 30,669,461 Diluted 30,254,143 31,012,085 31,012,085 30,061,097 30,669,461 30,669,461 Other comprehensive income/(loss) , net of tax of nil Foreign currency translation adjustments 51,667 (25,511) (3,648) 49,045 (50,422) (7,210) Unrealized gains/(losses) on available-for-sale securities, net 7,277 (5,541) (792) 2,642 1,121 160 Other comprehensive income/(loss) 58,944 (31,052) (4,440) 51,687 (49,301) (7,050) Total comprehensive loss (303,927) (217,948) (31,167) (549,899) (284,453) (40,675) Less: Total comprehensive income attributable to noncontrolling interests 2,199 1,889 270 14,089 21,438 3,066 Total comprehensive loss attributable to Cheetah Mobile shareholders (306,126) (219,837) (31,437) (563,988) (305,891) (43,741) For The Three Months Ended For The Year Ended December 31, 2024 December 31, 2025 December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2025 (a) Share-based compensation expenses RMB RMB USD RMB RMB USD Cost of revenues (460) 2 - 81 16 2 Research and development 1,280 1,007 144 1,924 1,193 171 Selling and marketing (495) 290 41 (662) 773 111 General and administrative 4,819 7,867 1,125 24,758 17,858 2,554 Total 5,144 9,166 1,310 26,101 19,840 2,838 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 December 31, 2025 For The Year Ended December 31, 2025 GAAP Share-based Amortization of Impairment Non-GAAP GAAP Share-based Amortization of Impairment Non-GAAP Result Compensation intangible assets* of goodwill and intangible assets Result Result Compensation intangible assets* of goodwill and intangible assets Result RMB RMB RMB RMB RMB USD RMB RMB RMB RMB RMB USD Revenues 308,851 - - - 308,851 44,165 1,150,444 - - - 1,150,444 164,511 Cost of revenues (103,475) 2 - - (103,473) (14,797) (316,411) 16 - - (316,395) (45,244) Gross profit 205,376 2 - - 205,378 29,368 834,033 16 - - 834,049 119,267 Research and development (149,863) 1,007 108,471 - (40,385) (5,775) (346,152) 1,193 127,171 - (217,788) (31,143) Selling and marketing (72,657) 290 2,070 - (70,297) (10,053) (362,735) 773 5,078 - (356,884) (51,033) General and administrative (87,101) 7,867 - - (79,234) (11,330) (266,522) 17,858 - - (248,664) (35,558) Impairment of goodwill and intangible assets (41,563) - - 41,563 - - (41,563) - - 41,563 - - Other operating income, net 31 - - - 31 4 3,496 - - - 3,496 500 Total operating income and expenses (351,153) 9,164 110,541 41,563 (189,885) (27,154) (1,013,476) 19,824 132,249 41,563 (819,840) (117,234) Operating (loss)/income (145,777) 9,166 110,541 41,563 15,493 2,214 (179,443) 19,840 132,249 41,563 14,209 2,033 Net loss attributable to Cheetah Mobile shareholders (190,739) 9,166 110,541 41,563 (29,469) (4,217) (257,713) 19,840 132,249 41,563 (64,061) (9,159) Diluted losses per ordinary share (RMB) (0.1262) 0.0059 0.0714 0.0268 (0.0221) (0.1764) 0.0129 0.0863 0.0271 (0.0501) Diluted losses per ADS (RMB) (6.3082) 0.2950 3.5682 1.3400 (1.1050) (8.8185) 0.6450 4.3135 1.3550 (2.5050) Diluted losses per ADS (USD) (0.9000) 0.0422 0.5082 0.1916 (0.1580) (1.2600) 0.0922 0.6158 0.1938 (0.3582) For The Three Months Ended December 31, 2024 For The Year Ended December 31, 2024 GAAP Share-based Amortization of Impairment Non-GAAP GAAP Share-based Amortization of Impairment Non-GAAP Result Compensation intangible assets* of goodwill and intangible assets Result Result Compensation intangible assets* of goodwill and intangibleassets Result RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB Revenues 237,089 - - - 237,089 806,877 - - - 806,877 Cost of revenues (64,317) (460) - - (64,777) (261,682) 81 - - (261,601) Gross profit 172,772 (460) - - 172,312 545,195 81 - - 545,276 Research and development (65,506) 1,280 6,156 - (58,070) (243,391) 1,924 24,624 - (216,843) Selling and marketing (104,851) (495) 469 - (104,877) (342,421) (662) 1,876 - (341,207) General and administrative (56,281) 4,819 - - (51,462) (244,385) 24,758 - - (219,627) Impairment of goodwill and intangible assets (152,890) - - 152,890 - (152,890) - - 152,890 - Other operating income, net (377) - - - (377) 637 - - - 637 Total operating income and expenses (379,905) 5,604 6,625 152,890 (214,786) (982,450) 26,020 26,500 152,890 (777,040) Operating loss (207,133) 5,144 6,625 152,890 (42,474) (437,255) 26,101 26,500 152,890 (231,764) Net loss attributable to Cheetah Mobile shareholders (366,784) 5,144 6,625 152,890 (202,125) (617,557) 26,101 26,500 152,890 (412,066) Diluted losses per ordinary share (RMB) (0.2439) 0.0034 0.0044 0.1011 (0.1350) (0.4162) 0.0174 0.0176 0.1017 (0.2795) Diluted losses per ADS (RMB) (12.1947) 0.1700 0.2200 5.0547 (6.7500) (20.8097) 0.8700 0.8800 5.0847 (13.9750) * 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 December 31, 2025 For The Year Ended December 31, 2025 Internet Business AI and others Consolidated Internet Business AI and others Consolidated RMB RMB RMB USD RMB RMB RMB USD Revenues 155,896 152,955 308,851 44,165 615,281 535,163 1,150,444 164,511 Operating Costs and expenses Cost of revenues(i) 31,300 72,173 103,473 14,797 106,606 209,789 316,395 45,244 Selling and marketing(i) 45,326 27,041 72,367 10,349 220,312 141,650 361,962 51,759 Research and development(i) 10,367 138,489 148,856 21,286 110,060 234,899 344,959 49,328 Other segment items(i) 22,237 98,529 120,766 17,269 63,436 223,295 286,731 41,001 Adjusted operating income/(losses) 46,666 (183,277) (136,611) (19,536) 114,867 (274,470) (159,603) (22,821) Unallocated amounts-share based compensations (9,166) (1,310) (19,840) (2,838) Operating loss (145,777) (20,846) (179,443) (25,659) Reconciliation of segment profit/(loss) Interest income, net 5,484 784 30,629 4,380 Foreign exchange gains, net 14,156 2,024 30,783 4,402 Other expense, net (74,481) (10,651) (108,652) (15,537) Loss before income taxes (200,618) (28,689) (226,683) (32,414) For The Three Months Ended December 31, 2024 For The Year Ended December 31, 2024 Internet Business AI and others Consolidated Internet Business AI and others Consolidated RMB RMB RMB RMB RMB RMB Revenues 160,152 76,937 237,089 517,188 289,689 806,877 Operating Costs and expenses Cost of revenues(i) 21,174 43,603 64,777 79,812 181,789 261,601 Selling and marketing(i) 70,243 35,103 105,346 200,945 142,138 343,083 Research and development(i) 30,651 33,575 64,226 115,476 125,991 241,467 Other segment items(i) 11,877 192,852 204,729 58,122 313,758 371,880 Adjusted operating income/(losses) 26,207 (228,196) (201,989) 62,833 (473,987) (411,154) Unallocated amounts-share based compensations (5,144) (26,101) Operating loss (207,133) (437,255) Reconciliation of segment profit/(loss) Interest income, net 9,862 44,422 Foreign exchange gains, net (32,236) (21,726) Other expense, net (82,300) (139,769) Loss before income taxes (311,807) (554,328) (i) Share-based compensations 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 Year Ended December 31, 2024 December 31,2025 December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2025 RMB RMB USD RMB RMB USD Net loss attributable to Cheetah Mobile shareholders (366,784) (190,739) (27,277) (617,557) (257,713) (36,851) Add: Income tax expenses/(benefits) 51,064 (13,722) (1,962) 47,258 8,469 1,211 Interest income, net (9,862) (5,484) (784) (44,422) (30,629) (4,380) Depreciation and other amortization 14,619 114,426 16,363 51,453 147,235 21,054 Net income attributable to noncontrolling interests 3,913 3,843 550 15,971 22,561 3,226 Other expense, net 114,536 60,325 8,627 161,495 77,869 11,135 Share-based compensation 5,144 9,166 1,310 26,101 19,840 2,838 Impairment of goodwill and intangible assets 152,890 41,563 5,943 152,890 41,563 5,943 Adjusted EBITDA (34,480) 19,378 2,770 (206,811) 29,195 4,176
2026-03-25