Qutoutiao Inc - ADR

+0.01 (+0.52%)
Other Pre-Announcement

Qutoutiao Inc Reports Q3 2020 Unaudited Financial Results

Published: 12/16/2020 22:53 GMT
Qutoutiao Inc - ADR (QTT) - Sees Q4 2020 Revenue Rmb 1.23 Billion to Rmb 1.25 Billion.
Q3 Revenue Fell 19.7 Percent to Rmb 1.13 Billion.
Qtrly Combined Average Maus Were 120.5 Million, Compared to 133.9 Million in Q3 of 2019.
Basic and Diluted Net Loss per Ads Was Rmb0.96 (us$0.14) in Q3 of 2020.
Non-GAAP Basic and Diluted Net Loss per Ads Was Rmb0.49 (us$0.07) in Q3 of 2020.
Believe That We Have Sufficient Cash and Other Financial Resources to Fund Operations for at Least Next 12 Months.