Original title: 36 Krypton Announces Third Quarter Financial Report: Revenue: RMB 130 million; Loss of RMB 12.4 million Source: Tencent Technology
Tencent Technology News Not long ago, 36Krypton, a Chinese internet media company that mainly focuses on the technology sector, was listed on the US Nasdaq. This also means that the media's financial results will be revealed to the public from now on. According to the latest news from foreign media, on December 10, the company announced its unaudited financial results for the third quarter of this year. Financial reports show that this small media company received a total revenue of 130 million yuan in the third quarter.
According to foreign media reports, in the third quarter, the total revenue of 36 Krypton Company increased from 82.3 million yuan in the same period in 2018 to 130.9 million yuan (equivalent to US$18.3 million), with a revenue increase of 59.1%.
Online advertising is an important source of revenue for 36 Krypton. Financial reports show that in the third quarter, the company's online advertising service revenue increased from 51.7 million yuan in the same period in 2018 to 54.1 million yuan (7.6 million US dollars), an increase of 4.6%.
As another pillar of the company's business, the company's value-added service revenue for 36 krypton in the third quarter increased from RMB 21.1 million in the same period in 2018 to RMB 64 million (US$9 million) in the third quarter of 2019, an increase of 202.8%.
Here are some other operating and earnings highlights for the third quarter:
In the 12-month period ending September 30, 2019, the average number of monthly page views on the 36-krypton media website was 389.5 million, compared to 145.6 million for the 12-month period ending September 30, 2018.
Subscription service revenue increased from RMB 9.4 million in the same period in 2018 to RMB 12.9 million (US$1.8 million) in the third quarter of 2019, an increase of 36.2%.
Gross profit increased from RMB 44.7 million in the same period in 2018 to RMB 55.1 million (US$7.7 million) in the third quarter of 2019, an increase of 23.3%.
In the third quarter, the company's net loss was RMB 12.4 million (US$1.7 million), while net profit for the same period in 2018 was RMB 9.8 million. Non-GAAP adjusted net profit increased from $11 million in the same period in 2018 to $13.4 million ($1.9 million) in the third quarter of 2019.
Here are the operating and financial highlights for the first three quarters of 2019:
In the first nine months of 2019, total revenue increased from RMB 154.7 million in the same period in 2018 to RMB 332.8 million (US$46.6 million), an increase of 115.1%.
In the first nine months of 2019, revenue from online advertising services increased 30.1% from RMB 102.7 million in the same period in 2018 to RMB 133.6 million (US$18.7 million).
In the first nine months of 2019, enterprise value-added service revenue increased from RMB 37.7 million in the same period in 2018 to RMB 165 million (US$23.1 million), an increase of 337.4%.
Subscription service revenue increased from RMB 14.3 million in the same period in 2018 to RMB 34.2 million (US$4.8 million) in the first nine months of 2019, an increase of 139.0%.
In the first nine months of 2019, gross profit increased from RMB 69.1 million in the same period in 2018 to RMB 118.8 million (US$16.6 million), an increase of 72.1%. (Revised by Tencent Technology/Cheng Xi)