May 26th36氪Released results for the first quarter of fiscal year 2020. According to the financial report, 36Kr Holdings's income totaled 65.2 million yuan (US $9.2 million) in the first quarter of 2020, compared with 83.8 million yuan in the same period last year.
In the first quarter of 2020, 36 Krypton online advertising revenue was 21 million yuan (US $3 million), accounting for 32.3%; enterprise value-added services revenue was 42.8 million yuan (US $6 million), accounting for 65.7%; subscription service revenue was 1.3 million yuan (US $200000), accounting for 2.0%.
36Kr Holdings's adjusted non-Non-GAAP net loss in the first quarter of fiscal 2020 was 82.9 million yuan (US $11.7 million).
The epidemic has had a certain impact on all lines of business of 36Kr Holdings, among which the revenue of online advertising business has declined significantly. However, corporate value-added services, 36Kr Holdings's fastest-growing core business, maintained a slight growth in the first quarter of 2020, an increase of 3.4 per cent year-on-year.
The epidemic has led to an increase in the amount of time spent on online content. In the 12 months to March 31, 2020, the average monthly visits to 36Kr Holdings's proprietary platform and major third-party platforms reached 474 million, an increase of 110.2% over the same period last year.
A few days ago, 36Kr Holdings issued a share repurchase plan authorized by the board of directors, announcing that the company plans to buy back no more than 1000000 American depositary receipts (ADS), and that the repurchase plan will be implemented in accordance with relevant rules and trading policies after the release of financial results in the first quarter of 2020 or before June 30, 2020. In addition, earlier this month, 36Kr Holdings CEO Feng Dagang, Chief Financial Officer Liang Jihong, Chief content Officer Li Yang and some other employees of the company pledged in writing to extend the lock-up for an additional 180 days after the lock-up expires. Both announcements show management's confidence in the operation of the company.
36Kr Holdings is committed to service.China's new economyThe excellent brand and pioneering platform of the participants take the mission of empowering the participants in the new economy to achieve higher achievements. On November 8, 2019, 36Kr Holdings officially landed on NASDAQ.