Overview
China customer engagement tech firm's Q1 revenue rose 5% yr/yr, led by Developer Services growth
Company posted Q1 net income after loss in prior-year period
Company repurchased 41,683 ADSs in Q1 as part of ongoing buyback program
Outlook
Company did not provide specific financial guidance for the current or upcoming periods
Result Drivers
DEVELOPER SERVICES GROWTH - Revenue growth was mainly driven by a 15% increase in Developer Services revenue, with Core Developer Subscription Service revenue reaching a record high
ENGAGELAB MOMENTUM - EngageLab’s annual recurring revenue for March 2026 rose 172% yr/yr, supporting overall business growth
COST REDUCTIONS - Decrease in cost of revenues, mainly from lower media and other direct costs, contributed to higher gross profit and gross margin
Company press release: ID:nGNX7vbkb1
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
RMB 93.3 mln
Q1 Adjusted Net Income
RMB 1.6 mln
Q1 Net Income
RMB 1.2 mln
Q1 Adjusted EBITDA
RMB 2.9 mln
Q1 Income From Operations
RMB 476,000
Q1 Operating Expenses
RMB 66.1 mln
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)