China's Aurora Mobile Q2 revenue rises on Developer Services growth
China's Aurora Mobile Q2 revenue rises on Developer Services growth
Overview
China customer engagement tech firm's Q2 revenue rose 13% yr/yr, driven by Developer Services
Adjusted net income and adjusted EBITDA for Q2 both increased yr/yr
Company repurchased 43,808 ADSs during the quarter
Outlook
Company did not provide specific guidance for future quarters or the full year
Result Drivers
DEVELOPER SERVICES GROWTH - Revenue rose 24% yr/yr in Developer Services, which offset a 16% decline in Vertical Applications
ENGAGELAB PERFORMANCE - EngageLab's ARR reached US$14.6 mln, up 170% yr/yr, marking its best quarter
COST STRUCTURE - Cost of revenues increased due to higher direct costs from overseas business, partly offset by lower media and message channel costs
Company press release: ID:nGNX8cgDlX
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| RMB 101.20 mln |
|
Q2 Adjusted Net Income |
| RMB 2.40 mln |
|
Q2 Net Income Attributable |
| RMB 1.9 mln |
|
Q2 Adjusted EBITDA |
| RMB 3.80 mln |
|
Q2 Income From Operations |
| RMB 1.60 mln |
|
Q2 Operating Expenses |
| RMB 67.60 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.)