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Cheetah Mobile Inc. (CMCM) Q3 2025 Earnings Call Transcript

Cheetah Mobile Inc. (CMCM) Q3 2025 Earnings Call November 26, 2025 6:00 AM EST

Company Participants

Jing Zhu – IR Director
Sheng Fu – Chairman of the Board & CEO
Thomas Jintao Ren – CFO & Director

Conference Call Participants

Thomas Chong – Jefferies LLC, Research Division
Yi Jing Wei – Citigroup Inc., Research Division
Zeping Zhao – ICBC International Research Limited
Joanna Ma – CMB International Securities Limited, Research Division

Presentation

Operator

Good day, and welcome to the Cheetah Mobile Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note today’s event is being recorded.

I would now like to turn the conference over to Helen, Investor Relations for Cheetah Mobile. Please go ahead, Helen.

Jing Zhu
IR Director

Thank you, operator. Welcome to Cheetah Mobile’s Third Quarter 2025 Earnings Conference Call. With us today are our company’s Chairman and CEO, Mr. Fu Sheng; and our company’s Director and CFO, Mr. Thomas Ren. Following management’s prepared remarks, we will conduct a Q&A section. Please note the management’s script will be presented by an AI agent.

Before we begin, I refer you to the safe harbor statement in our earnings release, which also applies to our conference call today. Management will make forward-looking statements.

At this time, I will now turn the conference call over to our Chairman and CEO, Mr. Fu Sheng. Fu Sheng, please go ahead.

Sheng Fu
Chairman of the Board & CEO

Good day, everyone, and thank you for joining Cheetah Mobile’s Third Quarter 2025 Earnings Call. I’m Fu Sheng, the CEO of Cheetah Mobile. I’m very happy to report that our turnaround efforts are paying off. We hit quarterly breakeven ahead of expectations. In Q3, we made an operating profit — first time in 6 years. We believe we are well positioned to approach breakeven for the full year 2025. At the same time, our growth stayed strong in Q3, building on

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