Financial Data and Key Metrics Changes - Total revenues decreased by 60% year-over-year and 7% quarter-to-quarter to RMB 335 million in Q3 2020, primarily due to a decline in overseas business and loss of partnerships with Facebook and Google [5][14] - Non-GAAP operating loss narrowed to RMB 119 million from RMB 220 million in the same period last year and RMB 133 million in the previous quarter [6][17] - Gross margin expanded to 59% in Q3 2020 from 60% in the same period last year [17] Business Line Data and Key Metrics Changes - Revenues from utility products and related services decreased by 47% year-over-year and 5% quarter-over-quarter to RMB 186 million, representing 51% of total revenue [15] - Daily PC revenues from membership subscription fees increased 14 times year-over-year and 42% quarter-over-quarter, indicating a successful transition from an advertising model to a subscription model [7] - Revenues from mobile games business were RMB 158 million, representing 43% of total revenue, with expectations of significant shrinkage in Q4 due to disposed assets [15][16] Market Data and Key Metrics Changes - The company has shifted focus to the domestic market after losing significant overseas revenue sources [21] - The PC business is stabilizing, with a slight increase in user base, while the AI robotics business is recovering from COVID-19 impacts [22] Company Strategy and Development Direction - The company is focusing on AI-related robotics to build an ecosystem for long-term growth, with investments in the online education platform Codemao and partnerships with Beijing OrionStar [9][10] - The strategy emphasizes a pivot to the domestic market and subscription-based revenue models to counteract the challenges faced in overseas markets [21][22] Management Comments on Operating Environment and Future Outlook - Management acknowledges the challenges faced in 2020, particularly due to the removal from Google Play Store, but expresses optimism about regaining revenue growth in the domestic market [21] - The company expects total revenues for Q4 2020 to be between RMB 230 million and RMB 280 million, driven by utility products and services [11][16] Other Important Information - The company disposed of certain business and assets, resulting in a net cash gain of USD 21 million in the second half of 2020 [8] - As of September 30, 2020, the company had cash and cash equivalents of USD 235 million and long-term equity investments of USD 332 million, indicating a strong balance sheet [18] Q&A Session Summary Question: 2021 outlook and business trends across segments - Management highlighted that 2020 was a difficult year, especially after being removed from Google, but they are focusing on the domestic market and expect to regain increases in utility business [21] Question: AI business investment and cash balances - Management noted that AI investments primarily consist of R&D expenses and that the market is recovering, with expectations for growth in AI services next year [25][27]

Cheetah Mobile Inc. (NYSE:CMCM) Q2 2020 Results Earnings Conference Call August 18, 2020 8:00 AM ET Company Participants Helen Zhu - Investor Relations Director Fu Sheng - Chairman & Chief Executive Officer Thomas Ren - Chief Financial Officer Conference Call Participants Vicky Wei - Citi Operator Good day, everyone and welcome to the Cheetah Mobile's Second Quarter 2020 Conference Call. After today’s presentation, there will be an opportunity to ask questions. Please also note today's event is being record ...

Cheetah Mobile Inc. (NYSE:CMCM) Q1 2020 Earnings Conference Call June 10, 2020 8:00 AM ET Company Participants Helen Zhu - Investor Relations Director Fu Sheng - Chairman & Chief Executive Officer Thomas Ren - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Vicky Wei - Citi Operator Good day, and welcome to the Cheetah Mobile First Quarter 2020 Conference Call. All participants will be in a listen-only mode. After today’s presentation, there will be an opportunity to ask questi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SEC ...

Cheetah Mobile Inc. (NYSE:CMCM) Q4 2019 Earnings Conference Call March 24, 2020 8:00 AM ET Company Participants Helen Zhu – Investor Relations Director Fu Sheng – Chairman and Chief Executive Officer Thomas Ren – Chief Financial Officer Conference Call Participants Thomas Chong – Jefferies Vicky Wei – Citi Operator Good day, and welcome to the Cheetah Mobile Fourth Quarter and Full Year 2019 Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, ...

Cheetah Mobile Inc., (NYSE:CMCM) Q3 2019 Results Conference Call November 13, 2019 8:00 AM ET Company Participants Helen Zhu - Investors Relations Sheng Fu - Chairman and CEO Vincent Jiang - CFO Conference Call Participants Hillman Chan - Citigroup Robert Cowell - 86 Research Operator Good day and welcome to the Cheetah Mobile Third Quarter 2019 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask qu ...

Financial Data and Key Metrics Changes - Total revenues for Q2 2019 were RMB970 million, a decrease of 12% year-over-year [12] - Revenues from utility products and related services decreased by 44% year-over-year to RMB424 million [12] - Revenues from mobile entertainment increased by 50% year-over-year to RMB498 million, driven by a 109% growth in mobile games [13] - AI and other revenues grew by 236% year-over-year to RMB49 million [14] - Gross profit for the quarter was RMB643 million, with a gross margin of 66% [15] - Non-GAAP operating loss was RMB22 million, improved from RMB143 million in Q2 last year [15] Business Line Data and Key Metrics Changes - Utility products and related services generated an operating profit of RMB121 million, down from RMB282 million in Q2 last year [16] - Mobile entertainment business reported an operating loss of RMB68 million, reduced from RMB99 million in Q2 last year [16] - AI and other business segment had an operating loss of RMB74 million, increased from RMB41 million in Q2 last year [16] Market Data and Key Metrics Changes - The overall mobile casual game market increased by 100% year-over-year in June 2019 [6] - Mobile games business revenues grew by 88% year-over-year to RMB591 million [6] Company Strategy and Development Direction - The company is focusing on AI investments, despite the early stage of development, and aims to build a new growth engine around AI to enterprise services [11] - The company plans to continue investing in mobile games and utility products while exploring new monetization opportunities [10][11] - The company is optimistic about the long-term potential of its legacy mobile internet business [10] Management Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the utility product business due to past misleading statements and ongoing difficulties in resuming collaborations with partners [4] - The company expects to face continued challenges in growing utility product revenues in the second half of 2019 [4] - Management expressed confidence in the long-term prospects of the mobile entertainment business and AI investments [21][22] Other Important Information - The Board declared a cash dividend of US$0.5 per ADS, totaling about US$72 million [10] - The company had US$488 million in cash and cash equivalents as of Q2 2019 [17] Q&A Session Summary Question: Can management share more color for each of the business segment into third quarter? - Management indicated that utility products will see a slight decrease, while mobile entertainment and AI segments are expected to grow [22] Question: How should we think about the contribution from new initiatives and margin profile? - Management stated that while current margins are lower, they expect improvements in the long term as new initiatives take off [26] Question: Should we expect any M&A opportunities during the transition process? - Management is open to M&A opportunities but is focusing on smaller, strategic investments rather than large mature companies [25]

Cheetah Mobile, Inc. (NYSE:CMCM) Q1 2019 Results Earnings Conference Call June 14, 2019 8:00 AM ET Company Participants Helen Jing Zhu - Investor Relations Fu Sheng - Chairman and Chief Executive Officer Vincent Jiang - Chief Financial Officer Conference Call Participants Wendy Huang - Macquarie Hillman Chan - Citi Operator Good day and welcome to the Cheetah Mobile First Quarter 2019 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentatio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SEC ...