2025-11-13 10:04User Metrics - Daily active users reached 117.3 million, a year-over-year increase of 9%[11] - Monthly active users grew to 376 million, a year-over-year increase of 8%[11] - Average daily usage time per user was 112 minutes, an increase of 6 minutes year-over-year[11] Financial Performance - Total net revenue amounted to RMB 7.69 billion (USD 1.08 billion), a year-over-year increase of 5%[12] - Advertising revenue was RMB 2.57 billion (USD 361.0 million), a year-over-year increase of 23%[13] - Gross profit was RMB 2.82 billion (USD 395.8 million), a year-over-year increase of 11%, with a gross margin of 36.7%[11] - Net profit reached RMB 469.4 million (USD 65.9 million), compared to a net loss of RMB 798 million in the same period last year[11] - Adjusted net profit was RMB 786.3 million (USD 110.5 million), a year-over-year increase of 233%[12] Revenue Breakdown - Value-added services revenue was RMB 3.02 billion (USD 424.6 million), a year-over-year increase of 7%[12] - Mobile gaming revenue decreased by 17% to RMB 1.51 billion (USD 212.2 million) due to high base effects from the previous year[13] Operating Expenses - Total operating expenses amounted to RMB 2.46 billion (USD 346.1 million), a decrease of 6% compared to the same period in 2024[14] - Sales and marketing expenses were RMB 1.05 billion (USD 147.6 million), down 13% year-over-year due to reduced gaming marketing expenditures[15] Profitability - Operating profit was RMB 353.9 million (USD 49.7 million), compared to an operating loss of RMB 66.7 million in the same period of 2024[15] - Adjusted operating profit increased by 153% to RMB 687.9 million (USD 96.6 million) compared to the same period in 2024[15] - Adjusted net profit increased by 233% to RMB 786.3 million (USD 110.5 million) compared to the same period in 2024[16] Cash and Investments - Cash and cash equivalents, along with short-term investments, totaled RMB 23.49 billion (USD 3.30 billion) as of September 30, 2025[16] - The company repurchased a total of 6.4 million shares at a total cost of USD 116.4 million under a two-year USD 200 million share repurchase plan approved by the board[17] Earnings Per Share - Basic and diluted earnings per share were RMB 1.13 (USD 0.16) and RMB 1.05 (USD 0.15), respectively, compared to a basic and diluted loss per share of RMB 0.19 in the same period of 2024[16] Future Outlook - The company expects to continue expanding its user base and enhancing content quality, which is crucial for future revenue growth[25] Assets and Liabilities - Total assets increased from RMB 32.70 billion in 2024 to RMB 39.93 billion in 2025, representing a growth of approximately 22.0%[32] - Total liabilities increased from RMB 18.59 billion in 2024 to RMB 25.04 billion in 2025, marking a rise of approximately 34.7%[32] - The company’s equity attributable to shareholders increased from RMB 14.10 billion in 2024 to RMB 14.89 billion in 2025, a growth of about 5.5%[32] - The company’s long-term debt surged from RMB 3.26 billion in 2024 to RMB 8.06 billion in 2025, an increase of approximately 147.0%[32] Conference Call - The company will hold an earnings conference call on November 13, 2025, at 7 AM ET[19]