猎豹移动：二季度实现营收2.95亿元

Core Insights - Cheetah Mobile reported a strong Q2 2025 performance with revenue of 295 million yuan, a year-on-year increase of 57.5% and a quarter-on-quarter increase of 14.0% [1] - The company achieved an operating loss of 11.1 million yuan, which is a significant improvement, with a year-on-year decrease of 85.7% and a quarter-on-quarter decrease of 58.3% [1] - Cash flow from operating activities was 362 million yuan, and as of June 30, 2025, the company had cash and cash equivalents of 2.02 billion yuan and long-term investments of 791 million yuan [1] Revenue Breakdown - Internet business revenue reached 158 million yuan, reflecting a year-on-year growth of 38.8%, driven by a successful transition from an advertising model to a subscription model, with subscription services now accounting for over 60% of internet revenue [1] - Revenue from AI and other businesses was 137 million yuan, showing a year-on-year increase of 86.4%, with a focus on service robots in key application areas such as exhibitions, elderly care, healthcare, and education [1] - The company has strengthened its differentiated advantages in voice interaction robots through its self-developed Orion Star AgentOS robot system and refined ecological operations [1] Strategic Moves - In July, Cheetah Mobile completed a strategic acquisition of the lightweight collaborative robot company UFACTORY, which is expected to significantly enhance the growth of its robotics business [1][2] - The CEO highlighted that the recent quarter marked the best single-quarter performance since 2021, indicating robust revenue growth and notable profitability improvements [2]