Sound Group(US:SOGP)2022-08-19 06:13Business Overview - LIZHI's Q2 2022 total average mobile MAUs reached 49.7 million[12] - The average mobile MAUs for audio entertainment was 9.17 million[12, 21] - The user penetration rate for audio entertainment was 18.5%[19] - The average time spent daily on the App per user increased by 44% year-over-year in Q2 2022[23] - The number of friend pairs grew 1.4 times compared to the same period last year as of June 2022[23] - The group penetration rate grew 150% year-over-year in Q2 2022[23] Financial Highlights - LIZHI's Q2 2022 net revenues were RMB 516 million[12, 33] - The gross margin for Q2 2022 was 34%, a +600bps increase[12] - The company achieved an operating income margin of 2.7% and a net income margin of 3.7% in Q2 2022[37, 38] - Non-GAAP net income attributable to LIZHI INC.'s ordinary shareholders for Q2 2022 was RMB 25.961 million[43]