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Cheetah Mobile Announces Third Quarter 2021 Unaudited Consolidated Financial Results Nov 24 , 2021 BEIJING , Nov. 24 , 2021 // -- Cheetah Mobile Inc. ( NYSE : CMCM ) ( " Cheetah Mobile " or the " Company " ) , a leading internet company , today announced its unaudited consolidated financial results for the third quarter 2021 ended September 30 , 2021 . Management Commentary . Mr. Sheng Fu , Cheetah Mobile's Chairman and Chief Executive Officer , stated , " Cheetah Mobile's total revenue in the third quarter of 2021 was RMB196.1 million ( USD30.4 million ) , which is consistent with our previous guidance . In this quarter , we successfully consolidated the gains of transforming our internet business from a single advertising model to a diversified model of advertising plus subscription . The numbers of our membership kept a double - digit growth . Additionally , we are delighted to see that revenues from our membership business have increased for more than 5 quarters consecutively . For our Al business , GMV ( Gross Merchandise Volume ) and revenues from shopping - mall coupon - selling robots have been up for several months in a row , which again verified this business model . We are highly confident in our business strategies and will achieve our goals step by step . " Mr. Thomas Ren , Cheetah Mobile's Chief Financial Officer , commented , " Despite the sales boom on June 18 in the second quarter , we managed to keep our Non - GAAP operating loss flat at RMB58.5 million ( US $ 9.1 million ) in this quarter . This result shows that we have been strictly and effectively controlling expenses to operate efficiently . We ended this quarter with RMB1,853 million ( US $ 288 million ) in cash and cash equivalents , restricted cash and short - term investments . The adequate cash balance is critical for us to follow our long - term development plans and achieve our strategic goals . " Third Quarter 2021 Consolidated Financial Results REVENUES Total revenues were RMB196.1 million ( US $ 30.4 million ) in the third quarter of 2021 , representing a decrease of 46.3 % year over year and 7.4 % quarter over quarter . As a result of the Company's ongoing business streamlining efforts , the Company realigned its segments based on the change of the way that the management assessed the Company's segment performance . The Company's overseas advertising agency services , which assists domestic companies to launch advertisement on overseas advertising platforms , are changed from the Internet business into Al and others due to the synergies created between the Company's advertising agency services and global cloud services . Consequently , the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments . Revenues from the Company's internet business decreased by 50.8 % year over year and 15.5 % quarter over quarter to RMB160.5 million ( US $ 24.9 million ) in the third quarter of 2021. The year - over - year decrease was due to the Company's strategic efforts to diminish the game - related business in past quarters . The quarter - over- quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due to June 18 promotional events and no such promotional event occurred in the third quarter of 2021 . Revenues from the Al and others were RMB35.6 million ( US $ 5.5 million ) in the third quarter of 2021 , representing a 8.8 % year - over - year decrease and a 62.8 % quarter - over - quarter increase . The year - over - year decline was primarily attributable to the drop in sales of Al - related hardware products . The quarter - over - quarter increase was from our shopping - mall coupon - selling robots business as well as our global cloud services . COST OF REVENUES AND GROSS PROFIT