Qutoutiao Inc. Reports Third Quarter 2019 Unaudited Financial Results
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Qutoutiao (QTT) Misses Q3 EPS by 14c
December 3, 2019 6:13 AM ESTQutoutiao (NASDAQ: QTT) reported Q3 EPS of ($0.49), $0.14 worse than the analyst estimate of ($0.35). Revenue for the quarter came in at $196.8 million versus the consensus estimate of $196.4 million.
Third Quarter 2019 Highlights
Combined average MAUs1 reached 133.9 million, representing an increase of 105.3% from 65.2 million in the third quarter of 2018, compared to 119.3 million in the previous quarter.Combined average DAUs2 reached 42.1 million, representing an increase of 97.7% from 21.3 million in the third quarter of 2018, compared to 38.7 million in the previous quarter.Average daily time spent per DAU was 61.3 minutes, compared to 55.9 minutes in the third quarter... More