Aurora Mobile Ltd (NAS:JG)
$ 5.01 -0.35 (-6.53%) Market Cap: 30.01 Mil Enterprise Value: 23.52 Mil PE Ratio: 0 PB Ratio: 3.02 GF Score: 53/100
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Q2 2024 Aurora Mobile Ltd Earnings Call Transcript

Aug 29, 2024 / 11:30AM GMT
Release Date Price: $3.82 (+3.45%)

Key Points

Positve
  • Aurora Mobile Ltd (JG) recorded its fourth consecutive quarter of positive adjusted EBITDA, a significant milestone since its IPO in 2018.
  • Developer subscription revenue grew by 14% quarter-over-quarter and 19% year-over-year.
  • Total group revenue increased by 23% quarter-over-quarter and 8% year-over-year.
  • EngageLab business saw a remarkable revenue growth of over 500% year-over-year and 59% quarter-over-quarter.
  • Financial Risk Management revenue grew by 34% year-over-year and 28% quarter-over-quarter, driven by a 30% increase in customer numbers.
Negative
  • Value-added services revenue decreased by 28% year-over-year, despite a 245% increase quarter-over-quarter.
  • Market Intelligence revenue declined by 27% year-over-year and 9% quarter-over-quarter due to weak market demand for Chinese app data.
  • Operating expenses increased by 3% quarter-over-quarter, despite a 15% decrease year-over-year.
  • R&D expenses decreased by 22% year-over-year, indicating potential underinvestment in innovation.
  • The company faces ongoing challenges in maintaining growth momentum amidst a relatively soft overall economy.
Operator

Ladies and gentlemen, thank you for standing by and welcome to the Aurora Mobile second-quarter 2024 earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to turn the conference over to your host today, Rene Vanguestaine. Thank you. Please go ahead, sir.

Bong Shan;Nen
Aurora Mobile Ltd - Chief Financial Officer

Rene, go ahead.

Rene Vanguestaine. Aurora Mobile Ltd;IR

Shan-Nen, we can start?

Bong Shan;Nen
Aurora Mobile Ltd - Chief Financial Officer

Yes, yes, go to the statement.

Rene Vanguestaine. Aurora Mobile Ltd;IR

Heidi, go ahead. Hello, thank you. Hello, everyone and thank you for joining us today. Aurora Mobile's earnings release was distributed earlier today and is available on the IR website at ir.jiguang.cn. On the call today are Mr. Weidong Luo, Chairman and Chief Executive Officer; Mr. Shan-Nen

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