Q2 2024 36Kr Holdings Inc Earnings Call Transcript
Key Points
- Online advertising services ARPU rose by 22% year over year.
- Subscription services ARPU among institutional customers increased by 8% year over year.
- The company had over 33.28 million followers, a 9% increase year over year.
- Short video followers increased to over 9.2 million, with 2.3 million on Bilibili alone.
- Successful launch of major event IPs like the Advanced Productivity AI Partner Summit and WAVES Summit, attracting significant viewership.
- Total revenues decreased to RMB102.4 million from RMB139.9 million in the same period last year.
- Online advertising services revenues fell to RMB80.4 million from RMB98.9 million year over year.
- Enterprise value-added services revenues dropped to RMB13.4 million from RMB26.8 million year over year.
- Subscription services revenues decreased to RMB8.6 million from RMB14.2 million year over year.
- Net loss increased to RMB95.9 million from RMB52.7 million in the same period last year.
Hello, ladies and gentlemen, thank you for standing by for 36Kr Holdings Inc's 2024 first half year earnings conference call. (Operator Instructions) Today's conference call is being recorded. I will now turn the call over to your host, Xin Wang, IR manager of the company. Please go ahead, Xin.
Thank you very much. Hello, everyone, and welcome to 36Kr Holdings first half 2024 earnings conference call. The company's financial and operational results were released earlier today and have been made available online. You can also view the earnings press release by visiting the IR section of our website at ir.36kr.com.
Participants on today's call will include our Co-Chairman and CEO, Mr. Dagang Feng, and our Chief Financial Officer, Mr. Xiang Li. Mr. Feng will start the call by providing an overview of the company and the performance highlights of the first half in Chinese, followed by an English interpretation. Mr. Li will then provide details on the company's financial results before opening the
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