Qutoutiao Inc
NASDAQ:QTT
Income Statement
Earnings Waterfall
Qutoutiao Inc
Revenue
|
4.3B
CNY
|
Cost of Revenue
|
-1.2B
CNY
|
Gross Profit
|
3.2B
CNY
|
Operating Expenses
|
-4.5B
CNY
|
Operating Income
|
-1.3B
CNY
|
Other Expenses
|
-49.2m
CNY
|
Net Income
|
-1.3B
CNY
|
Income Statement
Qutoutiao Inc
Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||
Revenue |
141
N/A
|
287
+104%
|
517
+80%
|
717
+39%
|
1 128
+57%
|
2 045
+81%
|
2 927
+43%
|
3 832
+31%
|
5 239
+37%
|
5 570
+6%
|
5 863
+5%
|
5 918
+1%
|
5 641
-5%
|
5 285
-6%
|
5 164
-2%
|
4 925
-5%
|
4 761
-3%
|
4 340
-9%
|
|
Gross Profit | |||||||||||||||||||
Cost of Revenue |
(14)
|
(33)
|
(76)
|
(137)
|
(212)
|
(350)
|
(565)
|
(844)
|
(1 341)
|
(1 641)
|
(1 822)
|
(1 861)
|
(1 737)
|
(1 675)
|
(1 595)
|
(1 523)
|
(1 419)
|
(1 172)
|
|
Gross Profit |
127
N/A
|
254
+100%
|
441
+73%
|
580
+32%
|
915
+58%
|
1 695
+85%
|
2 362
+39%
|
2 987
+26%
|
3 898
+30%
|
3 930
+1%
|
4 041
+3%
|
4 057
+0%
|
3 905
-4%
|
3 611
-8%
|
3 570
-1%
|
3 403
-5%
|
3 342
-2%
|
3 168
-5%
|
|
Operating Income | |||||||||||||||||||
Operating Expenses |
(172)
|
(304)
|
(536)
|
(965)
|
(1 504)
|
(2 634)
|
(3 696)
|
(4 684)
|
(6 506)
|
(6 684)
|
(6 610)
|
(6 258)
|
(5 466)
|
(4 722)
|
(4 348)
|
(4 224)
|
(4 489)
|
(4 467)
|
|
Selling, General & Administrative |
(167)
|
(296)
|
(521)
|
(931)
|
(1 429)
|
(2 444)
|
(3 371)
|
(4 180)
|
(5 741)
|
(5 757)
|
(5 558)
|
(5 203)
|
(4 430)
|
(3 774)
|
(3 495)
|
(3 459)
|
(3 827)
|
(3 916)
|
|
Research & Development |
(5)
|
(8)
|
(15)
|
(34)
|
(75)
|
(190)
|
(326)
|
(504)
|
(765)
|
(926)
|
(1 052)
|
(1 055)
|
(1 036)
|
(948)
|
(854)
|
(766)
|
(663)
|
(552)
|
|
Operating Income |
(45)
N/A
|
(50)
-11%
|
(95)
-92%
|
(386)
-305%
|
(588)
-53%
|
(939)
-60%
|
(1 334)
-42%
|
(1 697)
-27%
|
(2 608)
-54%
|
(2 754)
-6%
|
(2 569)
+7%
|
(2 201)
+14%
|
(1 561)
+29%
|
(1 111)
+29%
|
(779)
+30%
|
(821)
-5%
|
(1 148)
-40%
|
(1 299)
-13%
|
|
Pre-Tax Income | |||||||||||||||||||
Interest Income Expense |
0
|
0
|
1
|
0
|
8
|
25
|
35
|
37
|
42
|
30
|
(3)
|
(40)
|
(70)
|
(67)
|
(52)
|
(33)
|
(15)
|
(68)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
1
|
1
|
12
|
24
|
31
|
37
|
51
|
64
|
79
|
104
|
112
|
112
|
106
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
4
|
9
|
8
|
3
|
(0)
|
(7)
|
2
|
30
|
27
|
28
|
|
Pre-Tax Income |
(44)
N/A
|
(49)
-11%
|
(95)
-92%
|
(385)
-307%
|
(581)
-51%
|
(913)
-57%
|
(1 299)
-42%
|
(1 649)
-27%
|
(2 538)
-54%
|
(2 684)
-6%
|
(2 526)
+6%
|
(2 186)
+13%
|
(1 569)
+28%
|
(1 106)
+29%
|
(725)
+34%
|
(713)
+2%
|
(1 024)
-44%
|
(1 234)
-21%
|
|
Net Income | |||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
2
|
(5)
|
(7)
|
(7)
|
(6)
|
1
|
2
|
3
|
0
|
(3)
|
|
Income from Continuing Operations |
(44)
|
(49)
|
(95)
|
(385)
|
(581)
|
(912)
|
(1 298)
|
(1 648)
|
(2 536)
|
(2 689)
|
(2 533)
|
(2 194)
|
(1 575)
|
(1 105)
|
(722)
|
(710)
|
(1 023)
|
(1 237)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
|
Net Income (Common) |
(44)
N/A
|
(49)
-11%
|
(101)
-104%
|
(408)
-305%
|
(647)
-59%
|
(974)
-50%
|
(1 345)
-38%
|
(1 653)
-23%
|
(2 545)
-54%
|
(2 709)
-6%
|
(2 562)
+5%
|
(2 232)
+13%
|
(1 622)
+27%
|
(1 138)
+30%
|
(769)
+32%
|
(771)
0%
|
(1 101)
-43%
|
(1 349)
-22%
|
|
EPS (Diluted) |
-1.15
N/A
|
-1.27
-10%
|
-2.6
-105%
|
-10.55
-306%
|
-16.73
-59%
|
-40.92
-145%
|
-21.76
+47%
|
-24.27
-12%
|
-40.33
-66%
|
-31.28
+22%
|
-35.89
-15%
|
-30.96
+14%
|
-22.16
+28%
|
-15.31
+31%
|
-102.74
-571%
|
-102.98
0%
|
-14.7
+86%
|
-17.2
-17%
|