Interesting headlines in the second quarter revenue of 1.202 billion yuan, in line with market expectations

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Tencent technology news on September 7, qutoutiao (NASDAQ: qtt) announced the financial report for the second quarter of 2021. The financial report showed that the operating revenue of qutoutiao in the second quarter reached 1.202 billion yuan, which was in line with market expectations. The ARPU value of overall users of interesting headlines still increased by 24.32% year-on-year.
In terms of profitability, with the continuous improvement of profitability, other businesses of interest headlines achieved profitability for three consecutive quarters except meter reading.
Tan siliang, founder and CEO of interesting headlines, said: “with the firm implementation of the strategy of long-term ism and improving the health of the platform, the performance in the second quarter basically met our expectations, and meter reading also developed rapidly on the established track. This year marks the fifth anniversary of our founding. We are one step closer to achieving profit and loss balance. Considering the long-term development of the company in the future and ensuring the steady progress of our existing business, we will promote internal innovation and create greater value for users, society, shareholders and employees. ”
In terms of meter reading, the number of IP short plays developed by meter reading has reached 44, the total number of short plays played on the whole network has exceeded 4.8 billion, an increase of 41.18% month on month, and the total number of fans on the whole network is nearly 20 million, an increase of 25% month on month. By June 2021, the number of signed authors of meter reading had increased by 52.4% year-on-year, and the number of original works had increased by 24.84% year-on-year.
In terms of organization, qutoutiao established an innovation incubation project management committee to promote the growth of innovation projects through the overall management of the establishment and evaluation of innovation projects, the resumption of target completion and the subsequent shutdown and transfer. In terms of capital, qutoutiao plans to invest tens of millions of yuan in the initial stage of each innovation project. For innovation projects that achieve phased objectives, qutoutiao will provide cash, options and other incentives.