Qutoutiao Inc. Provides Earnings Guidance for the Third Quarter of 2020
September 21, 2020 at 04:10 pm EDT
Qutoutiao Inc. provided earnings guidance for the third quarter of 2020. For the period, the company expects net revenues to be between RMB 1,130 million and RMB 1,150 million, representing a decrease of 18% to 20% year-over-year. The company also expects loss from operations to be narrowed significantly on a year-over-year basis and flat on a quarter-over-quarter basis. This outlook reflects Qutoutiao’s current and preliminary view including preliminary assessment on the potential impacts from the CCTV Report, which is subject to uncertainty.