Cheetah Mobile revenue falls as AI grows

• Cheetah Mobile (NYSE:CMCM) reported second-quarter 2026 revenue of RMB266.1 million, down 9.9% year over year.
• Cloud and AI infrastructure revenue increased 83.1% year over year to RMB59.1 million.
• Robotics and other revenue rose 72.5% to RMB54.5 million, while operating loss widened to RMB33.6 million.

Cheetah Mobile (NYSE:CMCM) reported second-quarter 2026 revenue of RMB266.1 million, down 9.9% year over year but up 2.7% from the previous quarter.

The decline was mainly driven by lower advertising agency services revenue, which fell 70% year over year to RMB22 million, while newer technology businesses recorded growth.

Cloud and AI infrastructure revenue increased 83.1% year over year and 26.2% quarter over quarter to RMB59.1 million, representing 22.2% of total revenue.

Robotics and other revenue increased 72.5% year over year to RMB54.5 million, while Internet value-added services revenue increased 6.7% to RMB101.2 million.

Cheetah Mobile reported an operating loss of RMB33.6 million, a non-GAAP operating loss of RMB25.6 million, and cash and cash equivalents of RMB1,271.0 million.