iHuman Reports Q3 Revenue of RMB 205.8 Million, Marks 15th Consecutive Quarter of Profitability
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: PRnewswire
- Revenue Performance: iHuman reported Q3 revenues of RMB 205.8 million (approximately $28.9 million), down from RMB 239.4 million in the same period last year, primarily due to a decline in China's newborn population and cautious consumer spending, highlighting challenges in the market environment.
- User Engagement Decline: Average monthly active users (MAUs) stood at 26.13 million, a decrease from 29.12 million year-over-year, reflecting pressure on user growth and the need for enhanced user retention and market expansion strategies.
- Cost Control: The cost of revenues for the quarter was RMB 65.1 million, down from RMB 75.5 million in the prior year, indicating improved operational efficiency, as the company maintained a relatively stable gross margin of 68.3% despite the revenue decline.
- Sustained Profitability: iHuman reported a net income of RMB 21.6 million (approximately $3.0 million), down from RMB 25.1 million year-over-year, yet the achievement of 15 consecutive quarters of profitability demonstrates the company's resilience and potential for sustainable growth in an uncertain market.
IH
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About IH
iHuman Inc is a holding company primarily engaged in the provision of tech-powered, intellectual development products for children. The products primarily include interactive and self-directed apps, offline products and others, as well as animated content and derivative offerings. The interactive and self-directed apps are offered under the brands iHuman bekids and Aha World. The apps primarily include iHuman Chinese, iHuman ABC, iHuman Pinyin, iHuman Magic Thinking, iHuman Books, iHuman Stories, iHumanpedia, bekids Coding, bekids Coloring, bekids Reading, bekids Puzzle, Aha World and Aha Makeover. The Company is also engaged in the development of stimulating materials, including books, interactive materials and smart devices for children. The Company operates its businesses in the domestic market and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
