The chart below shows how JG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, JG sees a -2.04% change in stock price 10 days leading up to the earnings, and a +7.83% change 10 days following the report. On the earnings day itself, the stock moves by -1.11%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Consistent EBITDA Growth: We recorded the fifth consecutive quarterly press release adjusted EBITDA.
Developer Subscription Revenue Growth: Developer subscription revenue recorded both 7% growth quarter-over-quarter and 11% growth year-over-year.
Record Quarterly Revenue: The quarterly revenue has exceeded RMB 15 million for the first time in history.
Engage Lab Growth Metrics: Our Engage Lab business continues to shine in terms of customer numbers and cumulative signed contract value, where they grew 42% and 23% quarter-over-quarter, respectively.
Record Cash Inflow: We recorded net operating cash inflow of RMB 12.3 million, being the highest level in the past 16 quarters.
Negative
Revenue Decline in Vertical Segment: In Q3, the company reported a 6% decrease in revenue quarter-over-quarter and a 4% decrease year-over-year in its vertical application segment.
Market Intelligence Revenue Decline: Market Intelligence revenue decreased by 41% year-over-year and 22% quarter-over-quarter due to weak market demand for Chinese APP data.
R&D Expense Reduction: R&D expenses decreased by 26% year-over-year to RMB 24.2 million, primarily due to lower headcount reducing salary costs.
Marketing Expense Increase: Selling and marketing expenses increased by 3% year-over-year to RMB 22.4 million, mainly due to increased sales commissions and traveling expenses.
G&A Expense Increase: G&A expenses increased by 92% year-over-year to RMB 10.4 million, primarily due to a one-off gain from the disposal of fixed assets last year that was not present in Q3 of this year.
Aurora Mobile Limited (JG) Q3 2024 Earnings Call Transcript
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