Cheetah Mobile Q2 FY26 operating loss widens to RMB 33.6 million; revenue falls 9.9% YoY to RMB 266.1 million
CMCM•Q2 revenue declines while operating loss widens
Cheetah Mobile posted Q2 2026 revenue of RMB 266.1 million, down 9.9% year over year and up 2.7% quarter over quarter.
Operating loss widened to RMB 33.6 million from RMB 11.1 million a year earlier. Non-GAAP operating loss widened to RMB 25.6 million.
Segment performance mixed across enterprise services, advertising and robotics
Global Enterprise Services revenue fell 23.3% year over year to RMB 81.1 million, despite cloud and AI infrastructure revenue more than doubling to RMB 59.1 million.
Advertising agency services revenue slumped 70% year over year to RMB 22 million, hit by rebate policy changes at a major global ad platform.
Robotics and others revenue climbed 72.5% year over year to RMB 54.5 million, helped by UFACTORY, which was acquired in July 2025.
