Qutoutiao Inc. (QTT)

Qutoutiao Income Statement

Financials in millions CNY. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Revenue	4,340	4,340	5,285	5,570	3,022	517.05
Revenue Growth (YoY)	-17.89%	-17.89%	-5.11%	84.31%	484.49%	792.17%
Cost of Revenue	1,172	1,172	1,674	1,641	503.61	76.48
Gross Profit	3,168	3,168	3,611	3,929	2,519	440.57
Selling, General & Admin	3,916	3,916	3,774	5,757	4,231	520.67
Research & Development	551.61	551.61	947.87	926.23	270.11	15.32
Other Operating Expenses	-106.1	-106.1	-79.3	-30.29	-0.72	0
Operating Expenses	4,361	4,361	4,643	6,653	4,500	535.99
Operating Income	-1,193	-1,193	-1,032	-2,723	-1,982	-95.42
Interest Expense / Income	32.3	32.3	27.72	26.88	0	0
Other Expense / Income	11.04	11.04	45.55	-66.27	-38.64	-0.66
Pretax Income	-1,237	-1,237	-1,105	-2,684	-1,943	-94.76
Income Tax	3.05	3.05	-1.01	4.84	-0.4	0
Net Income	-1,240	-1,240	-1,104	-2,689	-1,943	-94.76
Preferred Dividends	108.9	108.9	33.44	20.55	86.37	6.01
Net Income Common	-1,349	-1,349	-1,138	-2,709	-2,029	-100.77
Shares Outstanding (Basic)	76	76	73	69	39	26
Shares Outstanding (Diluted)	-	-	73	69	39	26
Shares Change	4.83%	4.83%	5.47%	78.54%	50.76%	6.15%
EPS (Basic)	-	-	-39.23	-98.53	-131.72	-9.88
EPS (Diluted)	-	-	-39.23	-98.53	-131.72	-9.88
Free Cash Flow	-	-	-872.99	-2,389	-449.51	127.68
Free Cash Flow Per Share	-	-	-30.10	-86.86	-29.18	12.50
Gross Margin	73.00%	73.00%	68.32%	70.55%	83.34%	85.21%
Operating Margin	-27.50%	-27.50%	-19.53%	-48.89%	-65.57%	-18.45%
Profit Margin	-31.07%	-31.07%	-21.53%	-48.64%	-67.14%	-19.49%
Free Cash Flow Margin	-	-	-16.52%	-42.88%	-14.87%	24.69%
EBITDA	-	-	-1,011	-2,593	-1,937	-94.43
EBITDA Margin	-	-	-19.14%	-46.55%	-64.10%	-18.26%
Depreciation & Amortization	-	-	66.37	64.07	5.89	0.33
EBIT	-1,204	-1,204	-1,078	-2,657	-1,943	-94.76
EBIT Margin	-27.75%	-27.75%	-20.39%	-47.70%	-64.29%	-18.33%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).