Cheetah mobile announces fourth quarter 2019 and full year 2019 unaudited consolidated financial results

Cheetah mobile announces fourth quarter 2019 and full year 2019 unaudited consolidated financial results.q4 revenue rose 55.7 percent to rmb 612 million.basic/diluted loss per ads was rmb5.98 (us$0.86) in q4 of 2019.are currently facing some difficulties in legacy mobile internet business.challenges are not causing any damage to company at systemic level.looking into 2020, will continue to implement prudent cost-saving measures.booked a goodwill impairment charge of rmb545.7 million (us$78.4 million) in q4 of 2019..for q1 , expects total revenues to be between rmb490 million (us$70 million) and rmb540 million (us$78 million).expects ability to attract new users and generate revenue from google may be materially adversely affected from feb 2020.was recently notified that google was unable to reinstate its accounts after a thorough review of its appeal.company will continue to communicate with google.
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