Qutoutiao Income Statement 2024-2011 | QTT

Brief overview of financial results at Qutoutiao

This overview is based on financial performance over the past five years. Revenue reported by Qutoutiao was 58 million yuan at the beginning of the period and 4.3 billion yuan at the end. Overall revenue changed by +7388%, equal to an annualized rate of about 137.1%. The annual growth rate indicates an exceptionally strong top-line trend.

Gross profit changed from 50.8 million yuan to 3.2 billion yuan (+6139.1%). The cost base moved against the top-line trend and weighed on the gross result. Comparing the endpoints gives gross margins of 87.6% and 73%. Weakening gross profitability reduces the quality of the top-line trend.

The operating result measured by EBITDA moved from −10.9 million yuan to −1.2 billion yuan, or −10755.4%. Changes in revenue did not translate into comparable EBITDA performance. The EBITDA share of revenue changed from −18.8% to −27.2%. The margin contraction indicates weaker operating efficiency.

Comparing the endpoints shows a move from −10.9 million yuan to −1.2 billion yuan. The negative result deepened, showing weaker final efficiency.

Financial takeaway

The results contain several connected negative signals. The positive side is supported by revenue expansion. The weaker side of the profile includes a lower gross margin, a narrow EBITDA buffer and lower net income. The key question is whether sales can be converted into sustainable profit.