Business
Scienjoy Holding Corporation Reports Interim Nine months ended September 30, 2022 Unaudited Financial Results
Revenues up 21.2% Year Over Year Income from Operations up 15.3% Year Over Year BEIJING, Dec. 12, 2022 /PRNewswire/ -- Scienjoy Holding Corporation
About this update from Scienjoy Holding Corporation
[{"type":"text","content":"Revenues up 21.2% Year Over Year\nIncome from Operations up 15.3% Year Over Year\nBEIJING, Dec. 12, 2022 /PRNewswire/ -- Scienjoy Holding Corporation (\"Scienjoy\", the \"Company\", or \"We\") (NASDAQ: SJ), a leading live entertainment mobile streaming platform in China, today announced its unaudited financial results for the nine months ended September 30, 2022.\nNine Months 2022 Operating and Financial Highlights\nTotal net revenues increased by 21.2% to RMB1,419.4 million (US$199.5 million) for the nine months ended September 30, 2022 from RMB1,171.2 million in the same period of 2021.Gross profit increased by 19.7% to RMB278.2 million (US$39.1 million) for the nine months ended September 30, 2022 from RMB232.4 million in the same period of 2021.Income from operations increased by 15.3% to RMB169.3 million (US$23.8 million) for the nine months ended September 30, 2022 from RMB146.8 million in the same period of 2021.Net income attributable to the Company's shareholders was RMB189.4 million (US$26.6 million) for the nine months ended September 30, 2022, compared to RMB237.5 million in the same period of 2021.Adjusted net income attributable to the Company's shareholders was RMB172.5 million (US$24.2 million) for the nine months ended September 30, 2022, compared RMB182.6 million in the same period of 2021.Total paying users were 596,449 for the nine months ended September 30, 2022, compared to 648,465 in the same period of 2021.Active broadcasters were 126,518 for the nine months ended September 30, 2022, compared to 250,497 in the same period of 2021.As of September 30, 2022, the Company had cash and cash equivalents of RMB158.8 million (US$22.3 million), compared to RMB240.9 million as of December 31, 2021.Mr. Victor He, Chairman and Chief Executive Officer of Scienjoy, commented, \"During the nine months ended September 2022, we generated another record financials with total net revenues and income from operations increased by 21.2% and 15.3%, respectively, compared with the same period of last year. Despite facing a challenging macroeconomic backdrop, we still delivered healthy growth which demonstrates our capability in providing attractive content on our integrated live streaming platforms while maintaining high level of operating efficiency. We identified several key objectives and strategies for today's challenging mar...