LIZHI INC. Reports Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results
LIZHI INC. - American Depositary Shares (LIZI)
Company Research
Source: GlobeNewswire
GUANGZHOU, China, March 12, 2020 (GLOBE NEWSWIRE) -- LIZHI INC. (“LIZHI” or the “Company” or “We”) (NASDAQ: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019. Fourth Quarter 2019 Financial and Operational Highlights Net revenues increased by 52.2% to RMB365.3 million (US$52.5 million) in the fourth quarter of 2019, from RMB240.0 million in the fourth quarter of 2018.Average total mobile MAUs1 in the fourth quarter of 2019 reached 51.9 million, representing an increase of 33.8% from 38.8 million in the fourth quarter of 2018.Average total monthly paying users2 in the fourth quarter of 2019 reached 434.1 thousand, representing an increase of 71.0% from 253.9 thousand in the fourth quarter of 2018. Fiscal Year 2019 Financial and Operational Highlights Net revenues increased by 47.8% to RMB1,180.6 million (US$169.6 m
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