Announcement • May 01
Qutoutiao Inc. announced delayed 20-F filing On 04/30/2026, Qutoutiao Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Announcement • Apr 30
Qutoutiao Inc. announced delayed 20-F filing On 04/29/2024, Qutoutiao Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Feng Li was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 02
Qutoutiao Inc. Announces Executive Changes, Effective November 2, 2022 Qutoutiao Inc. has received a notice of resignation from Mr. Xiaolu Zhu, who will cease to serve as chief financial officer of the company, effective November 2, 2022. Mr. Zhu's resignation is due to personal reasons, and the company is grateful for his valuable contributions over the years and wishes him all of the best in his future endeavors. Mr. Eric Siliang Tan, the company's chief executive officer, will assume the role of interim chief financial officer, effective November 2, 2022, until a new chief financial officer is appointed. Announcement • Sep 29
Qutoutiao Inc. Announces Receipt of Nasdaq Notice Qutoutiao Inc. announced that it has received a written notification from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) dated September 26, 2022, indicating that for the last 30 consecutive business days, the closing bid price of the Company’s American depositary shares (the “ADSs”) was below the minimum bid price of $1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1). The Nasdaq notification letter has no current effect on the listing or trading of the Company’s ADSs on Nasdaq. Pursuant to the Nasdaq Listing Rule 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until March 27, 2023, to regain compliance under the Nasdaq Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Company’s ADSs is $1.00 per share or higher for at least ten consecutive business days, Nasdaq will provide the Company written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance by March 27, 2023, subject to the determination by the staff of Nasdaq, the Company may be eligible for an additional 180-day compliance period. The Nasdaq notification letter does not affect the Company’s business operations, and the Company will take all reasonable measures to regain compliance within the prescribed grace period. As previously announced, the Company also received a separate notice from Nasdaq, indicating the Company’s deficiency in meeting the continued listing requirement of minimum Market Value of Publicly Held Shares ("MVPHS") of $15,000,000, as set forth in the Nasdaq Listing Rule 5450(b)(2)(C). The Company has until March 13, 2023 to regain compliance with the MVPHS requirement. Announcement • Sep 16
Qutoutiao Inc. Announces Receipt of Nasdaq Notice Qutoutiao Inc. ("Qutoutiao" or the "Company") today announced that it received a written notification from the Staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated September 13, 2022, indicating that the Company no longer meets the continued listing requirement of minimum Market Value of Publicly Held Shares ("MVPHS") for The Nasdaq Global Select Market, as set forth in the Nasdaq Listing Rule 5450(b)(2)(C), because the Company's MVPHS for the last 30 consecutive business days was below the minimum MVPHS requirement of $15,000,000. The notification has no immediate effect on the listing of the Company’s American depositary shares, every two representing five Class A ordinary shares of the Company, on The Nasdaq Global Select Market. Pursuant to the Nasdaq Listing Rule 5810(c)(3)(D), the applicable grace period to regain compliance is 180 calendar days, or until March 13, 2023. The Company can cure this deficiency if its MVPHS closes at $15,000,000 or more for a minimum of ten consecutive business days during the compliance period. In the event the Company does not regain compliance prior to the expiration of the compliance period, it will receive written notification from Nasdaq that its securities are subject to delisting. The Company's management is looking into various options available to regain compliance and maintain its continued listing on The Nasdaq Global Select Market. Alternatively, the Company may consider applying to transfer the Company's American depositary shares to The Nasdaq Capital Market, provided that the Company meets the continued listing requirements of The Nasdaq Capital Market. Reported Earnings • May 03
Full year 2021 earnings released Full year 2021 results: Revenue: CN¥4.34b (down 18% from FY 2020). Net loss: CN¥1.24b (loss widened 8.9% from FY 2020). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Feng Li was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Dec 23
Third quarter 2021 earnings: Revenues exceed analyst expectations Third quarter 2021 results: Revenue: CN¥965.5m (down 15% from 3Q 2020). Net loss: CN¥611.1m (loss widened 117% from 3Q 2020). Revenue exceeded analyst estimates by 1.1%. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Announcement • Dec 22
Qutoutiao Inc. Provides Revenue Guidance for the Quarter Ended December 31, 2021 Qutoutiao Inc. provided revenue guidance for the quarter ended December 31, 2021. For the quarter, the company expected group net revenues to be between RMB 850 million to RMB 900 million. Recent Insider Transactions Derivative • Oct 05
Co-President & Executive Director notifies of intention to sell stock Jianfei Dong intends to sell 300k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of September. If the sale is conducted around the recent share price of US$0.99, it would amount to US$297k. As of today, Jianfei currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Reported Earnings • Sep 08
Second quarter 2021 earnings released The company reported a poor second quarter result with weaker revenues, weaker control over costs and no improvement to losses. Second quarter 2021 results: Revenue: CN¥1.20b (down 17% from 2Q 2020). Net loss: CN¥236.1m (flat on 2Q 2020). Announcement • Sep 08
Qutoutiao Inc. Provides Revenue Guidance for the Third Quarter of 2021 Qutoutiao Inc. provided revenue guidance for the third quarter of 2021. For the third quarter of 2021, the company expected group net revenues to be between RMB 1,050 to RMB 1,100 million. Reported Earnings • Jun 04
First quarter 2021 earnings released: CN¥0.58 loss per share (vs CN¥1.92 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: CN¥1.29b (down 8.6% from 1Q 2020). Net loss: CN¥175.0m (loss narrowed 68% from 1Q 2020). Breakeven Date Change • Jun 04
Forecast to breakeven in 2023 The analyst covering Qutoutiao expects the company to break even for the first time. New forecast suggests the company will make a profit of CN¥229.0m in 2023. Average annual earnings growth of 82% is required to achieve expected profit on schedule. Announcement • Jun 02
Qutoutiao Inc. Provides Revenue Guidance for the Second Quarter of 2021 Qutoutiao Inc. provides revenue guidance for the second quarter of 2021. The Company expects group net revenues to be between RMB 1,150 to RMB 1,200 million. Reported Earnings • Mar 28
Full year 2020 earnings released: CN¥3.92 loss per share (vs CN¥9.85 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CN¥5.29b (down 5.1% from FY 2019). Net loss: CN¥1.14b (loss narrowed 58% from FY 2019). Recent Insider Transactions Derivative • Mar 20
Co-President notifies of intention to sell stock Guanqiang Feng intends to sell 200k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of March. If the sale is conducted around the recent share price of US$2.03, it would amount to US$406k. As of today, Guanqiang currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Analyst Estimate Surprise Post Earnings • Mar 07
Revenue beats expectations Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 10%, compared to a 26% growth forecast for the Interactive Media and Services industry in the US. Reported Earnings • Mar 06
Full year 2020 earnings released The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CN¥5.29b (down 5.1% from FY 2019). Net loss: CN¥1.14b (loss narrowed 58% from FY 2019). Is New 90 Day High Low • Feb 12
New 90-day high: US$5.45 The company is up 132% from its price of US$2.35 on 13 November 2020. The American market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 22
New 90-day high: US$4.34 The company is up 80% from its price of US$2.41 on 23 October 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: US$2.03 The company is down 12% from its price of US$2.30 on 22 September 2020. The American market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 17% over the same period. Announcement • Dec 18
Qutoutiao Inc. Announces Board Changes Qutoutiao Inc. announced that Yongbo Dai has resigned as a Director of the Company due to personal reasons. The resignation became effective on December 16, 2020. Following Dai’s resignation, the Board of the Company is now comprised of six members. Binjie Zhu has stepped down from the Company's vice president position for personal reasons effective from November 30, 2020, and he will continue to serve as a senior advisor to the Company. Reported Earnings • Dec 18
Third quarter 2020 earnings released: CN¥0.96 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: CN¥1.13b (down 20% from 3Q 2019). Net loss: CN¥281.4m (loss narrowed 68% from 3Q 2019). Announcement • Dec 11
Qutoutiao Inc. to Report Q3, 2020 Results on Dec 16, 2020 Qutoutiao Inc. announced that they will report Q3, 2020 results After-Market on Dec 16, 2020 Is New 90 Day High Low • Nov 28
New 90-day high: US$2.93 The company is up 6.0% from its price of US$2.77 on 28 August 2020. The American market is also up 6.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Interactive Media and Services industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Nov 20
Qutoutiao Inc., Annual General Meeting, Dec 02, 2020 Qutoutiao Inc., Annual General Meeting, Dec 02, 2020, at 10:00 China Standard Time. Location: 11/F, Block 3, XingChuang Technology CenterShen Jiang Road 5005, Shanghai, China Shen Jiang Road 5005 Beijjing China Is New 90 Day High Low • Oct 31
New 90-day low: US$2.15 The company is down 30% from its price of US$3.08 on 31 July 2020. The American market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Oct 18
The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Qutoutiao Inc The Law Offices of Frank R. Cruz reminds investors of the upcoming October 19, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Qutoutiao Inc.: American Depositary Shares pursuant and/or traceable to the Company’s September 2018 initial public offering; and/or securities between September 14, 2018 and July 15, 2020, inclusive. The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: that Qutoutiao replaced its advertising agent with a related party, thereby bypassing third-party oversight of the content and quality of the advertisements; that the Company placed advertisements on its mobile app for products whose claims could not be substantiated and thus were considered false advertisements under applicable regulations; that, as a result, the Company would face increasing regulatory scrutiny and reputational harm; that, as a result, the Company’s advertising revenue was reasonably likely to decline; and that, as a result of the foregoing,Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. Major Estimate Revision • Sep 28
Analysts update estimates The 2020 consensus revenue estimate was lowered from CN¥6.50b to CN¥5.39b. Earnings per share (EPS) saw an improvement, with analysts raising their estimates from -CN¥4.64 to -CN¥3.67 for the same period. The Interactive Media and Services industry in the US is expected to see an average net income growth of 12% next year. The consensus price target was lowered from US$25.30 to US$24.91. Share price stayed mostly flat at US$2.41 over the past week. Announcement • Sep 22
Rosen Law Firm, Reminds Qutoutiao Inc. Investors of Important Deadline in Securities Class Action Rosen Law Firm, reminds purchasers of the securities of Qutoutiao Inc.: pursuant to and/or traceable to the Company's September 2018 initial public offering; and/or between September 14, 2018 and July 15, 2020, inclusive, of the important October 19, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Qutoutiao investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: Qutoutiao replaced its advertising agent with a related party, thereby bypassing third-party oversight of the content and quality of the advertisements; the Company placed advertisements on its mobile app for products whose claims could not be substantiated and thus were considered false advertisements under applicable regulations; as a result, the Company would face increasing regulatory scrutiny and reputational harm;as a result, the Company's advertising revenue was reasonably likely to decline; and as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. Reported Earnings • Sep 22
First half earnings released Over the last 12 months the company has reported total losses of CN¥2.21b, with losses narrowing by 18% from the prior year. Total revenue was CN¥5.92b over the last 12 months, up 23% from the prior year. Is New 90 Day High Low • Sep 18
New 90-day low: US$2.42 The company is down 16% from its price of US$2.87 on 19 June 2020. The American market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.