Chinese tech company Aurora Mobile (JG, Financial) has reported unaudited financial results for the third quarter ending September 30, 2024. The company achieved a record by maintaining positive Adjusted EBITDA for the fifth consecutive quarter.
A significant milestone was reached in developer subscription revenue, which surpassed 50 million yuan. This marks a quarter-over-quarter growth of 7% and a year-over-year increase of 11%, setting a new historical peak.
Aurora Mobile's operating cash flow reached 12.3 million yuan, the highest since the fourth quarter of 2020. Internationally, its EngageLab has expanded to 31 countries and regions, with the number of clients and cumulative contract value increasing by approximately 32% and 23% quarter-over-quarter, respectively.
Gross profit and profit margin both showed quarter-over-quarter growth, with total gross profit climbing to 53.2 million yuan, the highest level this year. Operational efficiency was highlighted by a 5% year-over-year reduction in total operating expenses, now at 57.1 million yuan.
