Aurora Mobile Limited (NASDAQ:JG) Q2 2019 Earnings Conference Call Transcript

Aug 16, 2019 • 07:00 am ET

Previous

Aurora Mobile Limited (NASDAQ:JG) Q2 2019 Earnings Conference Call Transcript

Share
Close

Loading Event

Loading Transcript

Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by, and welcome to Aurora Mobile Second Quarter 2019 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I'd like to hand the conference over to your first speaker today, Mr. Tip Fleming. Thank you, please go ahead.

Executive
Tip Fleming

Thank you, operator. Hello, everyone, and thank you for joining us today. Aurora's earnings release was distributed earlier today and is available on the IR website at ir@jiguang.cn. On the call from Aurora, today are Mr. Weidong Luo, Chairman and Chief Executive Officer; Mr. Fei Chen, President; and Mr. Shan-Nen Bong, Chief Financial Officer.

Following the prepared remarks, all three will be available to answer questions during the Q&A session that follows. Please be reminded that this call contains forward-looking statements made under the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, expects, anticipates future, intends, plans, believes, estimates, confident and similar -- other similar statements. Forward-looking statements involve inherent risks and uncertainties and number of factors could cause actual results to differ materially from those contained in any forward-looking statements. Further information regarding these and other risks is included in the Company's filings with the Securities -- the SEC. Our whole information, Aurora Mobile undertakes no duty to update such information except as required under applicable law.

With that, I will now like -- I would now be happy to turn the call over to Chris. Chris, please go ahead.

Executive
Weidong Luo

Thanks, operator. Good morning, and good evening to everyone on the call, and welcome to Aurora Mobile's second quarter 2019 ended earnings call.

We have a few piece of exciting news to share with you today. First, we achieved our first ever quarterly profit on both an adjusted EBITDA and adjusted net income basis. This is a very important milestone and quite an accomplishment, particularly given the macro headwinds and demonstrates the strength of our business model, continue to top line growth coupled with the increasing operating leverage that we are experiencing as we scale the basis, drove the turning point in [Phonetic] our bottom line profitability.

Second, we announced our strategic partnership with Tencent Cloud yesterday. Under this partnership, Aurora Mobile and Tencent Cloud will offer unified customer accounts to both of our customers. Once locked in, whether from the Tencent Cloud system or from Aurora Mobile system, the user will be able to access the complete set of product offering provided by both Aurora and Tencent Cloud, ensuring that the user experience will be very smooth and friendly.

On Tencent Cloud's website, cloud.tencent.com, under the tab Developers on the menu page, all of Aurora's developer products will be displayed and ready for use by Tencent Cloud's customers. The concept is very much like on the WeChat, where the Food Delivery tab is dedicated