Qutoutiao Inc (NASDAQ:QTT) Q3 2019 Earnings Conference Call - Final Transcript

Dec 03, 2019 • 08:00 am ET

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Qutoutiao Inc (NASDAQ:QTT) Q3 2019 Earnings Conference Call - Final Transcript

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Q & A
Executive
Xiaolu Zhu

dollar amount and also in terms of margins. Thank you.

Analyst
Han Chung

Thank you.

Operator
Operator

Thank you. We have the next question coming from the line of Thomas Chongo [Phonetic]. Please go ahead.

Analyst
Thomas Chongo

Hi, good evening. Thanks management for taking my questions. I would like to ask about the long-term KPI for our company, in particular, how should we think about the revenue per DAU over the long-term. And also, how should we think about the daily active users in the long-term. Do we have any KPI [Phonetic] of our [Indecipherable] [Foreign Speech].

Executive
Xiaolu Zhu

So in terms of ARPU, I think this year, we have seen some less than hospitable operating environment especially under the macro headwinds. So if you look our ARPU this year and compare it to last year, I believe that in the second half last year, our ARPU is over RMB0.45. To be more specific RMB0.50 in Q3 and RMB0.47 in Q4 in 2018. So I think it's possible that we can get our ARPU back to their levels somewhere down the road, but I think it will take some time and it will also depends on the overall economic landscape in China as well.

In terms of total user base, I think we still believe that lower-tier cities remain the most attractive space today with unmatched structural potential for growth and monetization. However, as I said, we want to take a more balanced approach regarding growth and profitability down the road. So I think we still have a high expectation for the long-term DAU and MAU target. But I think we now will probably pace our growth together with no profitability. Thank you.

Analyst
Thomas Chongo

Thank you.

Operator
Operator

Thank you. As there are no further questions, now I'd like to turn the conference call back to the company Qutoutiao for closing remarks.

Executive
Sai Chi Du

Thank you very much for joining today's call, and please don't hesitate to reach out to our Investor Relations team for any further questions. That concludes today's call. Thank you.

Operator
Operator

[Operator Closing Remarks]