Qutoutiao Inc. Reports 2024 Sales Increase to RMB1,021.8 Million; Net Loss Narrows to RMB167.5 Million
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Qutoutiao Inc. reported a sales increase to RMB1,021.8 million for the fiscal year ending December 31, 2024, up from RMB745.6 million in 2023. The growth was driven by higher advertising budgets and new channel customer expansion. Advertising revenue rose to RMB972.9 million, while other revenue sources fell to RMB49.0 million. The net loss narrowed to RMB167.5 million from RMB185.3 million in 2023. The company continues to adapt to macroeconomic challenges while expanding its user base and offerings.
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