First Quarter 2024 Highlights
Revenues for the first quarter of 2024 were RMB1,703.8 million (US$236.0 million), an increase of 33.4% from RMB1,277.5 million for the same quarter of 2023.
Calculated cash billings1 for the first quarter of 2024 were RMB2,050.7 million (US$284.0 million), an increase of 24.3% from RMB1,649.6 million for the same quarter of 2023.
Average monthly active users2 for the first quarter of 2024 were 46.6 million, an increase of 17.4% from 39.7 million for the same quarter of 2023.
Total paid enterprise customers3 in the twelve months ended March 31, 2024 were 5.7 million, an increase of 42.5% from 4.0 million in the twelve months ended March 31, 2023.
Outlook
For the second quarter of 2024, the Company currently expects its total revenues to be between RMB1.91 billion and RMB1.96 billion, representing a year-on-year increase of 28.4% to 31.7%. This forecast reflects the Company's current views on the market and operational conditions in China, which are subject to change and cannot be predicted with reasonable accuracy as of the date hereof.