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Benzinga

Business

Anusuya Lahiri

36Kr Shares Pop On 14% Revenue Growth In Q1 Aided By Online Advertising, Enterprise Value-Added Services

36Kr Nasdaq

36Kr Holdings Inc (NASDAQ:KRKR) reported first-quarter FY22 revenue growth of 13.9% year-on-year to $7.8 million.
Revenues from online advertising services increased by 13.1% Y/Y to $5.9 million.
Revenues from enterprise value-added services increased by 35.4% Y/Y to $1.5 million.
The number of followers as of March 31 rose 25.5% Y/Y to 24.1 million.
The gross margin contracted 190 bps to 51.8% as costs surged 18.5% Y/Y.
Earnings per ADS was $0.126.
36Kr held $27.0 million in cash and equivalents.
Price Action: KRKR shares traded higher by 13.5% at $1.01 in the premarket on the last check Wednesday.

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