Internet Valueadded Services was Cheetah Mobile’s largest segment in fiscal 2025, bringing in $402.81M of $1.15B (35%).
| Subsegments | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Online Advertising | $355.29M | $109.34M | $184.66M | $212.47M | ||||
| Internet Valueadded Services | $342.10M | $340.80M | $332.53M | $402.81M | ||||
| Other Internet Related Sevices | — | — | — | — | ||||
| Advertising Agency Services | $83.11M | $89.28M | $78.04M | $238.99M | ||||
| Sale & Rental Of Robotic Products | — | $22.03M | $111.58M | $145.87M | ||||
| Multi-Cloud Management Services | $77.96M | $87.75M | $87.24M | $136.33M | ||||
| Sale Of Ai Hardware Products | — | — | — | — | ||||
| Technical Consulting Service & Others | — | — | — | — | ||||
| Technical Consulting & Other Services | — | — | — | — | ||||
| Technical, Ai Application Services & Others | $20.32M | $20.31M | $12.83M | $13.98M | ||||
| Sale & Rental Of Robots And Other Ai Hardware Products | $5.29M | — | — | — | ||||
| Total | $884.07M | $669.50M | $806.88M | $1.15B |
Cheetah Mobile brought in $1.15B from its six segments in fiscal 2025, the year ended December 31, 2025. That was up 42.6% from $806.88M in fiscal 2024. Internet Valueadded Services was the largest at $402.81M (35.0%), ahead of Advertising Agency Services at $238.99M (20.8%) and Online Advertising at $212.47M (18.5%). The other three segments brought in $296.18M combined.
Compared with fiscal 2024, Advertising Agency Services grew fastest, up 206.2% to $238.99M. Every segment above 2% of revenue grew.
Cheetah Mobile began breaking out Sale & Rental Of Robotic Products in fiscal 2023, when it brought in $22.03M. Cheetah Mobile stopped reporting Sale & Rental Of Robots And Other Ai Hardware Products as a separate segment after fiscal 2022, when it brought in $5.29M.
Prc was Cheetah Mobile’s largest region in fiscal 2025, bringing in $443.20M of $1.15B (39%).
| Geography | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Prc | $391.65M | $343.12M | $346.81M | $443.20M | |||||||||
| United States | — | $29.99M | $87.79M | $98.97M | |||||||||
| Ireland | — | — | — | — | |||||||||
| Rest Of The World | $133.91M | $90.80M | $108.66M | $150.63M | |||||||||
| Europe | — | $92.45M | $137.11M | $318.44M | |||||||||
| Japan | $96.41M | $113.14M | $126.50M | $139.20M | |||||||||
| Hong Kong | $262.10M | — | — | — | |||||||||
| Non-Prc | — | — | — | — | |||||||||
| Total | $884.07M | $669.50M | $806.88M | $1.15B |
Cheetah Mobile brought in $1.15B from its five regions in fiscal 2025, the year ended December 31, 2025. That was up 42.6% from $806.88M in fiscal 2024. Prc was the largest at $443.20M (38.5%), ahead of Europe at $318.44M (27.7%) and Rest Of The World at $150.63M (13.1%). The other two regions brought in $238.17M combined.
Compared with fiscal 2024, Europe grew fastest, up 132.2% to $318.44M. Every region above 2% of revenue grew.
Cheetah Mobile began breaking out Europe in fiscal 2023, when it brought in $92.45M. Cheetah Mobile stopped reporting Hong Kong as a separate region after fiscal 2022, when it brought in $262.10M.
Internet Business was Cheetah Mobile’s largest segment in fiscal 2025, bringing in $615.28M of $1.15B (53%).
| Segment | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Utility Products & Related Services | — | — | — | — | |||||||
| Utility Product & Related Services | — | — | — | — | |||||||
| Internet Business | $697.39M | $450.13M | $517.19M | $615.28M | |||||||
| Mobile Entertainment | — | — | — | — | |||||||
| Ai & Others | $186.68M | $219.37M | $289.69M | $535.16M | |||||||
| Others | — | — | — | — | |||||||
| Total | $884.07M | $669.50M | $806.88M | $1.15B |
Cheetah Mobile brought in $1.15B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 42.6% from $806.88M in fiscal 2024. Internet Business was the largest at $615.28M (53.5%), ahead of Ai & Others at $535.16M (46.5%).
Compared with fiscal 2024, Ai & Others grew 84.7% to $535.16M and Internet Business grew 19.0% to $615.28M. From fiscal 2022 to 2025, combined revenue from these segments grew from $884.07M to $1.15B, a compound annual growth rate of 9.2%. Internet Business' share of the total fell from 78.9% to 53.5%.
Cheetah Mobile (CMCM) reports its revenue by subsegments, by geography and by segment. In fiscal 2025, Internet Valueadded Services was its largest segment, bringing in $402.81M (35.0% of the total), followed by Advertising Agency Services at $238.99M (20.8%).
Internet Valueadded Services was Cheetah Mobile's largest segment in fiscal 2025, bringing in $402.81M, or 35.0% of the $1.15B total across its six segments.
Prc was Cheetah Mobile's largest region in fiscal 2025, bringing in $443.20M, or 38.5% of the $1.15B total across its five regions.
Among Cheetah Mobile's segments that make up at least 2% of revenue, Advertising Agency Services grew fastest in fiscal 2025, up 206.2% from $78.04M to $238.99M.
Every figure comes from Cheetah Mobile's annual financial filings, as reported. Each line keeps the name Cheetah Mobile gives it, and years follow its fiscal calendar.
Cheetah Mobile's revenue by subsegments goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.