36Kr Holdings Reports Widened Loss in Fourth Quarter

36Kr Holdings (KRKR) faces challenges as its pre-tax loss deepens. The company reported a widened net loss for the fourth quarter, raising concerns among investors regarding its financial stability.

Date: 11-03-2025

AI Rating: 4

Financial Performance Overview: 36Kr Holdings Inc. (KRKR) reported a concerning trend as its pre-tax loss widened in the fourth quarter compared to the previous year. The pre-tax loss increased to RMB 44.86 million ($6.15 million) from RMB 36.42 million, indicating an ongoing financial struggle.

Net Income Insights: The company's net loss for the quarter was RMB 42.86 million ($5.79 million), which also expanded from a loss of RMB 37.67 million the prior year. This suggests a deterioration in the company’s profitability, impacting investor confidence.

Earnings Per Share (EPS): The net loss per American depository share was RMB 19.999 ($2.740), worsening from RMB 17.977 previously. This increase indicates that the bottom line is under pressure, further underscoring financial challenges.

Revenue Decline: 36Kr's revenue fell significantly to RMB 128.67 million ($17.63 million) from RMB 200.30 million last year. This sharp drop in revenue highlights potential issues in the company's business model and market position.

Adjusted EBITDA: On a positive note, adjusted EBITDA improved to RMB 44.90 million ($6.15 million), up from RMB 34.15 million last year. While this is a positive sign, it must be weighed against the overall financial losses.

Stocks: KRKR