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Lizhi (LIZI.US) announced its unaudited first-quarter 2022 financial report after the U.S. stock market closed on May 26. The data shows that the company’s Q1 net revenue reached 516.7 million yuan, an increase of 4% from 495.1 million yuan in the first quarter of 2021; net profit was 16.4 million yuan, a year-on-year turnaround, and a net loss of 70 million yuan in the same period last year; diluted The basic income per ADS was 0.32 yuan, and the loss in the same period last year was 1.5 yuan/ADS.
The total average monthly active users (MAU) of Lizhi Q1 reached 51.5 million, compared with 59.7 million in the first quarter of 2021; the total average monthly paying users reached 482,200, an increase of 2% from 474,700 in the first quarter of 2021.
The company said it will continue to build a more competitive audio ecosystem, pursue diversified commercialization paths, and enhance technical capabilities.
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