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QTT on NASDAQ

Qutoutiao

Chinese mobile content aggregator

Qutoutiao (Chinese: 趣头条) is a Chinese mobile content aggregator.3 It was founded by Eric Tan.1 It is headquartered in Shanghai, China.1 Its shares trade on NASDAQ under the symbol QTT.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$140.0MRevenue, fiscal 20244
-$23.0MNet income, fiscal 20244

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  • TickerQTT on NASDAQ1
  • IndustryServices-Computer Programming, Data Processing, Etc.1
  • HeadquartersShanghai, China1
  • Websitequtoutiao.net
  • Incorporated inCayman Islands5
  • Business addressBuilding No. 8, Pudong Software Park, 519 Yi De Road, Pudong New Area, Shanghai, F4 2001245
  • Filer categoryNon-accelerated filer5

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Qutoutiao (Chinese: 趣头条) is a Chinese mobile content aggregator.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

45.2%Gross margin4
3.3%Operating margin4
-16.4%Net margin4
33.3%Revenue growth, 20244
$505.0KFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue55¢$76.6M
  • Research and development7¢$9.7M
  • Other costs19¢$27.1M
  • Interest19¢$26.4M
  • Income tax0¢$122.0K

Out of $140.0M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending4¢$20.0K
  • Kept or used elsewhere96¢$505.0K

Out of $525.0K of cash from operations.4

Financial statements

Revenue7891011124$140.0M in 2024−68% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $439.6M$439.6M20182019: $800.1M$800.1M2019+82%2020: $810.0M$810.0M2020+1%2021: $681.0M$681.0M2021−16%2022: $157.0M$157.0M2022−77%2023: $105.0M$105.0M2023−33%2024: $140.0M$140.0M2024+33%
Gross profit7891011124$63.2M in 2024−83% since 2018
0$200.0M$400.0M$600.0M2018: $366.3M$366.3M20182019: $564.4M$564.4M2019+54%2020: $553.4M$553.4M2020−2%2021: $497.1M$497.1M2021−10%2022: $75.5M$75.5M2022−85%2023: $46.4M$46.4M2023−38%2024: $63.2M$63.2M2024+36%
Operating income7891011124$4.6M in 2024
-$400.0M-$300.0M-$200.0M-$100.0M0$100.0M2018: -$288.2M-$288.2M20182019: -$391.2M-$391.2M2019+36%2020: -$158.2M-$158.2M2020−60%2021: -$187.2M-$187.2M2021+18%2022: -$46.2M-$46.2M2022−75%2023: -$267.0K-$267.0K2023−99%2024: $4.6M$4.6M2024
Net income7891011124-$23.0M in 2024−92% since 2018
-$400.0M-$300.0M-$200.0M-$100.0M02018: -$282.5M-$282.5M20182019: -$386.2M-$386.2M2019+37%2020: -$169.3M-$169.3M2020−56%2021: -$194.5M-$194.5M2021+15%2022: -$132.6M-$132.6M2022−32%2023: -$26.1M-$26.1M2023−80%2024: -$23.0M-$23.0M2024−12%
Fiscal year20172018201920202021202220232024
Revenue$439.6M7$800.1M8$810.0M9$681.0M10$157.0M11$105.0M12$140.0M4
Cost of revenue$72.4M7$229.6M8$251.9M9$167.6M10$79.5M11$58.5M12$76.6M4
Gross profit$366.3M7$564.4M8$553.4M9$497.1M10$75.5M11$46.4M12$63.2M4
Research and development$39.3M7$133.0M8$145.3M9$86.6M10$26.8M11$15.0M12$9.7M4
Operating expenses$701.0M10$130.6M11$49.5M12$60.5M4
Operating income-$288.2M7-$391.2M8-$158.2M9-$187.2M10-$46.2M11-$267.0K12$4.6M4
Interest$3.9M8$5.6M9$5.5M10$63.5M11$23.7M12$26.4M4
Income before tax-$193.6M10-$132.6M11-$26.4M12-$23.1M4
Income tax-$58.3K7$695.6K8-$154.4K9$479.0K10-$152.0K11-$285.0K12-$122.0K4
Net income-$282.5M7-$386.2M8-$169.3M9-$194.5M10-$132.6M11-$26.1M12-$23.0M4
Earnings per share-$1.9711-$0.6112-$0.594
Earnings per share (diluted)-$1.9711-$0.6112-$0.594
Shares (weighted, basic)75.8M shares1276.6M shares476.6M shares476.6M shares4
Shares (weighted, diluted)75.8M shares1276.6M shares476.6M shares476.6M shares4

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Corporate structure

Qutoutiao sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Qutoutiao

  • Qutoutiao Shanghai, China

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Qutoutiao reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Leasehold improvements4.2M CNY12 Dec 31, 2023
Property and equipment, before depreciation8.6M CNY12 Dec 31, 202316.1M CNY12 Dec 31, 2022−46.3%
Accumulated depreciation8.1M CNY4 Dec 31, 20248.1M CNY4 Dec 31, 20230%
Property and equipment, net$80.0K4 Dec 31, 2024$71.0K12 Dec 31, 2023+12.7%
Operating-lease assets (leased space)$417.0K4 Dec 31, 2024$793.0K12 Dec 31, 2023−47.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.3M4 Dec 31, 2024$10.5M12 Dec 31, 2023−11.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.0M12 Dec 31, 2023$1.1M11 Dec 31, 2022−2.8%
Intangible assets, net (excluding goodwill)$5.3M4 Dec 31, 2024$7.1M12 Dec 31, 2023−24.8%
Finite-lived intangibles, gross244.6M CNY4 Dec 31, 2024244.6M CNY4 Dec 31, 20230%
Accumulated amortization205.6M CNY4 Dec 31, 2024194.2M CNY4 Dec 31, 2023+5.9%
Finite-lived intangibles, net38.9M CNY4 Dec 31, 202450.3M CNY4 Dec 31, 2023−22.7%

The story

Founded by Eric Tan.1

The company was founded in 2016, and is based in Shanghai. In English, the name translates to "fun headlines."

Chinese billionaire Eric Tan is the chairman and co-founder.

The company is backed by Tencent Holdings.

By September 2018, it had around 17.1 million daily active users on its app, with monthly active users totaling 48.8 million.

Following an IPO and Nasdaq listing in September 2018, the company's stock price rose 128%, and with a valuation of over US$1 billion, it became a so-called unicorn company. The company left Nasdaq in 2023.

From Wikipedia’s article on Qutoutiao, shared under CC BY-SA 4.0.6

Leadership

Who has led Qutoutiao, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Bing (scottie) Xu2026–now

Chief financial officer

  1. Bing (scottie) Xu2026–now

Chief operating officer

  1. Sihui Chen2026–now
Board members and other officers (3)

Products and brands

According to TechCrunch, the app "uses an AI-based content recommendation engine to display articles and videos based on user profiles."

From Wikipedia’s article on Qutoutiao, shared under CC BY-SA 4.0.6

Former names

  • Qtech Ltd.Mar 9, 2018 to May 23, 20185

Timeline

  1. Apr 2, 2026New chief executive Bing (scottie) Xu becomes CEO13

Filings

26 filings to the SEC since October 2021: 4 annual reports, 5 insider forms, 1 large holders, 16 other. The latest 20:

  1. Apr 30, 2026NT 20-F EDGAR
  2. Apr 7, 20263 EDGAR
  3. Apr 7, 20263 EDGAR
  4. Apr 7, 20263 EDGAR
  5. Apr 2, 20263 EDGAR
  6. Mar 31, 20263 EDGAR
  7. Apr 30, 202520-F EDGAR
  8. May 15, 202420-F EDGAR
  9. Apr 29, 2024NT 20-F EDGAR
  10. Dec 12, 2023UPLOAD EDGAR
  11. Oct 19, 2023CORRESP EDGAR
  12. Oct 13, 2023UPLOAD EDGAR
  13. Aug 25, 2023CORRESP EDGAR
  14. Aug 14, 2023UPLOAD EDGAR
  15. May 12, 202320-F EDGAR
  16. Apr 28, 2023NT 20-F EDGAR
  17. Mar 20, 20236-K EDGAR
  18. Jan 19, 20236-K CHANGE OF AUDITOR RECEIPT OF NASDAQ NOTICE EDGAR
  19. Nov 1, 20226-K QUTOUTIAO ANNOUNCES MANAGEMENT CHANGE EDGAR
  20. Sep 28, 20226-K QUTOUTIAO ANNOUNCES RECEIPT OF NASDAQ NOTICE EDGAR

The 26 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Qutoutiao is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARQutoutiao Inc.2
  • CIK0001733298
  • Filer statusNon-accelerated filer not an emerging growth company; a shell company18
  • Incorporated inCayman Islands18
  • Fiscal year endsDecember 312
  • Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business addressBuilding No. 8, Pudong Software Park, 519 Yi De Road, Pudong New Area, Shanghai, F4 2001242
  • Phone86-21-5889-03982
  • Shares outstanding46,920,018 Common Class A shares; 32,937,193 Common Class B shares as of Dec 31, 202418
  • AuditorShandong Haoxin Certified Public Accountants Co., Ltd., Weifang, the People’s Republic of China PCAOB ID 5035; no auditor attestation of internal control over financial reporting18
  • On EDGAR sinceMar 9, 20182
  • Filings117 in all: 6-K (32), CORRESP (19), UPLOAD (14), 20-F (7), 3 (5), DRSLTR (5), F-1/A (4), DRS/A (3)2
    All 24 form types

    EFFECT (3), NT 20-F (3), SC 13G (3), SC 13G/A (3), 424B4 (2), DRS (2), F-1 (2), S-8 (2), 25-NSE (1), 424B5 (1), 6-K/A (1), 8-A12B (1), CERT (1), F-1MEF (1), F-3 (1), FWP (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2025

Sources

The numbers on this page point here. Each one links to the record it came from.

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