Sound Group Inc. Q3 FY2023 earnings call

• Strengthened online audio-centric globalization strategy while empowering domestic business innovation and advancing global business. • In audio entertainment, optimized operating strategies, refined content creator mechanisms, launched Starlight Challenge, and enhanced user experience with enriched content and product innovations. • Global innovative business invested in next-generation social networking products with advanced features, improved user engagement, and boosted localization capabilities. • Enhanced technological advancement by strengthening R&D, integrating AIGC technologies, improving voice technologies, and constructing versatile technology platforms to improve operating efficiency. • Awarded as one of China's top 100 internet companies for the fifth consecutive year, indicating recognition of comprehensive capabilities.

In the third quarter of 2023, LIZHI INC.'s revenue reached RMB425 million. The total average mobile MAUs amounted to 42.1 million, and the average monthly paying users totaled 402.6 thousand. For the audio entertainment business, efforts were made to build a healthy product ecosystem, optimize content creator platforms, and launch initiatives like the Starlight Challenge. The global innovative business focused on developing next-generation social networking products with advanced features. Revenue contribution is primarily from the overall RMB425 million figure as no detailed segment revenue breakdown by percentage is provided explicitly in the transcript.

• Will continue to refine business strategies and build a more competitive ecosystem. • Aim to improve core technology capabilities and more deeply integrate AIGC and voice AI technologies throughout the business. • Streamline operations and improve resource allocation efficiency for long-term sustainable development.

• Forward-looking statements involve inherent risks and uncertainties due to factors beyond control that could cause actual results to differ materially from projections. • Macro-headwinds pose challenges to the business.

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