Aurora Mobile Announces 76 Percent Increase in Revenues

Aurora Mobile (NASDAQ:JG), a company focused on messaging and mobile applications based in China announced its unaudited financial results. Year-over-year revenues had a 76 percent incline, reaching US$42.4 million as the number of paying customers increased in line with higher average spending amounts per customer.

As quoted in the press release:

Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, “I am pleased to announce that we achieved an important milestone as we recorded our first ever quarterly profit on both an adjusted EBITDA and adjusted net income basis. This demonstrates both the scalability of our business model and the continued progress we have made in executing our strategy. We also announced a new partnership with Tencent Cloud yesterday to build an open and diverse mobile developer ecosystem. The partnership will provide mobile developer communities with accounts that seamlessly link to each other’s systems, an enhanced user experience, and more joint developer service products.”

“The number of mobile applications that used our services during the second quarter of 2019 grew from 887,000 during the same period last year to approximately 1,165,000 as of March 31, 2019 and 1,289,000 as of June 30, 2019. We continue to see a steady stream of new apps that use our developer services SDK, with approximately 41,000 new apps signing up monthly during the quarter. JVerification, our new product which launched at the end of last year, has also gained wider acceptance in the developer community as we added more than 70 paying customers this quarter.”

Click here to read the full press release.