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Scienjoy Holding Corporation (NASDAQ: SJ) reported unaudited financial results for the nine months ended September 30, 2025, highlighting strong operating performance and continued progress in its AI-driven platform transformation, despite industry-wide headwinds in China’s livestreaming market.
For the period, total revenues declined 5.3% year-over-year to RMB959.3 million (US$134.7 million), primarily due to lower paying users amid intensified competition. However, gross margin improved to 18.5%, compared with 17.7% last year, supported by higher average live-streaming revenue per paying user and reduced revenue-sharing costs. Income from operations rose 30.9% to RMB46.2 million (US$6.5 million), underscoring Scienjoy’s strengthened cost structure and growing platform efficiency.
Net income decreased to RMB14.9 million (US$2.1 million), impacted by non-recurring fair value changes in investments, foreign exchange losses, and prior-year one-time write-offs.
Scienjoy ended the quarter with RMB254.1 million (US$35.7 million) in cash, reflecting stable liquidity and disciplined financial management.
CEO Victor He highlighted ongoing advancements in the company’s AI Vista ecosystem, which is expanding into AI Vista Live, a next-generation digital human and AIGC platform for entertainment, education, marketing, and enterprise engagement. “We are evolving from a domestic entertainment leader into a global AI-powered ecosystem platform, focused on long-term innovation and shareholder value,” he said.
CFO Denny Tang emphasized the company’s resilience, citing improved profitability and strong operating income despite macro and industry challenges.