36Kr Holdings Inc: Falls on dismal Q1 results
28/05/2020 18:23
** Chinese tech media site's shares KRKR.O fall ~12% to
$5.99
** Co posts bigger-than-expected Q1 loss, revenue also
misses expectations - Refinitiv data
** In Q1, co's revenue streams were impacted by the COVID-19
pandemic, as clients delayed marketing plans and enterprise
service programs, and offline activities were heavily restricted
due to lockdowns, CEO says
** Co's online advertising services revenue fell 39.5% to
$3.0 mln, while revenue from subscription services slumped 82.3%
urn:newsml:reuters.com:*:nGNX436p1M
** Stock among worst performers across U.S. exchanges
** Including session's losses, stock down ~59% from its IPO
price of $14.5
(Reporting by Abhishek Manikandan in Bengaluru)
((Abhishek.Manikandan@thomsonreuters.com))