Jianpu Technology Inc.

Total revenue in Q3 2023 was RMB255.6 million, down 4.9% year over year and 10.5% quarter over quarter. Total recommendation service revenue decreased 9.6% year over year to RMB191.2 million. Loan recommendation revenue rose 25.3% year over year, while credit card recommendation revenue fell 31.8% year over year. Big data and system-based risk management revenue declined 24.4% year over year to RMB18.9 million, while marketing and other services increased 41.3% to RMB45.5 million. Operating loss was RMB8.7 million versus RMB31.9 million a year ago; net loss was RMB6.4 million versus RMB25.1 million; GAAP adjusted net loss was RMB5.6 million versus RMB9.4 million. ROI was 141.2% in Q3, up 5.9 percentage points year over year. Cash, cash equivalents, time deposits, and restricted cash were RMB687.3 million as of September 30, 2023. For the first three quarters of 2023, revenue was up 12.0% year over year to RMB830.5 million, ROI reached 133.7%, and loss from operations narrowed by 65.0% to RMB42.9 million. Management did not provide formal next-quarter or full-year guidance.

David Ye said the company is prioritizing efficiency and diversification while navigating a challenging macro and regulatory backdrop. He highlighted the expansion of AI tools internally and externally, including use cases beyond financial services, and said the company is pursuing flexible, low-coupling AI solutions. His tone was cautiously optimistic: he acknowledged headwinds in consumer credit and bank marketing budgets, but pointed to government stimulus measures and AI opportunities as potential catalysts.

Oscar Chen focused on the financial improvement from tighter cost control and a better mix of revenue. He said cost of promotion and acquisition decreased 7.0% year over year to RMB167.6 million, cost of operation fell 30.5% to RMB14.6 million, and combined sales and marketing, R&D, and G&A expenses were 32.1% of total revenue, down across all three lines as a percentage of revenue. He also cited the balance sheet at RMB687.3 million in cash and equivalents, time deposits, and restricted cash, underscoring liquidity.

There was no substantive analyst Q&A in the transcript. The call ended after prepared remarks and operator closing statements, so no additional management clarification or analyst concerns were aired.