JG - Earnings call transcript Q1 2022

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Operator

Ladies and gentlemen, thank you for standing by. And welcome to Aurora Mobile First Quarter 2022 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. to Rene conference Vanguestaine. like first to now today, speaker would hand over the your I Please ahead. go

Rene Vanguestaine

Thank you, distributed Nadia. at for is joining And on ir.jiguang.cn. hello, everyone, today. available earnings and Aurora's release IR was the earlier and us today website thank you

and On Officer; are Chief today Chief Bong, call Weidong Luo, Shan-Nen the and Financial Chairman Mr. Executive Mr. Officer.

will that your questions Q&A session will Following answer their during to prepared be available remarks, follow. they the

any materially difficult forward-looking uncertainties information forward-looking from you future filings U.S. or those we of Act the applicable statements a actual I'd and management's Luo. Mr. These contains current operating in achievements except to and the this Before result statements of ahead. of events performance to Commission. under of I'd to Reform new Exchange Private in law. U.S. and statements conference are as Securities information, required the amended now that, may not to any within and remind factors The with are of Securities or obligation over and included as otherwise, and/or other that company's XXXX. the XXE With undertake like cause the begin, predict Exchange current Further update the Act as in to turn Please go these regarding does are results, to and company's company Section the as forward-looking statements. risks, meaning expectations based upon defined differ Securities conference like market the XXXX Litigation which forward-looking conditions,

Weidong Luo

and Mobile's first call. good quarter morning, earnings to evening Rene. the Aurora everyone XXXX Welcome call. to Thanks, on Good

website on would quarterly your remind QX for our that IR reference. available is like Before the to on I our comment I earnings deck everyone results,

You we to with may the call deck the proceed refer today. as

investments one have call to we multi-channel that that today's a enhance significant off start have position our through important their we user leading help XXXX, on to and made In engagement further to QX solidify customers provide. important of we me we can milestone Let our reached. solutions foresee

in China's consumer since then, acquisition SendCloud, services. API earnings shared we platform leading in of we have and the e-mail majority a the user-centric transactional interest for As completed marketing e-mail call, QX

With way sell we integration vice the March transaction have completion the the of in versa. that to we list revenue increase XXXX, effective customers our this the initiated the an into the services of identifying this JG In efficient and is can of have We and SendCloud potentially process, started we the operations. of believe group.

provide will earnings very this a From updates the SendCloud's strong We on in have product e-mail the services. presence future perspective, we in call.

for e-mail of a help from into our of by most to business COVID down veterans to communication We our quarter loss year-over-year. deferred the improved RMBX.X We longing were market Adjusted believe by technology. this RMBXX revenues million, customers key operating have at been their around level in achievements market reach Operating services the also in in includes RMBXXX integrated of of UMS XX% follows, down our revenue environment position This a further as year-over-year. RMBXX.X made million, a will days XX% significantly offering up its that quarters. leading has through Operating great to product million, this EBITDA AR enhance expenses the product. results weak users days. - all omnichannel QX is XXXX. the company, which was and teams narrowed this slowed Nevertheless, impressive was across from challenging by very have million conditions was for another QX the to Net resurgence throughout we due economic year-over-year. million, effort business proven the healthy X% Total China, XX improvement a macroeconomic be the of XX% significantly. XXXX tough consecutive ago. were for. loss XX% with in set amidst a year-over-year. remained eight at financial RMBXX.X The major hubs was representing RMBXX.X negative very above million, activity quarter the year our

reduced and monitoring operating effort have drive We has late are both our off as operations and been efficiency controlling year. expenses efforts expenses loss our from continued This paid since operating at to year-over-year. closely have our and last

very We strengthened aspects and forward. will going [ph] in be of expenditures all continue to now

Developer year-over-year with results the a Let the to solid which Services XX% streams a me substantial Value-added RMBXX.X in during continue Services mainly a modest X% growth an were year-over-year, revenue deliver Services different our driven Subscription was by year-over-year XX% customers In growth with same continued QX’XX, group. the by X% recorded within revenues while fueled new acquisition. growth our million, primarily increase period. Services of Subscription

more and a within the to good contributed we [ph] revenues to received a quarter, revenue Services, order deliver China know near of RMBXX.X sector are to Guangzhou KA from to financial products SAAS, growth Value-added this solution. in credit customers With Alliance as to Developer our And card services in ARPU of them of include customers, just XX% is the subscription revenues needs plans QX’XX. private Financial the financial us We the suite solid services. City this JG mainly continue to million we Bank, from continued a selling During push strategy security, and are provide million and investment future. and good a also strong Bank, Services existing sector-based in center year-over-year the for retail both the and increase in sizeable as these brokerage to services JG cloud The RMBXX.X position relevant few. market. banks financial to will the Ranzhou Advertisement for Bank, customer firms return other name a and further An believe percentage has Ping the Sector, in our which a their reach of explore from customers or well in to products expand

remain traffic during the pool supply Alliance, the quarter. JG stable On side the the of

in the effort means the for to the it operate pool. the revenue be each - We generated DAUs mobile traffic suppliers, advertisers more of exposure. these within better benefit their advised apps we pool for so, to maximize the JG through the what different the Alliance and a each devices traffic shifted returns [indiscernible] its better have pool. of as or each within to so our are Our by pool apps can attempts that match search apps has is In making one believe of growing doing the of will on summary, to traffic initiatives within quarter

XX to XX, of of respectively, by terms revenue QX [indiscernible] in contribution In XXXX. formats, contribute approximately both the product versus XX

an On be meaningful format side, as very XX% product contribute ideal Alliance these and reach remains their sub Alliance JG means of the brand XXXX. total, out retargeting developers related QX our revenue both demand JG In than to target to more remains to our demand as effective goods strong audience. in

and while industry of Alibaba, and XX% Alliance Weibo. customers the Major repeated more direct advertising During Key from Tencent, JD than many rest JG across customers the stream, customers the quarter, BAT, demand have been agency. Baidu, third-party contributing came market leaders revenue of and consisted JG verticals. very Alliance customers from of strong include

some recent to Starting seen advertising services getting provide like I XXXX, March China. we color from all months. back spend on advertisers of advertisement of Here, the their in across in best have would mediums

is from our some for cities services value-added economy better We lockdowns been impacted recovers. demand as and services Value-Added-Services as value-added QX not in be around the believe of have pick demand as our up will the in turn felt revenue the And key impact the the things XXXX. Nevertheless, as to strong we of Therefore, will COVID-XX again soon. has anticipated. for

Value-Added-Services. important Lastly, a the on product very update

through developers this such to AD Platform We Platform. week, bring monetize solutions. and overseas MoPub, the developers press more share players As With will Through to have will advertising been SDK grow be arrangement. that, the values our AppLovin, best we applications Overseas help and help who the about better have we great app in access will great model. now Shan-Nen, announced a to app proven adverting as position platforms ease over similar Mediation I This other and this launched mobile Adverting call recently their the other parts will and to is pass mature with QX we our helping vertical app [indiscernible] Mediation China the mainstream we release developers the technology, believe proprietary using ironSource to app business inventory. of in and in them earlier monetize mobile

Shan-Nen Bong

Thanks, Luo.

Financial Market year-over-year Financial share revenue solid XX% Risk Intelligence. with the in Vertical Applications, to the mainly the on contributed Management X% Management year-over-year. business by revenues In The segment, move grew now growth of Risk Financial revenues by steadily ARPU. XX% increased and These consisted Let's Risk Management the growth. a lion of that

very and pockets conditions China. for of the was are in the the the demand in revenue resurgence products due weak the our macroeconomic strong. tough growth with cities of remain We QX’XX periods a in especially the recorded to pleased Nevertheless, relatively COVID certain quarter key the

quarter, us, to a have customers customers their strong year-over-year. and XX% retain ARPU existing expanded key very customers we continue growth with new the These every in acquired quarter. During resulting demands many

just and operators Some include of [indiscernible], all our licensed new and to a TD renewed name customers such few. as Financial

sign fairly to a to number pension slowed one macro in corporate the business activities. again, continued new DT, of largest Our Ontario. include year-over-year, the in with customers environment, and [indiscernible] remained Market level product of based is world again well-known decline account at up QX slight a key the which due Revenue They down plans Intelligence ’XX. line and during of stable

and some balance key items. Now of to our I'll expenses. go operating expenses On through sheet

in XX% controlling negative to effectively in profit RMBX.X XX% and fees grow that this decreased our to continuous to year-over-year marketing to value China. expense reduced spending And long-term in result grow this increased quarter mainly RMBXX our QX tough mainly if million. decreased currency as contracts swap change QX operating due to improvement XXXX decrease quarter EBITDA in to our cost key increase XXXX was the was compensation Selling salary charges, XXXX G&A QX for very by expenses managed run by our in quarter and resulted and stream in despite grow of our professional being quarter. a managed not of revenue of particular, RMBX.X Gross our operating revenue at business we possible gross expenses million, X% XX% the a incurred. force foreign investment RMBXX.X to tough quarters, margin impairment to traffic not cost compensation all financial JG RMBXX.X did $X a and associated This effort XX% paid we million. - effective these In businesses the expenses X% due share-based by a mainly to by million, in X% Adjusted decreased stringent compensation. our more as have and a in most, expenses our performance app of RMBXX.X the decreased fair provision manage tightly AR recap developers calculated measures. expenses million Operating XX% due reduction expenses in reversal of in million in and Alliance business share-based business. to excluding efficiently management EBITDA and reduction a to that headcount cost as mainly by million R&D share-based relatively marketing year-over-year. and RMBX.X control to mobile recorded to to million, by repeat due expenses for in As this a and year-over-year we

narrowed result, respectively. XX% year-over-year, by net both a EBITDA XX% our and has loss As adjusted and

to During efficiency at quarter, our to level. in our to I two the optimal and continued always the important very ensure sheet. OpEx we monitor. KPIs gain improve an is share will that we On an balance operating closely effort that workforce streamline further remain

turnover First year quarter to ago. days days a compared has shortened days XX is the which days at this XX AR by X

efforts collection policy Our receivables. accounting our timely and cash a of collection disciplined ensure accounts

cash represents eight the quarters. for customer which RMBXXX quarter balance, in end has advance revenue from million at deferred collected total the Secondly, exceeded consecutive

As balance was of the deferred high March at of XX, RMBXXX.X historical XXXX, million. total revenue

receivable all from assets XXXX. million, of XXXX. million, of million XX, XXXX. of total RMBXX.X long-term at million and repaid the assets RMBXXX Next, RMBXXX investment and current were and liabilities of total RMBXX March QX of million Accounts includes cash equivalents in March RMBXX.X million, SendCloud short-term accrued which revenue resulted of RMBXX.X of of million. million accounts were receivable million And of RMBXXX.X includes assets of acquisition RMBXX.X in cash goodwill intangible were million, RMBXXX.X XX, RMBXXX.X as million, million loan of March of fixed this liabilities of prepayments RMBXX.X as RMBXX.X RMBXXX.X and XXXX, million, and This deferred

in the in turn, business March China and the Since resurgence of XXXX, uncertainties the China. in Next, risk business increased this has or has, conducting until that certain in for forecast guidance improved. for updating outlook. we making With the of it COVID-XX providing right business to performance near harder substantially is And parts time that, decision suspend such us the to revenue believe situation the future.

repurchase a Lastly, any shares. we March I plan. give quick share before In the ended conclude, repurchase XX, on quarter I'll XXXX, did update the not

you happy We're the Rene, take we of have XX, management's proceed. our March cumulatively, or start questions a of As ADS your XXXX, And XXX,XXX this may now. concludes operator… remarks. repurchased since prepared Rene program. to of total

Operator

you, Brian from AGP. your question. The from ask [Operator Instructions] first confirming. line Kinstlinger Thank question comes for Please of the

Brian Kinstlinger

my Great. much Thanks for questions. taking so

First has caused COVID? the few year-over-year JG significantly question How quarters conditions much factors I last market this? growth the rate was have, you slowed in provide that the commented. Alliance versus Can in you

Weidong Luo

Difficulty] [Technical

Operator

dear speaker. me, Excuse

not is line clear. Your

Weidong Luo

Hello, better now?

Operator

Yes...

Brian Kinstlinger

Much better.

Weidong Luo

Okay.

advertising right? So the affect the their same impact I COVID budgets. the advertisers' budget. advertisers the that's I think And thing, mean reduced

So JG advertisers by affected our are right, like JD Weibo, basically Alibaba, Alibaba, especially they heavily which Alliance by is COVID-XX. revenue. - impact logistic, Because impacted is the the JD, our and top

in these QX, color in as need So months, we quarter. more they happens as next heavily pickup but still XXX% reduced what budget in see their we not but QX, in colors some

Brian Kinstlinger

it. Got

a growth more growth historically subscriptions. Okay, on led what thanks. Is down on some of quarter. to through that We're And to that churn is for this all better - subscriptions? then similar single-digit generally that single-digit question bit a too? has the maybe little factors growth your take there? that to COVID been Just me compared Is

Weidong Luo

Yes.

a one impacted week For QX in It around because will the incentive question, first than - see in the surface, a single week. recover. mostly the by digital. QX headcount up our I And lockdown pick subscription March COVID is the is been and mean, has more - we service by one

double-digital QX see growth as will QX We and well.

Brian Kinstlinger

was subscriptions, how paying lockdowns, growth? slower I'm I'm why change they stop just when when curious do confused what subscriptions. their there's That's they about is there

Weidong Luo

the for the the - impact No, service customers. its basically impact is subscription new

contract when deliver customers the site the but new any So the customer. We happens, we delayed time invoice and the it's just So - shipment paper, basically ship right? lockdown delayed to the renewal cannot our customer. the to - cannot contract

kind we the cover. that QX, - in So reduce have customer. we this close But something can from deal like QX the Yes. of to [indiscernible] with

Brian Kinstlinger

Yeah.

Okay.

without think that guess slowly. Now are improve, advertising wonder, with lockdowns you even beginning I easing the I about although probably segments it weak, to how do uncertainty. still seems pretty budget, the also economic COVID, albeit then given you're

months in the the things think environment has take last changed for two the us your maybe over year? how do are you how permanently business maybe improving through So versus

Shan-Nen Bong

to this your down Brian, budget Chris demand as slowed ad No, his Back Great, Shan-Nen. the said question. has is script. what in has

have things we as has or slow what previous is been months. compared So to quarter previous seen

we months, lower are what we be expect in potentially looking look we well. spend if couple is seen the to to or to even and fairly ad if at the as QX quarter-over-quarter, in into look demand So slow to QX QX And have you maybe next QX. what you we than at the be continue forward of revenue expect

Brian Kinstlinger

revenue see product potentially And adoption you you with impacting talk that condition? about those given Okay. and new launched, the then how

Weidong Luo

Yeah.

advertising market. difficult So very as for know, those in you the it's

efficiency. they the probably won improving monetization efficiency, they on we've APPs them so net what networks more or monetization before mean to improve So have to even demand only we've the for various for currently, the right? So or - worth. I a traffic, they - what will free advertising But

AD law like they CPM. can eventually, So improve or

product So environments. think this those in can have know, you APPs monetization the this in and challenging value currently can can I better very bring -

I So our eventually, think. will Alliance have JG they

ironSource the overseas is in mean, can APP - market, value this I of kind So proven. the and [ph] product

Brian Kinstlinger

Thanks so much. Okay.

Operator

Please the next from from you. Navis question Thank question. line Capital. The comes ask Roberts Ryan your of

Ryan Roberts

So Language] [Foreign translate that. I'll

cost, kind fact other points. walk with I through that collection be a on that two of some outlook of can kind that think the so of actually is a more if partners condition for better seems But number us asking Aurora would targeting to rebound, kind questions kind ads. with curious little the data number pool of guess, on respect I margin. overall industry traffic a I So down kind two are I'm a of the gross be so the Management know and generally share, good of behind I revenue kind to bit after It's from on of one, are, kind XX%, profit management market. And my compressed XX% that And is COVID. like what's have is seems to the indicate XX%. kind that color the can would want to guidance there that about more to two you the if of and about structural kind what - respect up that like for should tailwind forth to it and given data demand more the share, XX% in a color what is your that is alternatively, of historically, some Or And has thing? like over like thing know there us been is give I is a of a seeing? shift? temporary holding of we're the to just a like on terms has it those can more have know. that are headwinds guess, management and but - more

Shan-Nen Bong

Shan-Nen. this Ryan, is Hey,

first this the giving been to have to shares pool revenue question the of Alliance JG business. the more your Okay. margin. on quarter, Back traffic the Yes, we in

a of them. this - undergone the is that have negotiation I part something think with that we

having margin XX% quarters to year, be said looking few going I the around to So or for that, throughout XX%, out next the forward, the range. we expect to XX% think XX%

margin, Alliance, is above likes XX%. vertical financial So businesses besides Those the - we the subscription, - have this is you which at other if risk management. with JG - application, are a much fixed like look higher of is that something what ones the

So this margin. low of low are that business comparatively is the only segment we or relatively having the

just give in our some to of want the I color So of margins. you terms makeup

are So majority businesses the of XX% still margin. above having and

is the into this question. on And first the value-added we pay terms you second, can the separate of or revenue, we what can them have the and others. So [ph] let's say, Again, we them outlook. services segregate if in

look beginning have have what from March late said, been services, you quarter, ad and revenue and low been has for at the since Chris of If demand ad onwards, or the I March advertising pretty seen for is given demand like value-added the which the spending this low. has low like we

Tencent again drop better. is revenue at for about QX think expect look to you we XX%. If has their don't any announced, again, what XX% I are to

or are tough said or will pretty in things contract okay, simply risk or delay the for management that, sense the subscription, pretty lockdown demand the of services. life it subscription not intelligence, the for cash delay collection the diminish did Having market the did answering renewal, customers. for the those is the the be calls by has Chris said the that the these okay, So what question, earlier from in earlier What services. financial value-added

do So the customers that.

contract, send our the Just are chase to able are not we money. not to able that fact our we

you cannot because the we have provide that don't the a revenue. experiencing you that service, contract, cannot So we record those fact are delays are

diminishing of So customers of we delays. a see any do matter not disappearance is

Ryan Roberts

Okay. a And then of follow-up, if I kind me a maybe let can start follow-ups. ask two

kind First, margin issue. on of one on gross your first the

weakness like value overall realize us I and either have in second the board or their give maybe seeing asking growth loaded then in some like that like share if maybe again, strength the a some ads relying - kind of the maybe - the lot in where on a the like unique their verticals you there. if very is we of you JD I would being weakness the mean, part, platforms could maybe kind of consistent. [indiscernible] on on a does kind take It potential first larger sounds you're talking that there, Alliance So and a started kind color so margin of kind specific effectively and mean or there's them not push seem And half it some which kind like of second differentiated might it's we demand forth, I about kind sorry, Language] to guess maybe ATC could standard on expression the on maybe the them like something but unique some of kind guess, with were more lockdowns, to it perhaps? I with whatever take - I pool be compression of traffic like had in offering. be [Foreign but when understand of of this kind seems monetize for to like because on they I'd it, really their pushback platform they - for COVID-XX And of a that the be were monetize, it price seem is more companies you frankly And on like does e-commerce side. seems But product increase because a helpful of kind Tencent because verticals overall takers there such since, other of that with half. second offer of without kind there because in a there that's traffic kind I color it app. are of into sounds growth, rates, guess it kind there's a that help

free? if so to And two can you touch maybe the on follow-ups those

Operator

with finish your questions? have me, Excuse

Ryan Roberts

Yeah…

Shan-Nen Bong

in services seeing a lack we first apps advertising. But that the to what quarter you first very to the on specific those unique the the the need XXXX Ryan, is of due or right. demand are are yes, reduced demand We're of monetization. for providing question,

to the see advertisers that decreased. give can because the demand that the has right, willing us reduced, You ECPM are the or fact price the has

ECPM we not on could we could the what just to not app So our do pass developer. is reduced

in why so So has in sense, our or dropped. still that's a hit fairly a we margin And a can taking are XX% sense see you it's at XX%. that good,

Ryan Roberts

Almost. It's question. the

So kind app what was asset than you're change subsidy in like offering, developers, that a it's with me revenue - of the to almost sounds of is - structural that which the different there's just pocket holder. a kind a saying little share bit

revenue So the contractual better of a that passing were ad I a structural change how is a characterize, alternatively, that risk. sharing the you kind more more margins that way Or temporary basis? on type on of is in to through - guess, impact you're kind

Weidong Luo

kind to customers, margin. the That's a dollar, If to is of developer them the X.X have fixed mean, we to if Hey, for the or win them. - Ryan. supposed ECPM say, I'm $X, from means arranged a some at let's that arrangements course, Yes, to a dollar fixed a have good if renminbi are arrangement, of ECPM, give some give there trying we we to got of ECPM say to amount developer. that with what still the app received I app that we we developer receive we of which app them we have are is the if give

Ryan Roberts

Got squeeze it. there. me it. Got let

Okay. Understood.

Weidong Luo

the was on... question second outlook overall your And

Ryan Roberts

Yes.

I being kind some maybe really released maybe second new on can the about may overall recent half, maybe color of Just kind of on lift Because games that of of irrespective of some that announced kind the been if verticals know to? give that there's different you're you exposed outlook kind that the gaming have e-commerce announcements see. - you

So for I show - of players are kind some e-commerce customers. year your us the think of probably the

And effect that COVID lockdown, demand maybe some of other so of an weaker... from and could there kind gaming some and maybe be advertisers really from offset those kind the with that offsetting

Weidong Luo

a are a the we the has benefit not a I What likes it's really us on subscription-related but customers from have of Southeast maybe can they overseas guess up to [indiscernible] they go right? the BYD, there our are of hand, our well. we like using silver let's seen Asia, is the of into providing overseas we too I services venture, were, when Cool. COVID, they are some lot as customers, the new So Asia. when high, - lining. new call The say, they Southeast other In gone In [ph] push venture China, services. MT seeing set

gaming country, chosen Asia services, to are a side, selecting have our means what some my high true So publishing customers we a market. use company providing trying growth of Even we're to new which Malaysian company, area, venture we or do data driver or the Southeast home the new in use is see gaming to a companies. overseas going base push same one that which are say of who into is are from the customers one

to their good I Gkuan For [ph] push some Malaysia. services a have think for reason, reason, chosen services they in

good performing see, we services. a service that well, in push providing well doing so something quality is we and this are long doing So or as

have some I you services color. getting probably good think more Southeast in chance a we I'll of Asia. give And

the have We set contracts Singapore. why up that signing see businesses area. some recently companies in up reason is potential new And do in or we

we overseas to subscription QX beyond. X% forecast in to what internally, look business and the around of our related so-called expect So have if X% you we be revenue at

COIVID we relatively have this that missed so-called drivers So where there's growth new seen environment. some

Ryan Roberts

I size of on the for two DAU like the the did kind us one if maybe and of JG I'm kind I please rate. that one think transparent Give that... sure And housekeeping appreciate us all Alliance we pool? right. an quarter or Right, of questions, it. update housekeeping, could. you that kind guys of give last Could you

Weidong Luo

pool It's last had traffic RMBXXX - about stable. million Alliance think DAU call, I about for in fairly in the the still The Sure. DAUs. JG we it at

So fairly stable. is this

drop numbers going we've I XX% about ECPM the is to expect declined. ECPM quarter-over-quarter, to that has I'm give you think The that XX%. seen we to the

Ryan Roberts

say, I question, that, Alliance kind of you I Has the an any earlier, like Because commented has you kind DAU less sounds market pool? meaningful let's you know, as kind the pretty JG or normal of And of, outside think type marquee kind change of of composition of who there any got more softness there since churn acquisition. of in in wins large announced been anyway. earlier some it that's been on kind of

Weidong Luo

there loss No, been big any change. I big hasn't think or

though fine. we we let what think say DAU million, is from even is What able $XX load about. talk that's do we increase try or ad the have are to I we to exposure that the increase not seen our did

think ago, have a like of we used X.X DAU. per I couple quarters to

there, we long to So the still as able as the - we long exposure. are we able revenue. are DAUs able increase to same DAU, able the we so we If are increase make are of traction, increase to the to good the are exposure

Ryan Roberts

the load days these what's ad And roughly?

Weidong Luo

Yeah, the demand. still of around X.X% because lack of

Ryan Roberts

Because demand? of lack of

Weidong Luo

we the million we as Yeah, as demand, because or like the able RMBXXX not many to - advertisement lack to exposure are would to show of of this DAUs.

Ryan Roberts

the I appreciate Great. Thanks, guys. color.

Operator

remarks. back I over Instructions] are to like would [Operator speakers, go Rene hand to closing Dear Please the ahead. you. questions. further for Thank call no there

Rene Vanguestaine

Thank Thank tonight. everyone, you, for you, joining call our Nadia.

the comments, Thank all. and the questions further to hesitate a any This have you to call. out concludes you Have good don't night. team. If please reach IR

Operator

for for does our Thank conference today. That you participating. conclude

nice a day. all disconnect. may Have You

Aurora Mobile Limited (JG) 9 Jun 222022 Q1 Earnings call transcript