TapTechNews user Xichuangjiushi provided clues! Tiger Tooth Company announced its first quarter financial report for 2024 today. The financial report shows that the net revenue for the first quarter was 1.5 billion yuan, a year-on-year decrease of 23%, expected to be 1.49 billion yuan; adjusted earnings per share was 0.39 yuan, compared to 0.35 yuan in the same period last year, higher than the analyst's expected 0.19 yuan. Under non-US GAAP, that is, after excluding equity incentive expenses and non-recurring gains and losses generated by business acquisitions, the net profit attributable to Tiger Tooth Company in the quarter was 92.5 million yuan. According to US GAAP, in the first quarter of 2024, Tiger Tooth Company's gross profit was 2.21 billion yuan (305 million US dollars), with a gross profit margin increasing from 13.7% in the same period last year to 14.7%. The net profit attributable to Tiger Tooth Company was 71 million yuan (9.8 million US dollars), an increase of 79.3% from the same period last year. In terms of user data, in the first quarter of 2024, the monthly active users (MAU) of Tiger Tooth's live mobile end increased year-on-year to 82.6 million. In terms of revenue composition, in the first quarter of 2024, Tiger Tooth Company's revenue from live broadcasting was 1.26 billion yuan (175 million US dollars), a year-on-year decrease of 32%, expected to be 1.4 billion yuan; revenue from game-related services, advertising, and other businesses was 244 million yuan (33.7 million US dollars). TapTechNews noticed that as of March 31, 2024, Tiger Tooth Company had cash, cash equivalents, short-term deposits, short-term investments, and long-term deposits totaling 9.42 billion yuan (1.305 billion US dollars).