China-based AI company iFlytek said in its third-quarter report that revenue for the first nine months of 2026 reached 18.2 billion yuan (US$2.72 billion), up 7.05% year on year.

Net profit attributable to parent-company shareholders was 21.9 million yuan (US$3.28 million), up 132.83%.

For the third quarter, revenue was 6.6 billion yuan (US$982 million), up 7.99% year on year. Net profit attributable to parent-company shareholders was 226 million yuan (US$33.8 million), up 31.05%.

Third-quarter net profit excluding non-recurring items was a loss of 126 million yuan (US$18.9 million).

IFlytek said this mainly reflected continued research and development spending, which topped 1.7 billion yuan (US$254 million) in the quarter.

The company said revenue from government-facing business fell 2.39% in the third quarter as it scaled back its smart city business. Its smart education and smart healthcare businesses each grew by more than 20%.

IFlytek has also marketed Spark as a large language model and promoted a related product family, including a multilingual model it released.

🔗 Source: Yicai

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