Lizhi Inc. (NASDAQ:LIZI) Q3 2022 Earnings Call Transcript

In the mid to long term, the domestic business still has tremendous growth potential. And with the increase in the user penetration rate of the auto entertainment business, the market scale is also further expanding. And in the future, we will continue to expand the core user groups in the audio entertainment sector, and increased users’ wellness to pay through diversified operational activities and innovative functions and ultimately promoting the growth of paying user conversion rates and our overall revenue. In terms of our cost and expense structure, we will also dynamically adjust it based on the market feedback at different stages and continue to refine our user acquisition strategy and improve overall operational efficiency, help us achieve sustainable profitability in the domestic business.

Overall, we are very confident about the stable growth and sustainable development in the future. Thank you, Vicky.

Operator: If there are no further questions, now I would like to turn the call back over to the company for closing remarks.

Zelong Li: Well, thank you once again, everyone, for joining us today. If you have any further questions, please feel free to contact the company and our Investor Relations through the contact information provided on our IR website at ir.lizih.fm or the Piance Group Investor Relations. Thank you.

Operator: This concludes the conference call. You may now disconnect your lines. Thank you.