Business Description
Headquartered in Beijing, People's Republic of China, and established in 2016, Cheer Holding, Inc. provides advertisement and content production services, primarily operating within the Chinese market. The company structures its operations across two key segments: the internet-focused Cheers APP Business and its Traditional Media Businesses, additionally engaging in mobile and online advertising, as well as media and entertainment ventures. Cheer Holding offers a comprehensive suite of digital platforms and applications, including the CHEERS app, which integrates e-commerce functionalities with professional content. Its ecosystem also features the CHEERS Video app, serving as a media hub for lifestyle short videos and interactive live broadcasting, and CHEERS e-Mall, an e-commerce platform that enables third-party merchants to sell products through live streaming, online videos, and games. Furthermore, the company is at the forefront of technological innovation with CHEERS Telepathy, a multimodal artificial intelligence platform for content creation, and CHEERS API, designed to provide solutions for industry digital transformation and data integration. Its diverse offerings extend to CheerCar, an interactive entertainment app; CheerReal, a digital collectibles NFT application; CheerChat App, an AI social platform; and the CHEERS Metaverse, which delivers immersive digital experiences. Cheer Holding is also an active producer of various forms of content, such as short videos, online variety shows, dramas, live streams, and its proprietary Cheers series. The entity was formerly known as Glory Star New Media Group Holdings Limited until its name was officially changed to Cheer Holding, Inc. in November 2023.
Business History
Price Overview
Last updated: Jun 27, 2026 10:02am (just now)Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 24.07
Total Equity: $369.68M
Shares: 1,064,433
Total Debt: $9.32M
Cash: $242.08M
EBITDA: $33.29M
Total Debt: $9.32M
Cash: $242.08M
Revenue: $148.84M
Revenue: $148.84M
Revenue: $148.84M
Total Equity: $369.68M
Tax Rate: 0.3%
Equity: $369.68M
Total Debt: $9.32M
Cash: $242.08M
Current Liabilities: $31.79M
Long-Term Debt: $0.00
Total Debt: $9.32M
Total Equity: $369.68M
Shares: 1,064,433
Shares: 1,064,433
CapEx: -$709,000
Shares: 1,064,433
Stock Price: $1.94
Net Income: $25.62M
Industry Benchmarks
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
Income Statement (Annual)
Last updated: Jun 24, 2026 1:32pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $153.0M | $157.1M | $152.3M | $147.2M | $148.8M |
| Cost of Revenue | $34.9M | $40.6M | $39.5M | $39.4M | $43.2M |
| Gross Profit | $118.1M | $116.5M | $112.8M | $107.8M | $105.6M |
| Operating Expenses | $81.8M | $89.8M | $83.5M | $82.2M | $79.3M |
| Operating Income | $36.3M | $26.7M | $29.3M | $25.6M | $26.3M |
| Net Income | $35.3M | $26.9M | $30.5M | $26.0M | $25.6M |
| EBITDA | $39.4M | $30.1M | $33.1M | $29.4M | $33.3M |
| EPS | $270.00 | $197.50 | $176.50 | $125.50 | $24.07 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 1:32pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $77.3M | $70.5M | $194.2M | $197.7M | $242.1M |
| Total Current Assets | $153.5M | $183.8M | $306.9M | $305.6M | $366.6M |
| Total Assets | $195.2M | $206.0M | $327.6M | $346.6M | $401.7M |
| Current Liabilities | $34.6M | $32.9M | $46.2M | $39.9M | $31.8M |
| Long-Term Debt | $0 | $0 | $1.4M | $1.4M | $0 |
| Total Liabilities | $35.7M | $33.5M | $47.6M | $41.5M | $31.9M |
| Total Equity | $158.9M | $172.4M | $279.9M | $305.0M | $369.7M |
| Retained Earnings | $124.0M | $150.7M | $181.2M | $207.1M | $232.7M |
Cash Flow (Annual)
Last updated: Jun 24, 2026 1:32pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $46.5M | $7.7M | $42.2M | $22.9M | $17.9M |
| Capital Expenditure | -$2.8M | -$8.0M | $-3,000 | -$24.9M | $-709,000 |
| Free Cash Flow | $43.7M | $-250,000 | $42.2M | -$2.0M | $17.2M |
| Acquisitions (net) | $-12,000 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $59.6M | -$6.8M | $124.0M | $3.1M | $44.4M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 10:02am (just now)| Metric | 2024 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$206.8M $206.8M – $206.8M
|
$162.9M $162.9M – $162.9M
|
$176.0M $176.0M – $176.0M
|
$206.8M $206.8M – $206.8M
|
| EBITDA |
$45.0M $45.0M – $45.0M
|
$35.5M $35.5M – $35.5M
|
$38.3M $38.3M – $38.3M
|
$45.0M $45.0M – $45.0M
|
| Net Income |
$404.5M $404.5M – $404.5M
|
$798.3M $798.3M – $798.3M
|
$766.4M $766.4M – $766.4M
|
$1.2B $1.2B – $1.2B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 1:32pm (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +2.7% | -3.0% | -3.4% | +1.1% |
| Gross Profit Growth | -1.3% | -3.2% | -4.4% | -2.0% |
| Operating Income Growth | -26.3% | +9.6% | -12.6% | +2.7% |
| Net Income Growth | -23.8% | +13.3% | -14.8% | -1.3% |
| EBITDA Growth | -23.6% | +10.0% | -11.0% | +13.2% |
Insider Trading (Recent)
All SEC Form 4 codes
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2025-12-18 | Lu Jia | 0.00 | $0.00 | $0 | |
| 2025-12-18 | Lu Jia | 0.00 | $0.00 | $0 | |
| 2025-12-18 | Zhang Bing | 0.00 | $0.00 | $0 | |
| 2025-12-18 | Zhang Bing | 0.00 | $0.00 | $0 |
Narrative Economics
market-narrative step).