Xiaomi reports Q3 revenue down 9.7% YoY to ~$9.85B, slightly above estimates, and a ~$210M net loss, following a ~$420M writedown on investments

q3 yoy 9.85b 210m 420m

Bloomberg:

Xiaomi reports Q3 revenue down 9.7% YoY to ~$9.85B, slightly above estimates, and a ~$210M net loss, following a ~$420M writedown on investments — Xiaomi Corp.’s quarterly revenue fell almost 10% as it battled a slumping global smartphone market and weak consumer demand at home.

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