Qutoutiao Inc. provided earnings guidance for the third quarter of 2020. For the period, the company expects net revenues to be between RMB 1,130 million and RMB 1,150 million, representing a decrease of 18% to 20% year-over-year. The company also expects loss from operations to be narrowed significantly on a year-over-year basis and flat on a quarter-over-quarter basis. This outlook reflects Qutoutiao’s current and preliminary view including preliminary assessment on the potential impacts from the CCTV Report, which is subject to uncertainty.