Mar 26, 02:24 AM

Kuaishou Reports Q4 Revenue Growth of 8.7% to CNY39.7 Billion, Net Profit Up 10%, Full Year Revenue CNY126.9 Billion

Kuaishou Technology reported its fourth-quarter revenue growth of 8.7% year-over-year, reaching CNY39.7 billion (approximately USD5.5 billion), slightly below analyst expectations. The company also noted a net profit increase of 10%, amounting to CNY39.7 billion. For the full year, Kuaishou's adjusted net profit surged nearly 73% to CNY17.7 billion (USD2.4 billion), while its total revenue grew 11.8% to CNY126.9 billion (USD17.5 billion). The company's short-video e-commerce gross merchandise value (GMV) saw a significant increase of over 50%. Kuaishou is leveraging its AI model, Kling AI, which has generated over CNY100 million (USD13.8 million) in cumulative revenue, to explore new monetization opportunities and enhance user engagement on its platform.

#Kuaishou Technology #Kuaishou #Kling AI

Written with ChatGPT (GPT-4o mini).

Kuaishou Reports Q4 Revenue Growth of 8.7% to CNY39.7 Billion, Net Profit Up 10%, Full Year Revenue CNY126.9 Billion

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