Kuaishou Technology Announces Third Quarter 2024 Unaudited Financial Results
Kuaishou Technology reported strong Q3 2024 results with total revenue increasing 11.4% YoY to RMB31.1 billion. The company achieved record-breaking user metrics with 407.5 million average DAUs (up 5.4% YoY) and 714.1 million MAUs (up 4.3% YoY) on Kuaishou APP. Total e-commerce GMV grew 15.1% to RMB334.2 billion. Profit increased to RMB3.3 billion from RMB2.2 billion YoY, while adjusted net profit rose 24.4% to RMB3.9 billion. Online marketing services revenue grew 20.0% to RMB17.6 billion, while live streaming revenue decreased 3.9% to RMB9.3 billion. The company's AI strategy, including Kling AI 1.5, continues to strengthen its ecosystem.
Kuaishou Technology ha riportato risultati solidi per il terzo trimestre del 2024, con un aumento del fatturato totale dell'11,4% su base annua, raggiungendo 31,1 miliardi di RMB. L'azienda ha raggiunto metriche utente record con 407,5 milioni di DAU medi (in aumento del 5,4% su base annua) e 714,1 milioni di MAU (in aumento del 4,3% su base annua) sulla app Kuaishou. Il GMV totale dell'e-commerce è cresciuto del 15,1%, arrivando a 334,2 miliardi di RMB. L'utile è aumentato a 3,3 miliardi di RMB da 2,2 miliardi di RMB su base annua, mentre l'utile netto rettificato è cresciuto del 24,4%, raggiungendo 3,9 miliardi di RMB. Le entrate dai servizi di marketing online sono aumentate del 20,0%, raggiungendo 17,6 miliardi di RMB, mentre le entrate dallo streaming live sono diminuite del 3,9%, arrivando a 9,3 miliardi di RMB. La strategia AI dell'azienda, inclusa Kling AI 1.5, continua a rafforzare il suo ecosistema.
Kuaishou Technology reportó resultados sólidos en el tercer trimestre de 2024, con un aumento del 11,4% en los ingresos totales interanuales, alcanzando 31,1 mil millones de RMB. La empresa logró métricas de usuarios récord con 407,5 millones de DAU promedio (un aumento del 5,4% interanual) y 714,1 millones de MAU (un aumento del 4,3% interanual) en la aplicación Kuaishou. El GMV total del comercio electrónico creció un 15,1%, alcanzando 334,2 mil millones de RMB. Las ganancias aumentaron a 3,3 mil millones de RMB desde 2,2 mil millones de RMB interanuales, mientras que la utilidad neta ajustada subió un 24,4%, alcanzando 3,9 mil millones de RMB. Los ingresos por servicios de marketing en línea crecieron un 20,0%, alcanzando 17,6 mil millones de RMB, mientras que los ingresos por streaming en vivo disminuyeron un 3,9%, quedando en 9,3 mil millones de RMB. La estrategia de IA de la empresa, que incluye Kling AI 1.5, continúa fortaleciendo su ecosistema.
콰이쇼우 테크놀로지는 2024년 3분기 강력한 실적을 보고하며, 총 수익이 전년 대비 11.4% 증가하여 311억 위안에 달했습니다. 이 회사는 4억 7500만명의 평균 DAU (전년 대비 5.4% 증가) 및 7억 1410만명의 MAU (전년 대비 4.3% 증가)를 기록하며 사용자 지표에서 경신했습니다. 전체 전자 상거래 GMV는 15.1% 증가하여 3342억 위안에 이르렀습니다. 이익은 전년 대비 22억 위안에서 33억 위안으로 증가했으며, 조정된 순이익은 24.4% 증가하여 39억 위안에 도달했습니다. 온라인 마케팅 서비스 수익은 20.0% 증가하여 176억 위안에 이르렀고, 라이브 스트리밍 수익은 3.9% 감소하여 93억 위안에 머물렀습니다. 이 회사의 AI 전략, 특히 Kling AI 1.5는 생태계 강화를 지속하고 있습니다.
Kuaishou Technology a annoncé de solides résultats pour le troisième trimestre 2024, avec un chiffre d'affaires total en hausse de 11,4 % par rapport à l'année précédente, atteignant 31,1 milliards de RMB. L'entreprise a atteint des indicateurs d'utilisateurs sans précédent avec 407,5 millions d'UA quotidiens moyens (en hausse de 5,4 % par rapport à l'année précédente) et 714,1 millions d'UA mensuels (en hausse de 4,3 % par rapport à l'année précédente) sur l'application Kuaishou. Le GMV total du commerce électronique a augmenté de 15,1 % pour atteindre 334,2 milliards de RMB. Le bénéfice a augmenté à 3,3 milliards de RMB contre 2,2 milliards de RMB l'année précédente, tandis que le bénéfice net ajusté a progressé de 24,4 % pour atteindre 3,9 milliards de RMB. Les revenus des services de marketing en ligne ont augmenté de 20,0 % pour atteindre 17,6 milliards de RMB, tandis que les revenus de streaming en direct ont diminué de 3,9 % pour s'établir à 9,3 milliards de RMB. La stratégie d'IA de l'entreprise, y compris Kling AI 1.5, continue de renforcer son écosystème.
Kuaishou Technology berichtete über starke Ergebnisse im dritten Quartal 2024, mit einem Gesamtumsatz, der im Jahresvergleich um 11,4% auf 31,1 Milliarden RMB gestiegen ist. Das Unternehmen erreichte rekordverdächtige Nutzerzahlen mit 407,5 Millionen durchschnittlichen DAUs (ein Anstieg von 5,4% im Vergleich zum Vorjahr) und 714,1 Millionen MAUs (ein Anstieg von 4,3% im Vergleich zum Vorjahr) in der Kuaishou-App. Der Gesamt-GMV des E-Commerce wuchs um 15,1% auf 334,2 Milliarden RMB. Der Gewinn stieg auf 3,3 Milliarden RMB von 2,2 Milliarden RMB im Vorjahr, während der bereinigte Nettogewinn um 24,4% auf 3,9 Milliarden RMB anstieg. Die Einnahmen aus Online-Marketingdiensten wuchsen um 20,0% auf 17,6 Milliarden RMB, während die Einnahmen aus Live-Streaming um 3,9% auf 9,3 Milliarden RMB zurückgingen. Die AI-Strategie des Unternehmens, einschließlich Kling AI 1.5, stärkt weiterhin sein Ökosystem.
- Total revenue increased 11.4% YoY to RMB31.1 billion
- E-commerce GMV grew 15.1% YoY to RMB334.2 billion
- Adjusted net profit increased 24.4% YoY to RMB3.9 billion
- Online marketing services revenue grew 20.0% YoY to RMB17.6 billion
- User base expanded with DAUs up 5.4% and MAUs up 4.3% YoY
- Live streaming revenue decreased 3.9% YoY to RMB9.3 billion
Third Quarter 2024 Key Highlights
- Average DAUs on Kuaishou APP were 407.5 million, representing an increase of
5.4% from 386.6 million for the same period of 2023. - Average MAUs on Kuaishou APP were 714.1 million, representing an increase of
4.3% from 684.7 million for the same period of 2023. - Total e-commerce GMV(1) was
RMB334 .2 billion, representing an increase of15.1% fromRMB290.2 billion for the same period of 2023. - Total revenue increased by
11.4% toRMB31 .1 billion fromRMB27.9 billion for the same period of 2023. Online marketing services and live streaming contributed56.6% and30.0% , respectively, to the total revenue. The other13.4% came from other services. - Gross profit increased by
17.0% toRMB16 .9 billion fromRMB14 .5 billion for the same period of 2023. Gross profit margin in the third quarter of 2024 was54.3% , improving from51.7% for the same period of 2023. - Profit for the period was
RMB3 .3 billion, compared toRMB2.2 billion for the same period of 2023. Adjusted net profit(2) increased toRMB3.9 billion fromRMB3.2 billion for the same period of 2023. - Operating profit from the domestic segment(3) increased to RMB3.5 billion from
RMB3.2 billion for the same period of 2023. Operating loss from the overseas segment(3) decreased toRMB153 million by75.9% year-over-year.
Mr. Cheng Yixiao, Co-founder, Chairman, and Chief Executive Officer of Kuaishou, said, "In the third quarter of 2024, our commitment to developing breakthrough technology that creates more value for our users propelled our user base to record-breaking heights. The Kuaishou App achieved average DAUs of 407.5 million and MAUs of 714.1 million. Our globally leading large video generation model, Kling AI, is setting new industry standards, redefining how content is created, personalized and experienced. Increased engagement across our ecosystem has fueled steady commercial growth, with total revenue rising
Third Quarter 2024 Financial Review
Revenue from our online marketing services increased by
Revenue from our live streaming business decreased by
Revenue from our other services increased by
Other Key Financial Information for the Third Quarter of 2024
Operating profit was
Adjusted EBITDA(4) was
Total available funds(5) reached
Notes:
(1) Placed on or directed to our partners through our platform.
(2) We define "adjusted net profit" as profit for the period adjusted by share-based compensation expenses and net fair value changes on investments.
(3) Unallocated items, which consist of share-based compensation expenses, other income, and other gains, net, are not included.
(4) We define "adjusted EBITDA" as adjusted net profit for the period adjusted by income tax (benefits)/expenses, depreciation of property and equipment, depreciation of right-of-use assets, amortization of intangible assets, and finance income, net.
(5) Total available funds which we considered in cash management included but not limited to cash and cash equivalents, time deposits, financial assets and restricted cash. Financial assets mainly included wealth management products and others.
Business Review
We grew our user base and increased our revenues and profits in the third quarter of 2024 despite a challenging macro environment. We achieved a new milestone of over 400 million quarterly average DAUs and recorded strong financial performance, driven by our unwavering dedication to our technology-driven, user-centric business philosophy. Our total revenue grew by
We continued to advance the integration and application of large models for content creation, understanding and recommendation, empowering our content and commercial ecosystem. In the third quarter of 2024, average daily spending with AIGC marketing materials from marketing clients surpassed
User and content ecosystem
In the third quarter of 2024, the average DAUs and MAUs on the Kuaishou App reached 408 million and 714 million, respectively, representing year-over-year increases of
In line with our strategy to promote high-quality user growth, we enhanced our capabilities in leveraging marketing channels for user acquisition and optimized product features, while integrating user acquisition initiatives with commercial scenarios such as e-commerce. These efforts enabled us to expand our user base and enabled more users to access our products more frequently. We also progressed our user retention initiatives by enriching the interactive community experience. For example, to drive user engagement and increase user stickiness, we refined private messaging features across various scenarios, introduced more innovative features and enhanced the comment ranking system. In terms of algorithm, we developed new approaches to improve user retention by modeling users' diverse interests, user-to-user follow relationships and drivers for opening the Kuaishou App.
In terms of content operations, we have established a unique, multi-faceted ecosystem by developing specialized content verticals aligned with users' interests, supporting standout creators whose content represents Kuaishou's distinctive brand, and expanding our brand visibility and user reach with high-profile events. In the sports vertical, as a rights-holding broadcaster of the Olympic Games Paris 2024, we delivered a comprehensive content matrix that included panoramic on-demand event coverage, exclusive self-developed IP content, interactive features, and diverse user-generated content, creating an all-encompassing Olympic experience for users. During the Olympic Games Paris 2024, Olympic-related content on the Kuaishou App generated 310.6 billion impressions, with 640 million users watching the Olympic Games on our platform and generating 15.9 billion interactions.
With respect to our search business, in the third quarter of 2024, we optimized the search results page to improve user experience, significantly increasing our search user penetration. In the third quarter of 2024, average MAUs for Kuaishou searches exceeded 500 million, and average daily searches increased by over
Online marketing services
In the third quarter of 2024, revenue from online marketing services grew by
In the third quarter of 2024, revenue growth of our online marketing services was primarily driven by external marketing clients. Marketing spending in media information, e-commerce platforms and local services grew faster year-over-year. In the media information vertical, marketing spending from commercialized short plays grew significantly. We increased user payment conversion rate through high-quality content offerings and the implementation of smart dynamic subsidy strategies, improved placement outcomes for our marketing clients. In the third quarter of 2024, we accelerated the implementation of the In-Apps Ads (IAA, 應用內廣告) short play model, expanding our user base for free short plays. These efforts contributed to a more than three-fold year-over-year increase in short-play marketing spending during the same period. We also introduced differentiated Universal Auto X (UAX, 全自動投放解決方案) placement solutions for various industries and scenarios, enhancing the stability of clients' marketing placements and driving increased budget allocation. As a result, total marketing spending through UAX accounted for approximately
Revenue growth of our closed-loop marketing services remained robust in the third quarter of 2024. The number of monthly active merchants using marketing placements increased by over
In terms of brand marketing services, we provide clients with integrated solutions that drive both brand awareness and sales conversion through marketing science, KOL recommendations, and customized strategies to attract marketing clients. In the third quarter of 2024, we also capitalized on the Olympic Games Paris 2024 by partnering with over 150 brands, including Yili, China Mobile and FAW-Volkswagen, to support these clients' rapid growth on Kuaishou with innovative marketing solutions empowered by our "sports+" strategy and content ecosystem.
E-commerce
Our e-commerce business in the third quarter of 2024 demonstrated its differentiation and resilience despite the third quarter being a traditionally slow season for e-commerce and ongoing challenges in consumer demand. We maintained strong market presence due to our solid foundation in content-based e-commerce and our strategy to provide "exceptional content, superior product." By strategically refocusing on live streaming e-commerce, further unlocking the potential of short video e-commerce, and steadily expanding our pan shelf-based e-commerce, we are maximizing synergies across multiple e-commerce scenarios. These efforts to boost e-commerce supply, enrich our e-commerce ecosystem and increase user spending drove a
On the supply side, the number of average monthly active merchants increased by over
To enhance our content-based e-commerce, we customized operations for KOLs in different tiers. For top-tier KOLs, we introduced marketing features and tools, such as Exclusive Mega Group Buy (購物團) and Mega Crowd Deals (萬人團), to incentivize them to live stream and enhance the value of their content. To support small and medium-sized KOLs, we launched our Rising Star Initiative (新星計劃) in August 2024, which provides cash incentives and traffic support while collaborating with regional service providers for local operations. In the third quarter of 2024, these initiatives helped small and medium-sized KOLs achieve strong growth, increasing their average daily GMV by over
While stabilizing and growing our content-based e-commerce, our pan shelf-based e-commerce has become an increasingly effective complement. In the third quarter of 2024, pan shelf-based e-commerce GMV accounted for
The continued enrichment of our e-commerce supply and ecosystem and increased synergies across e-commerce scenarios further stimulated user demand. In the third quarter of 2024, the number of e-commerce monthly active paying users grew by
Live streaming
In the third quarter of 2024, revenue from our live-streaming business was
We continued to expand the variety of high-quality content on our platform, with rich entertainment and local cultural content as foundational pillars. We focused on different niche areas and launched multiple content IPs featuring talented streamers, such as the Grand Stage (直播大舞台) and the New Episodes of National Arts (國藝有新番) live-streaming programs. By integrating content IPs with local culture and tourism, we successfully promoted the development of local cultural and tourism industries. To further enhance our gaming live-streaming ecosystem, we implemented a comprehensive content marketing strategy that included incubation of new games, game distribution through live streaming, and cultivation of top-tier influencers, among other initiatives. We also developed gaming content with distinct Kuaishou characteristics. In the third quarter of 2024, the number of active gaming live-streaming creators exceeded 30 million, strengthening the appeal of our diverse top-notch content to live-streaming users.
Our "live streaming+" services continued to empower traditional industries. For example, we continued to advance our services related to recruitment and real estate, leading to ongoing rapid growth in the number of customers served and transaction scale. In the third quarter of 2024, the average daily number of resume submissions on Kwai Hire (快聘) nearly doubled, and matching rate grew by over
Overseas
We progressed our overseas business in
In terms of monetization, we continued to enhance marketing clients' experience with improved traffic mechanisms and efficiency while ensuring a healthy ecosystem. We also embedded new traffic scenarios to increase marketing revenue, resulting in a year-over-year increase in online marketing revenue that doubled in the third quarter of 2024, and our total overseas revenues reached
About Kuaishou
Kuaishou is a leading content community and social platform in
Forward-Looking Statements
Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "might", "can", "could", "will", "would", "anticipate", "believe", "continue", "estimate", "expect", "forecast", "intend", "plan", "seek", or "timetable". These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this press release or those that might reflect the occurrence of unanticipated events.
For investor and media inquiries, please contact
Kuaishou Technology
Investor Relations
Email: ir@kuaishou.com
CONDENSED CONSOLIDATED INCOME STATEMENT | |||||||||||
Unaudited | Unaudited | ||||||||||
Three Months Ended | Nine Months Ended | ||||||||||
September 30, 2024 | June 30, 2024 | September 30, 2023 | September 30, 2024 | September 30, 2023 | |||||||
RMB'Million | RMB'Million | RMB'Million | RMB'Million | RMB'Million | |||||||
Revenues | 31,131 | 30,975 | 27,948 | 91,514 | 80,909 | ||||||
Cost of revenues | (14,217) | (13,840) | (13,495) | (41,345) | (40,810) | ||||||
Gross profit | 16,914 | 17,135 | 14,453 | 50,169 | 40,099 | ||||||
Selling and marketing expenses | (10,364) | (10,040) | (8,939) | (29,788) | (26,298) | ||||||
Administrative expenses | (796) | (792) | (898) | (2,050) | (2,762) | ||||||
Research and development expenses | (3,100) | (2,805) | (2,967) | (8,748) | (9,042) | ||||||
Other income | 194 | 34 | 434 | 346 | 599 | ||||||
Other gains, net | 271 | 374 | 128 | 1,090 | 213 | ||||||
Operating profit | 3,119 | 3,906 | 2,211 | 11,019 | 2,809 | ||||||
Finance income, net | 37 | 66 | 135 | 217 | 404 | ||||||
Share of losses of investments | (6) | (19) | (26) | (28) | (58) | ||||||
Profit before income tax | 3,150 | 3,953 | 2,320 | 11,208 | 3,155 | ||||||
Income tax benefits/(expenses) | 120 | 27 | (138) | 162 | (368) | ||||||
Profit for the period | 3,270 | 3,980 | 2,182 | 11,370 | 2,787 | ||||||
Attributable to: | |||||||||||
— Equity holders of the Company | 3,268 | 3,979 | 2,181 | 11,366 | 2,788 | ||||||
— Non-controlling interests | 2 | 1 | 1 | 4 | (1) | ||||||
3,270 | 3,980 | 2,182 | 11,370 | 2,787 | |||||||
CONDENSED CONSOLIDATED BALANCE SHEET | ||||
Unaudited | Audited | |||
As of September 30, | As of December 31, 2023 | |||
RMB'Million | RMB'Million | |||
ASSETS | ||||
Non-current assets | ||||
Property and equipment | 13,366 | 12,356 | ||
Right-of-use assets | 9,759 | 10,399 | ||
Intangible assets | 1,064 | 1,073 | ||
Investments accounted for using the equity method | 163 | 214 | ||
Financial assets at fair value through profit or loss | 20,711 | 5,245 | ||
Other financial assets at amortized cost | 74 | 283 | ||
Deferred tax assets | 6,264 | 6,108 | ||
Long-term time deposits | 18,332 | 9,765 | ||
Other non-current assets | 732 | 492 | ||
70,465 | 45,935 | |||
Current assets | ||||
Trade receivables | 6,215 | 6,457 | ||
Prepayments, other receivables and other current assets | 4,599 | 4,919 | ||
Financial assets at fair value through profit or loss | 26,846 | 25,128 | ||
Other financial assets at amortized cost | 518 | 950 | ||
Short-term time deposits | 10,903 | 9,874 | ||
Restricted cash | 83 | 128 | ||
Cash and cash equivalents | 12,466 | 12,905 | ||
61,630 | 60,361 | |||
Total assets | 132,095 | 106,296 | ||
CONDENSED CONSOLIDATED BALANCE SHEET | ||||
Unaudited | Audited | |||
As of September 30, | As of December 31, 2023 | |||
RMB'Million | RMB'Million | |||
EQUITY AND LIABILITIES | ||||
Equity attributable to equity holders of the Company | ||||
Share capital | - | - | ||
Share premium | 269,745 | 273,459 | ||
Treasury shares | - | (88) | ||
Other reserves | 34,718 | 33,183 | ||
Accumulated losses | (246,125) | (257,491) | ||
58,338 | 49,063 | |||
Non-controlling interests | 15 | 11 | ||
Total equity | 58,353 | 49,074 | ||
LIABILITIES | ||||
Non-current liabilities | ||||
Borrowings | 9,000 | - | ||
Lease liabilities | 7,592 | 8,405 | ||
Deferred tax liabilities | 15 | 18 | ||
Other non-current liabilities | 19 | 21 | ||
16,626 | 8,444 | |||
Current liabilities | ||||
Accounts payables | 26,084 | 23,601 | ||
Other payables and accruals | 22,089 | 16,592 | ||
Advances from customers | 4,648 | 4,036 | ||
Income tax liabilities | 399 | 1,222 | ||
Lease liabilities | 3,896 | 3,327 | ||
57,116 | 48,778 | |||
Total liabilities | 73,742 | 57,222 | ||
Total equity and liabilities | 132,095 | 106,296 | ||
Financial Information by Segment | ||||||||||||
Unaudited Three Months Ended | ||||||||||||
September 30, 2024 | June 30, 2024 | September 30, 2023 | ||||||||||
Domestic | Overseas | Unallocated | Total | Domestic | Overseas | Unallocated | Total | Domestic | Overseas | Unallocated | Total | |
RMB'Million | RMB'Million | RMB'Million | ||||||||||
Revenues | 29,800 | 1,331 | - | 31,131 | 29,896 | 1,079 | - | 30,975 | 27,296 | 652 | - | 27,948 |
Operating profit/(loss) | 3,505 | (153) | (233) | 3,119 | 4,498 | (277) | (315) | 3,906 | 3,155 | (635) | (309) | 2,211 |
Unaudited Nine Months Ended | ||||||||
September 30, 2024 | September 30, 2023 | |||||||
Domestic | Overseas | Unallocated | Total | Domestic | Overseas | Unallocated | Total | |
RMB'Million | RMB'Million | |||||||
Revenues | 88,113 | 3,401 | - | 91,514 | 79,472 | 1,437 | - | 80,909 |
Operating profit/(loss) | 11,994 | (698) | (277) | 11,019 | 7,152 | (2,238) | (2,105) | 2,809 |
Reconciliation of Non-IFRS Accounting Standards Measures to the Nearest IFRS Accounting Standards Measures | |||||||||
Unaudited | Unaudited | ||||||||
Three Months Ended | Nine Months Ended | ||||||||
September 30, | June 30, | September 30, | September 30, | September 30, | |||||
2024 | 2024 | 2023 | 2024 | 2023 | |||||
RMB'Million | RMB'Million | RMB'Million | RMB'Million | RMB'Million | |||||
Profit for the period | 3,270 | 3,980 | 2,182 | 11,370 | 2,787 | ||||
Adjusted for: | |||||||||
Share-based compensation expenses | 698 | 723 | 871 | 1,713 | 2,917 | ||||
Net fair value changes on | (20) | (24) | 120 | (68) | 205 | ||||
Adjusted net profit | 3,948 | 4,679 | 3,173 | 13,015 | 5,909 | ||||
Adjusted net profit | 3,948 | 4,679 | 3,173 | 13,015 | 5,909 | ||||
Adjusted for: | |||||||||
Income tax (benefits)/expenses | (120) | (27) | 138 | (162) | 368 | ||||
Depreciation of property and | 997 | 997 | 1,029 | 2,971 | 2,971 | ||||
Depreciation of right-of-use assets | 765 | 735 | 737 | 2,216 | 2,333 | ||||
Amortization of intangible assets | 25 | 26 | 38 | 78 | 115 | ||||
Finance income, net | (37) | (66) | (135) | (217) | (404) | ||||
Adjusted EBITDA | 5,578 | 6,344 | 4,980 | 17,901 | 11,292 | ||||
Note: | |||||||||
(1) Net fair value changes on investments represents net fair value (gains)/losses on financial assets at fair value through profit or loss of our investments in listed and unlisted entities, net (gains)/losses on deemed disposals of investments and impairment provision for investments, which is unrelated to our core business and operating performance and subject to market fluctuations, and exclusion of which provides investors with more relevant and useful information to evaluate our performance. | |||||||||
View original content:https://www.prnewswire.com/news-releases/kuaishou-technology-announces-third-quarter-2024-unaudited-financial-results-302311164.html
SOURCE Kuaishou Technology
FAQ
What was Kuaishou's (KSHTY) total revenue in Q3 2024?
How much did Kuaishou's (KSHTY) e-commerce GMV grow in Q3 2024?
What was Kuaishou's (KSHTY) user base growth in Q3 2024?
What was Kuaishou's (KSHTY) adjusted net profit in Q3 2024?
