KUAISHOU TECH UNSP/ADR - KSHTY STOCK NEWS

Kuaishou Technology (HK:1024) reported Q4 2022 results, showcasing significant growth. Average DAUs and MAUs reached 366.2 million and 640.0 million, up 13.3% and 10.7% year-over-year, respectively. Revenue increased 15.8% to RMB28.3 billion, driven by online marketing services and live streaming, contributing 53.4% and 35.5% to total revenue. Gross profit surged 26.9% to RMB12.9 billion, with a gross profit margin of 45.5%. E-commerce GMV rose 30% to RMB312.4 billion. For the full year, total revenue grew 16.2% to RMB94.2 billion, and e-commerce GMV exceeded RMB900 billion. The company turned adjusted EBITDA positive, indicating improved operational efficiency.

Kuaishou Technology, a leading social platform, will release its financial results for Q4 and the full fiscal year 2022 on March 29, 2023, after the Hong Kong market closes. A conference call hosted by the management will take place at 7:00 PM Beijing Time (7:00 AM U.S. Eastern Time) on the same day to discuss these results. Participants can pre-register for the call, with options for Chinese and English interpretation. Archived webcasts will be accessible on the company's investor relations website. For further details, visit here.

Kuaishou Technology reported robust Q3 2022 results, with total revenue rising by 12.9% year-over-year to RMB23.1 billion. Average Daily Active Users (DAUs) reached 363.4 million, a 13.4% increase from Q3 2021. Gross profit surged 25.8% to RMB10.7 billion, with a gross profit margin of 46.3%. The company also achieved online marketing revenue of RMB11.6 billion, a 6.2% growth. However, total available funds stood at RMB43.5 billion as of September 30, 2022, indicating a solid financial buffer amid ongoing macroeconomic challenges.

Kuaishou Technology, a prominent social platform, will release its unaudited consolidated third quarter results for the three and nine months ending September 30, 2022, after the Hong Kong market closes on November 22, 2022.

A conference call to discuss these results will occur on the same day at 8:00 PM Beijing Time (7:00 AM U.S. Eastern Time). Pre-registration is required, with options for Chinese and English simultaneous interpretation available. Investors can access live and archived webcasts on the company's investor relations website.

Kuaishou Technology reported strong results for Q2 2022, with total revenue up by 13.4% to RMB21.7 billion. The average daily active users (DAUs) increased to 347.3 million (+18.5%), and average time spent rose to 125.2 minutes per DAU (+17.1%). Notable achievements include the total gross merchandise value (GMV) from e-commerce reaching RMB191.2 billion (up 31.5%). The domestic segment achieved an operating profit of RMB93.6 million, marking a turnaround from a loss of RMB1.0 billion in Q2 2021. Adjusted net loss margin improved to 6.0%.

Kuaishou Technology, a prominent content community platform, will announce its unaudited consolidated results for the second quarter and first half of 2022 on August 23, 2022, after the close of the Hong Kong market. A conference call is scheduled for the same day at 7:00 PM Beijing Time, where management will discuss the results. Participants must pre-register for the call, which offers both Chinese and English interpretation options. Archived webcasts will be available on the investor relations website, and replays can be accessed until August 29, 2022.

Kuaishou has attained ISO/IEC 27701 and ISO/IEC 27001 certifications in China and several regions including Latin America, Southeast Asia, South Asia, and the Middle East. These certifications affirm Kuaishou's dedication to managing information security and privacy at international standards. The rigorous evaluation by an independent auditor confirmed that Kuaishou effectively controls its information security risks and maintains high security standards. Kuaishou aims to enhance its investment in information security and provide users with secure services.

Kuaishou Technology reported robust Q1 2022 results with total revenue rising by 23.8% year-over-year to RMB21.1 billion. Average daily active users increased to 345.5 million, up by 17.0%. Revenue from online marketing services surged 32.6% year-over-year to RMB11.4 billion, while total GMV from e-commerce hit RMB175.1 billion, a 47.7% jump. Gross profit also saw a 25.7% increase, reaching RMB8.8 billion. The company reported a narrowed adjusted net loss of RMB3.7 billion, improving from RMB5.7 billion in Q1 2021.