Kuaishou Technology: Set to Report Strong Q4 and Full Year Results

Kuaishou Technology ("Kuaishou" or the "Company"; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, is set to report its financial results for the fourth quarter and full fiscal year ended December 31, 2024, after the Hong Kong market closes on Tuesday, March 25, 2025. The Company's management will host a conference call on the same day at 7:00 PM Beijing Time (7:00 AM U.S. Eastern Time) to discuss the results.

Kuaishou's commitment to developing breakthrough technology that creates more value for its users has propelled its user base to record-breaking heights. In the third quarter of 2024, the Kuaishou App achieved average DAUs (Daily Active Users) of 407.5 million and average MAUs (Monthly Active Users) of 714.1 million, representing increases of 5.4% and 4.3% year-over-year, respectively. This increased engagement across the ecosystem has fueled steady commercial growth, with total revenue rising 11.4% year-over-year in the third quarter to RMB31.1 billion. Notably, revenue from the company's core businesses, including online marketing services and e-commerce, grew nearly 20.0% year-over-year.



Kuaishou's AI strategy has been instrumental in driving user engagement, commercial growth, and profitability. The company's globally leading large video generation model, Kling AI, is setting new industry standards, redefining how content is created, personalized, and experienced. As a result, Kuaishou's adjusted net profit rose by 24.4% year-over-year to RMB3.9 billion in the third quarter of 2024, demonstrating the company's ability to increase profitability.

Looking ahead to the upcoming financial results, Kuaishou Technology is expected to continue its strong revenue growth trajectory. The company's commitment to developing breakthrough technology, increased user engagement, and AI strategy are all likely to contribute to this growth. As Kuaishou continues to optimize its smart placement capabilities and algorithms, it is likely to see increased consumption from marketing clients, further driving revenue growth.



In conclusion, Kuaishou Technology's upcoming financial results are expected to reflect the company's strong performance in the fourth quarter and full fiscal year of 2024. The company's commitment to developing breakthrough technology, increased user engagement, and AI strategy have all contributed to its growth and profitability. As Kuaishou continues to innovate and adapt to the dynamic market, it is well-positioned to maintain and grow its market share in the long run.