Kuaishou's adjusted net income for Q3 was 3.948 billion yuan, a year-on-year increase of 24.4%, with average daily active users increasing by 5.4% to reach 0.408 billion.
Driven by online marketing services and e-commerce revenue, $KUAISHOU-W (01024.HK)$ The profitability in the third quarter continued to improve, with a 24% year-on-year growth in adjusted net income and a record high number of active users.
On Wednesday, November 20, after the Hong Kong stock market closed, Kuaishou Technology announced its third-quarter performance report ending on September 30.
1) Key Financial Figures:
Revenue: Kuaishou's Q3 revenue was 31.13 billion yuan, estimated at 31.03 billion yuan, an 11.4% year-on-year increase. This includes core business income, mainly from online marketing services and e-commerce, which grew by nearly 20% year-on-year.
Profit: Kuaishou's Q3 adjusted net income was 3.948 billion yuan, a 24.4% year-on-year increase. The adjusted EBITDA was 5.58 billion yuan, a 12% year-on-year growth, and Q3 gross profit increased by 17% to 16.91 billion yuan.
2) Business revenue data
Online marketing services: In Q3, revenue increased by 20% year-on-year to 17.6 billion yuan, mainly due to the continuous optimization of asia vets delivery capabilities and algorithms, driving increased consumption by marketing clients.
Live streaming business: In Q3, revenue decreased by 3.9% from the same period last year to 9.3 billion yuan, the report stated that this was due to "our continuous efforts to build a healthy and sustainable live streaming ecosystem".
Other services: Achieved revenue of 4.2 billion yuan in Q3, with a 17.5% year-on-year growth, mainly benefiting from the increase in revenue from e-commerce business.
In terms of user data, in the third quarter, the user base of the short video app reached a new historical high, with average daily active users increasing by 5.4% year-on-year to 0.408 billion, average monthly active users increasing by 4.3% year-on-year to 0.714 billion, and the third-quarter e-commerce GMV reaching 334.16 billion yuan.
Traffic end steady growth, with Q3 total user usage time increasing by 7.3% year-on-year, and daily average live streaming and short video views approaching 110 billion times.
Editor/rice
