Core Insights - Kuaishou reported a 14.2% year-on-year revenue growth in Q3, reaching 35.554 billion yuan, with operating profit increasing by 69.9% to 5.299 billion yuan and adjusted net profit rising by 26.3% to 4.986 billion yuan [1] Revenue Breakdown - Revenue from other services, including e-commerce and Keling AI, grew by 41.3% to 5.9 billion yuan, driven primarily by the growth in e-commerce and Keling AI [1] - Online marketing service revenue increased by 14% to 20.1 billion yuan [1] - Live streaming revenue saw a modest growth of 2.5%, totaling 9.6 billion yuan [1] User Engagement - The average daily active users of the Kuaishou app reached 416 million, while the average monthly active users stood at 731 million [2]

Core Insights - Kuaishou's Q3 revenue increased by 14% year-on-year to RMB 35.6 billion, with operating profit rising by 69.9% to RMB 5.299 billion, achieving a record high operating margin [1][2] - The average daily active users (DAU) exceeded 416.2 million, marking three consecutive quarters of historical highs [1][4] Financial Performance - Q3 revenue grew by 14.2% to RMB 35.6 billion [2] - Net profit reached RMB 4.5 billion, a year-on-year increase of 37.3% [2] - Adjusted net profit amounted to RMB 5 billion, up 26.3% year-on-year, with an adjusted net profit margin of 14.0%, an increase of 1.3 percentage points from the previous year [2][3] - Total revenue for the first three quarters reached RMB 103.2 billion, a year-on-year increase of 12.8% [2] Business Segments - User Metrics: DAU reached 416.2 million, with monthly active users (MAU) at 731.1 million; total user engagement time increased by 3.6% year-on-year [4] - Online Marketing Services: Revenue was RMB 20.1 billion, a year-on-year increase of 14.0%, with AI technology contributing 4%-5% to growth [4][5] - E-commerce: GMV reached RMB 385 billion, a year-on-year increase of 15.2%, with a total GMV of RMB 1.08 trillion for the first nine months [4][6] - Live Streaming: Revenue grew by 2.5% year-on-year to RMB 9.6 billion [4][6] AI and Technological Advancements - Kuaishou's AI business made significant progress, with the launch of the Keling AI 2.5 Turbo model, which reduced content generation costs by nearly 30% [5] - AI applications in online marketing services contributed approximately 4%-5% to revenue growth, with over RMB 3 billion in revenue from AI services in Q3 [5] - AI-driven enhancements in e-commerce led to nearly 5% increase in search order volume [5] International Operations - The overseas business, primarily in Brazil, reported a loss of RMB 64 million in Q3, a reduction of 58.2% year-on-year, indicating improved market potential and operational efficiency [6]

Core Insights - Kuaishou's live streaming business revenue increased by 2.5% year-on-year to RMB 9.6 billion in Q3 2025 [1] - The number of signed guilds rose by over 17.0% year-on-year by the end of Q3 2025 [1] - The number of signed streamers increased by over 20.0% year-on-year by the end of Q3 2025 [1]

格隆汇11月19日｜快手(1024.HK)公告，2025年第三季度，快手应用的平均日活跃用户超416.2百万，连 续三个季度突破历史新高。2025年第三季度，总收入同比增长14.2%至人民币356亿元，其中，包含线 上营销服务和以电商为主的其他服务在内的核心商业收入，同比增长19.2%，经调整利润净额达到人民 币50亿元，同比增长26.3%，经调整净利润率达14.0%。 ...

快手披露的2025年第三季度财报显示，三季度快手应用平均日活跃用户达4.16亿，上年同期为4.08亿， 连续三个季度刷新历史记录。三季度其平均月活跃用户达7.31亿，上年同期为7.14亿。 (本文来自第一财经) ...

Core Insights - Kuaishou reported a 14.2% year-on-year revenue growth in Q3 2025, reaching 35.6 billion yuan, with core business revenue, including online marketing services and e-commerce, growing by 19.2% [1] - Operating profit increased by 69.9% year-on-year to 5.3 billion yuan, while adjusted net profit rose by 26.3% to 5 billion yuan, achieving an adjusted net profit margin of 14% [1] - The average daily active users reached 416 million, marking a historical high for three consecutive quarters, with monthly active users at 731 million [1] Revenue Breakdown - Online marketing services revenue for Q3 2025 was 20.1 billion yuan, reflecting a 14% year-on-year increase [1] - E-commerce gross merchandise volume (GMV) grew by 15.2% year-on-year to 385 billion yuan [1] - Live streaming revenue amounted to 9.6 billion yuan, with a healthy development of the guild ecosystem, showing over 17% growth in signed guilds and over 20% growth in signed streamers year-on-year [1] AI Business Performance - Kuaishou's AI business generated over 300 million yuan in revenue during Q3, with global user count surpassing 45 million and over 200 million videos and 400 million images generated cumulatively [1]

新浪科技讯 11月19日下午消息，快手公布第三季度业绩。财报显示，本季度快手总营收同比增长14.2% 至356亿元，其中包含线上营销服务和以电商为主的其他服务在内的核心商业收入同比增长19.2%。在 保持对AI战略的持续投入下，快手第三季度经营利润同比增长69.9%至53亿元，经调整净利润同比增长 26.3%至50亿元。 责任编辑：何俊熹 用户规模方面，本季度，快手应用平均日活跃用户数达4.16亿，连续三个季度再创历史新高；平均月活 跃用户达到7.31亿。用户粘性也进一步增强，三季度平台双关用户的日均私信渗透率同比提升超3%。 快手科技创始人兼首席执行官程一笑表示："得益于AI能力在快手各业务场景中的深度融合，本季度再 次实现了稳健的运营指标与财务表现。展望未来，我们将持续推进AI战略在多元业务场景中的落地， 以实现更高运营效率，为用户、创作者及合作伙伴提供卓越的使用体验，并为股东创造长期价值。" ...

Core Viewpoint - Kuaishou reported a third-quarter revenue of 35.55 billion yuan, representing a year-on-year growth of 14.2%, surpassing the estimated 35.32 billion yuan [1] - The adjusted net profit for the third quarter was 4.99 billion yuan, reflecting a year-on-year increase of 26.3%, exceeding the forecast of 4.83 billion yuan [1] - The GMV of Kuaishou's e-commerce business grew by 15.2% year-on-year, reaching 385 billion yuan in the third quarter of 2025 [1] Financial Performance - Third-quarter revenue: 35.55 billion yuan, up 14.2% year-on-year, compared to an estimate of 35.32 billion yuan [1] - Adjusted net profit for the third quarter: 4.99 billion yuan, up 26.3% year-on-year, exceeding the forecast of 4.83 billion yuan [1] E-commerce Growth - Kuaishou's e-commerce GMV for the third quarter of 2025 reached 385 billion yuan, marking a year-on-year growth of 15.2% [1]

人民财讯11月19日电，11月19日，快手披露的2025年第三季度财报显示，三季度快手应用平均日活跃用 户达4.16亿，上年同期为4.08亿，连续三个季度刷新历史记录。三季度其平均月活跃用户达7.31亿，上 年同期为7.14亿。 转自：证券时报 ...

Core Insights - Kuaishou-W (01024) reported Q3 2025 revenue of RMB 35.554 billion, a year-on-year increase of 14.2% [1] - The company achieved a gross profit of RMB 19.434 billion, up 14.9% year-on-year, and an operating profit of RMB 5.299 billion, which is a significant increase of 69.9% [1] - The net profit for the period was RMB 4.489 billion, reflecting a year-on-year growth of 37.3%, while adjusted net profit reached RMB 4.986 billion, up 26.3% [1] - Average daily active users of the Kuaishou app exceeded 416 million, marking a historical high for three consecutive quarters [1] Financial Performance - For the first nine months of 2025, Kuaishou achieved revenue of RMB 103.208 billion, a year-on-year increase of 12.8% [3] - Gross profit for the same period was RMB 56.73 billion, up 13.1%, with operating profit reaching RMB 14.847 billion, a 34.7% increase [3] - The adjusted EBITDA for the first nine months was RMB 21.802 billion, reflecting a year-on-year growth of 21.8% [3] Business Developments - The company launched the end-to-end generative search architecture OneSearch, enhancing product matching and user experience, resulting in a nearly 5% increase in search order volume [2] - The AI capabilities were leveraged to introduce personalized gift effects in live streaming, enhancing user interaction and willingness to pay [2] - Kuaishou collaborated with Beijing Satellite TV for the 2025 Kuaishou Super Summer Gala, achieving a peak of over 5.4 million concurrent viewers [2]