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]

智通财经获悉，2025年第三季度，快手应用的平均日活跃用户规模再创历史新高达4.16亿，平均月活跃 用户达到7.31亿，平台双关用户的日均私信渗透率同比提升超3%，平台流量稳健增长，社区活力持续 增强。 ...

Core Insights - Kuaishou-W (01024) reported Q3 2025 earnings with revenue of RMB 35.554 billion, a year-on-year increase of 14.2% [1] - Gross profit reached RMB 19.434 billion, up 14.9% year-on-year, while operating profit surged 69.9% to RMB 5.299 billion [1] - Net profit for the period was RMB 4.489 billion, reflecting a 37.3% year-on-year increase, with adjusted net profit at RMB 4.986 billion, up 26.3% [1] - The 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, Kuaishou achieved revenue of RMB 103.208 billion, a 12.8% increase year-on-year [3] - Gross profit for the same period was RMB 56.73 billion, up 13.1%, while operating profit rose 34.7% to RMB 14.847 billion [3] - Adjusted net profit for the first nine months was RMB 15.184 billion, reflecting a 16.7% year-on-year increase [3] Business Developments - The company launched the end-to-end generative search architecture OneSearch, improving product matching and user experience, resulting in a nearly 5.0% increase in search order volume [2] - The AI capabilities were leveraged in the live streaming sector with the introduction of AI-customized gift features, enhancing user interaction and willingness to pay [2] - Kuaishou collaborated with Beijing Satellite TV for the 2025 Kuaishou Super Summer Evening, achieving a peak concurrent online audience of over 5.4 million [2]

人民财讯11月19日电，11月19日，快手披露2025年三季度财报。财报显示，今年第三季度可灵AI营业收 入超过3亿元，全球用户规模突破4500万，累计生成超2亿个视频与4亿张图片。 ...

Core Insights - Kuaishou Technology reported Q3 revenue of 35.55 billion RMB, exceeding the estimate of 35.32 billion RMB [1] - Adjusted net profit for Q3 was 4.99 billion RMB, surpassing the forecast of 4.83 billion RMB [1] - Net profit for Q3 reached 4.49 billion RMB, higher than the expected 4.15 billion RMB [1] Financial Performance - Adjusted EBITDA for Q3 was 7.65 billion RMB [1] - Live streaming revenue for Q3 was 9.57 billion RMB, below the estimate of 9.79 billion RMB [1] - Online marketing services revenue for Q3 amounted to 20.1 billion RMB [1] User Metrics - Average monthly active users in Q3 were 731 million, slightly above the estimate of 730 million [1]

Core Insights - Kuaishou reported a total revenue of 35.6 billion yuan for Q3 2025, representing a year-on-year growth of 14.2% [1] - The core business revenue, which includes online marketing services and e-commerce, grew by 19.2% year-on-year [1] - Operating profit increased by 69.9% year-on-year to 5.3 billion yuan, while adjusted net profit rose by 26.3% year-on-year to 5 billion yuan [1] Revenue Breakdown - Total revenue for Q3 2025 reached 35.6 billion yuan, marking a 14.2% increase compared to the same period last year [1] - Core business revenue, primarily driven by online marketing and e-commerce services, saw a significant growth of 19.2% year-on-year [1] Profitability Metrics - Operating profit for the quarter surged by 69.9% year-on-year, amounting to 5.3 billion yuan [1] - Adjusted net profit also experienced a substantial increase of 26.3% year-on-year, totaling 5 billion yuan [1]

2025年第三季度，快手应用的平均日活跃用户规模再创历史新高达4.16亿，平均月活跃用户达到7.31 亿，平台双关用户的日均私信渗透率同比提升超3%，平台流量稳健增长，社区活力持续增强。 ...

Core Insights - Kuaishou reported a total revenue of 35.6 billion yuan for Q3 2025, representing a year-on-year growth of 14.2% [1] - The core business revenue, which includes online marketing services and e-commerce, grew by 19.2% year-on-year [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 [1] Revenue Breakdown - Total revenue reached 35.6 billion yuan, marking a 14.2% increase compared to the previous year [1] - Core business revenue, primarily driven by online marketing and e-commerce services, saw a 19.2% year-on-year growth [1] Profitability Metrics - Operating profit for the quarter was 5.3 billion yuan, reflecting a significant year-on-year increase of 69.9% [1] - Adjusted net profit stood at 5 billion yuan, which is a 26.3% increase from the same period last year [1]

Core Insights - Kuaishou's online marketing service revenue reached 20.1 billion yuan in Q3 2025, representing a year-on-year growth of 14%, with the growth rate continuing to improve compared to the previous quarter [1] Group 1: Revenue Performance - The online marketing service revenue for Kuaishou in Q3 2025 was 20.1 billion yuan, showing a 14% increase year-on-year [1] - The growth rate of revenue has continued to improve compared to the previous quarter [1] Group 2: AI Technology Impact - Kuaishou leveraged AI capabilities such as the generative recommendation model OneRec and the generative reinforcement learning bidding model G4RL to significantly enhance efficiency in marketing material matching and bidding [1] - AI technology contributed approximately 4-5% of the incremental revenue for Kuaishou's domestic online marketing services in this quarter [1] Group 3: AIGC Marketing Material - The penetration rate of AI-generated content (AIGC) in marketing scenarios has significantly increased, with online marketing service consumption from AIGC marketing materials exceeding 3 billion yuan in Q3 [1]

Core Viewpoint - Kuaishou Technology reported a strong performance in Q3, with revenue and adjusted net profit exceeding market expectations, indicating robust growth in its e-commerce segment [1] Financial Performance - Q3 revenue reached 35.55 billion RMB, representing a year-on-year increase of 14.2%, surpassing the forecast of 35.32 billion RMB [1] - Adjusted net profit for Q3 was 4.99 billion RMB, up 26.3% year-on-year, exceeding the expected 4.83 billion RMB [1] E-commerce Growth - In Q3 2025, Kuaishou's e-commerce business GMV grew by 15.2% year-on-year, reaching 385 billion RMB [1]