Core Insights - Kingsoft Cloud reported Q2 2025 revenue of 2.35 billion yuan, representing a year-on-year growth of 24.2% and a quarter-on-quarter growth of 19.3% [1] - Public cloud revenue reached 1.63 billion yuan, up 31.7% year-on-year, while industry cloud revenue was 720 million yuan, growing 10.1% year-on-year [1] - Adjusted EBITDA increased by 570.1% year-on-year to 410 million yuan, with an adjusted EBITDA margin of 17.3%, up 14.1 percentage points year-on-year [1] Revenue Breakdown - AI billing revenue reached 730 million yuan, with a year-on-year growth exceeding 120%, accounting for 45% of public cloud revenue [1] - Revenue from the Xiaomi-Kingsoft ecosystem amounted to 630 million yuan, a year-on-year increase of 69.5%, further increasing its revenue share to 26.8% [1] - In the first half of 2025, revenue from the Xiaomi-Kingsoft ecosystem totaled 1.13 billion yuan, representing 40% of the annual related transaction cap for 2025 [1] Half-Year Performance - For the first half of 2025, Kingsoft Cloud achieved approximately 4.319 billion yuan in revenue, a year-on-year increase of 17.8% [1] - Gross profit for the same period was approximately 657 million yuan, up 7.4% year-on-year [1] - Adjusted EBITDA for the first half of 2025 was approximately 725 million yuan, reflecting a year-on-year growth of 672.62%, with an adjusted EBITDA margin of 16.8%, an increase of 14.2 percentage points compared to the same period in 2024 [1]
金山云2025年第二季度营收同增24.2%至23.5亿元 AI收入增至7.3亿元