Zhi Tong Cai Jing·2025-11-19 08:57Core 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]