Cai Jing Wang·2025-11-19 09:12Core 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]