智通财经网·2025-11-20 01:52Core Insights - Kuaishou-W (01024) shares rose over 4% post-earnings report, currently trading at 65.45 HKD with a transaction volume of 790 million HKD [1] Financial Performance - For Q3 2025, Kuaishou reported revenue of 35.554 billion CNY, a year-on-year increase of 14.2% [1] - Gross profit reached 19.434 billion CNY, up 14.9% year-on-year [1] - Operating profit was 5.299 billion CNY, reflecting a significant increase of 69.9% year-on-year [1] - Net profit for the period was 4.489 billion CNY, a year-on-year increase of 37.3% [1] - Adjusted net profit amounted to 4.986 billion CNY, up 26.3% year-on-year [1] - Adjusted EBITDA was 7.653 billion CNY, showing a year-on-year increase of 37.2% [1] User Engagement - The average daily active users of the Kuaishou app exceeded 416 million, marking a historical high for three consecutive quarters [1] Strategic Investments - The company is committed to increasing investments in AI technology, which is enhancing both content and commercial ecosystems [1] - CFO Jin Bing indicated that the company will continue to increase AI-related expenditures, expecting a mid-to-high double-digit percentage growth in overall Capex for 2025 compared to the previous year [1] - The revenue from Kuaishou's AI business, Keling AI, is projected to reach approximately 140 million USD for the full year 2025, surpassing the initial target of 60 million USD [1]