November 19, 2025 05:17 PM GMT Kuaishou Technology | Asia Pacific M Update 3Q25 in line but outlook is weaker than expected; stay EW Reaction to earnings Unchanged In-line Modest revision lower Impact to our thesis Financial results versus consensus Direction of next 12-month Source: Company data, Morgan Stanley Research 4Q revenue outlook and early color on 2026 are both slight shy of market expectations, though cost control can help profit. 3Q25 results came in line with our estimates: See 3Q25 results su ...