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Kingsoft Cloud (KC) Reports Faster Growth and Sharp Reduction in Losses in Q3
Yahoo Finance· 2025-11-26 19:50
Core Insights - Kingsoft Cloud Holdings Limited (NASDAQ:KC) reported its unaudited Q3 2025 results, showing a significant revenue increase and reduced losses compared to the same quarter last year [1][2] - Total revenues reached RMB 2.48 billion, marking a 31.4% increase from Q3 2024 and exceeding analyst expectations by 1% to 1.1% [1] - The growth acceleration from 16.1% in Q2 was driven by heightened demand for AI computing services in the public cloud segment [1] Financial Performance - The company reported a net loss of RMB 7.8 million, significantly improved from a loss of RMB 1.06 billion in Q3 2024 [2] - The loss per share was RMB 0.00, better than the consensus expectations of RMB 0.06 to RMB 0.07 loss per share [2] - Adjusted net profit turned positive for the first time at RMB 28.7 million, attributed to efficient expense management and one-time income boosts [2] Company Overview - Kingsoft Cloud is one of China's largest independent cloud service providers, offering public cloud, enterprise cloud, and AI-powered solutions across various industries including gaming, healthcare, and finance [3]