Kuaishou Technology Announces Second Quarter and Interim 2026 Unaudited Financial Results
Second Quarter 2026 Key Highlights
- Average DAUs on Kuaishou APP were 412.3 million, representing an increase of 0.8% from 408.9 million for the same period of 2025.
- Average MAUs on Kuaishou APP were 797.3 million, representing an increase of 11.5% from 714.8 million for the same period of 2025.
- Total revenue increased by 1.4% to
RMB35.5 billion fromRMB35.0 billion for the same period of 2025. Online marketing services and live streaming contributed 58.1% and 24.5%, respectively, to the total revenue. The other 17.4% came from other services. - Gross profit was
RMB18.3 billion , compared toRMB19.5 billion for the same period of 2025. Gross profit margin in the second quarter of 2026 was 51.6%, compared to 55.7% for the same period of 2025. - Profit for the period was
RMB3.2 billion , compared toRMB4.9 billion for the same period of 2025. Adjusted net profit(1) wasRMB3.9 billion , compared toRMB5.6 billion for the same period of 2025. - Operating profit from the domestic segment(2) was
RMB3.7 billion , compared toRMB5.4 billion for the same period of 2025. Operating loss from the overseas segment(2) wasRMB25 million , compared to operating profit ofRMB19 million for the same period of 2025.
First Half 2026 Key Highlights
- Average DAUs on Kuaishou APP were 412.5 million, representing an increase of 1.0% from 408.5 million for the same period of 2025.
- Average MAUs on Kuaishou APP were 784.5 million, representing an increase of 10.0% from 713.3 million for the same period of 2025.
- Total revenue increased by 2.4% to
RMB69.3 billion fromRMB67.7 billion for the same period of 2025. Online marketing services and live streaming contributed 58.2% and 24.8%, respectively, to the total revenue. The other 17.0% came from other services. - Gross profit was
RMB35.6 billion , compared toRMB37.3 billion for the same period of 2025. Gross profit margin was 51.4%, compared to 55.1% for the same period of 2025. - Profit for the period was
RMB6.1 billion , compared toRMB8.9 billion for the same period of 2025. Adjusted net profit(1) wasRMB7.3 billion , compared toRMB10.2 billion for the same period of 2025. - Operating profit from the domestic segment(2) was
RMB6.8 billion , compared toRMB9.7 billion for the same period of 2025. Operating loss from the overseas segment(2) wasRMB56 million , compared to operating profit ofRMB47 million for the same period of 2025. - During the six months ended
June 30, 2026 and up toAugust 19, 2026 , the Company repurchased a total of 43,302,200 shares on the Hong Kong Stock Exchange at an aggregate consideration ofHKD1.97 billion .
Mr. Cheng Yixiao, Co-founder, Chairman, and Chief Executive Officer of Kuaishou, commented, "In the second quarter of 2026, we continued to unlock the strategic value of AI and delivered solid financial and operating performance amid a complex macroeconomic environment. We accelerated the integration of AI across our content ecosystem, online marketing, e-commerce and internal organizational enablement, enhancing both user experience and commercial efficiency. During the quarter, the average DAUs on the Kuaishou App reached 412.3 million and total revenues reached
Second Quarter 2026 Financial Review
Revenue from our online marketing services increased by 4.4% to
Revenue from our live streaming business decreased by 13.5% to
Revenue from our other services increased by 18.5% to
Other Key Financial Information for the Second Quarter of 2026
Operating profit was
Adjusted EBITDA(3) was
Total available funds(4) reached
Notes:
(1) We define "adjusted net profit" as profit for the period adjusted by share-based compensation expenses and net fair value changes on investments.
(2) Unallocated items, which consist of share-based compensation expenses, other income, and other gains, net, are not included.
(3) We define "adjusted EBITDA" as adjusted net profit for the period adjusted by income tax expenses, depreciation of property and equipment, depreciation of right-of-use assets, amortization of intangible assets, and finance expenses, net.
(4) Total available funds which we considered in cash management included but not limited to cash and cash equivalents, time deposits, financial assets and restricted cash. Financial assets mainly included wealth management products and others.
Business Review
In the second quarter of 2026, amid a complex macroeconomic environment and industry competition, we remained committed to our long-term vision and strategic AI investments, achieving high-quality growth. In the second quarter of 2026, the average DAUs on the Kuaishou App reached 412.3 million. Total revenues increased by 1.4% year-over-year to
AI business
In the second quarter of 2026, Kling AI continued to advance its vision of "empowering everyone to craft captivating stories with AI". Through breakthroughs in advanced model capabilities, upgrades to professional product features, and the expansion of a globalized creative ecosystem, Kling AI further reinforced its global leadership among multimodal large video generation models.
At the model and product level, Kling AI officially rolled out the native 4K video output feature in the Kling AI 3.0 model series. As the industry's first video generation model supporting native 4K output, this upgrade enables one-click cinema-grade 4K video generation. Designed for professional clients across the film, television and advertising industries, it directly delivers high-resolution visuals without the need for complex post-production, achieving industrial-grade cinematic visual effects. Concurrently, Kling AI released the Kling 3.0 Turbo model, which maintains stable, high-quality dynamic output and precise audio-visual synchronization, while significantly improving creative efficiency and reducing production costs. In addition, Kling MCP (Model Context Protocol) and Kling CLI (Command Line Interface) were officially launched, enabling AI agents to orchestrate Kling AI for batch content creation. These features further expanded Kling AI's applications in workflow automation and intelligent orchestration scenarios.
Kling AI continues to empower professional content creation through its integrated video creation capabilities, with its technological innovations and creative achievements earning broad industry recognition. At the 2026 Cannes Lions International Festival of Creativity (2026戛納國際創意節), two advertising videos generated by Kling AI won one
Driven by breakthroughs in model capabilities, continuous product enhancements and deeper penetration across application scenarios, Kling AI's commercialization maintained strong growth momentum. In the second quarter of 2026, Kling AI generated revenue of over
In the second quarter of 2026, we continued to make solid progress in the research and application of our general-purpose large models. We released Keye-VL-2.0-30B-A3B, an upgraded version of our multimodal large model. The model successfully enables deep perception across 256K ultra-long context, while delivering nearly lossless reasoning capabilities for long-video temporal understanding. We introduced AgentX, a self-evolving AI agent for industrial recommendation systems. It enables recommendation systems to autonomously drive recommendation model and strategy design, evaluate performance and accumulate insights, significantly boosting the iteration efficiency of recommendation algorithms.
As part of our large model technology applications, we developed agent capabilities for scenario-based marketing materials generation in online marketing service scenarios. By offering tailored marketing materials generation capabilities to meet the needs across industries and clients, we achieved over 70% year-over-year growth in spending on AIGC short video marketing materials in the second quarter of 2026. We continued to extend our generative recommendation and intelligent bidding large models to a broader range of scenarios, including live streaming, search, and pan-shelf-based e-commerce, improving the effectiveness of marketing content recommendations, and unlocking marketing budgets from our clients. In the second quarter of 2026, in terms of organizational efficiency enhancement and empowerment, Kuaishou's proprietary general-purpose agent product, MyFlicker, has successfully integrated skills across key internal systems and is now widely adopted by our employees. In
User and content ecosystem
In the second quarter of 2026, average DAUs on the Kuaishou App reached 412.3 million, and average MAUs reached 797.3 million. In terms of new user acquisition, we leveraged AI-powered smart placement to improve user acquisition efficiency while enhancing overall retention among new and reactivated users. We consistently refined our traffic allocation system to better safeguard the experience of our highly active core users. We continued to refine our social features. The number of users with mutual followers engaging in private messaging increased by more than 15.0% year-over-year in the second quarter of 2026. We also focused on optimizing Kuaishou App's basic features, comprehensively elevating the user experience through systematic improvements to product features, video playback smoothness and intelligent interaction.
We firmly believe in the power of community and continue to enhance the differentiated, high-quality content ecosystem that highlights Kuaishou's community-centric core. During June and
We have deepened our innovative copyright cooperation mechanisms, utilizing a joint-operation model to deliver higher-value content consumption for our users. We leveraged e-commerce live streaming to introduce live broadcasting rights for the 2026 CBA season. Furthermore, we introduced the ticketed live-streaming model to online music performances. In
Online marketing services
In the second quarter of 2026, revenue from online marketing services reached
During the second quarter of 2026, the content consumption, lifestyle services and AI application sectors continued to drive year-on-year growth in our non-e-commerce marketing services revenue. In the content consumption sector, AI reduced content production costs and lowered barriers to content creation, driving rapid growth in the supply of short play content, and catering to increasingly diverse user preferences. This further enriched the platform's content ecosystem and boosted related marketing demand. As of
For e-commerce marketing services, in the second quarter of 2026, we strengthened omni-domain traffic synergy across our e-commerce and online marketing businesses to improve the efficiency of matching merchants with relevant traffic. We conducted more granular merchant segmentation and implemented tiered operations, tailoring differentiated product strategies to address merchants' core needs across different segments. Meanwhile, we intervened at the supply level of marketing materials by actively taking governance measures, including incentivizing first-launch content and increasing recommendation diversity. These initiatives effectively optimized the content mix for e-commerce marketing materials, enabling high-quality content to reach target traffic more efficiently, while further optimizing our long-term commercialization ecosystem. Amid continued macro consumption and merchant operational challenges, we remained committed to providing traffic support to high-quality merchants. The T2000 brand initiative (T2000品牌專項) launched in the fourth quarter of 2025 has delivered promising initial results. Marketing spend by T2000 brand merchants outpaced that of our broader e-commerce marketing, and its contribution to online marketing services revenue continued to increase in the second quarter of 2026. At the product level of e-commerce marketing services, our Net Transaction ROI (淨成交ROI) product continued to evolve. By enhancing omni-scenario transaction bidding capabilities and refining bidding mechanisms and model strategies, its client penetration rate increased from 45.0% in the first quarter of 2026 to 55.0% in the second quarter of 2026, effectively helping merchants reduce product return rates.
In the second quarter of 2026, we continued to optimize the applications of AI across industry-specific scenarios, further enhancing clients' marketing placement efficiency and expanding our capacity to attract incremental marketing budgets across industries. In content consumption scenarios, through content understanding, user matching, smart placement and monetization strategy optimization, AI enabled high-quality content to reach potential users more efficiently. In lifestyle service scenarios, AI capabilities were primarily applied across areas including marketing materials generation, digital human live streaming, conversational business operations, user intent identification and deep conversion prediction, helping merchants reduce the costs associated with content creation, marketing placement operations and manual customer service.
E-commerce
In the second quarter of 2026, we further advanced our e-commerce strategy by focusing on three key areas: growing our paying user base, expanding supply, and deepening the integration of e-commerce and commercialization traffic. We prioritized optimizing our merchant ecosystem and merchant mix, strengthening the acquisition and development of brands and new merchants, and fostering greater synergies between e-commerce and e-commerce marketing. During the second quarter of 2026, we focused on increasing the number of high-quality users, while the number of active paying users in our e-commerce business remained largely stable quarter-over-quarter. With users' omni-domain consumption habits continuing to develop, we strengthened our private-domain advantages, meanwhile, by aligning traffic across diverse scenarios, we enabled content-driven product recommendation, shelf-based conversion and store repurchases to increasingly reinforce one another, creating a positive growth cycle. In the second quarter of 2026, we further enhanced cross-scenario synergies and optimized subsidy efficiency, driving balanced development across content-based scenarios and pan-shelf-based scenarios.
On the supply side, in the second quarter of 2026, we continued to onboard new merchants and advance brand expansion. Through initiatives focused on cost reduction, efficiency improvement, growth incentives, product empowerment and operational support, we consistently supported the growth of new merchants and small and medium-sized merchants, further improving our merchant ecosystem and mix. We launched an upgraded version of our Starlight Initiative (星耀計劃), offering tiered support programs for different merchant segments, including brand merchants, large merchants, industrial zone merchants, and small and medium-sized merchants, to help more merchants scale their businesses more rapidly. Supported by these initiatives, the number of newly onboarded merchants increased year-over-year and rose nearly 10.0% quarter-over-quarter in the second quarter of 2026. The number of new merchants achieving scaled growth in their second month after onboarding increased by nearly 30.0% year-over-year, reflecting continued improvements in the quality of growth among new merchants. On the brand merchant side, self-operated GMV from T2000 brands maintained strong year-over-year growth with contribution to overall GMV increased steadily. Meanwhile, marketing spend from brand merchants grew rapidly year-over-year, further enhancing their contribution to both overall e-commerce GMV and online marketing revenue.
In the second quarter of 2026, we continued to improve our KOL ecosystem and structure, enhancing the quality of supply across content-based scenarios. We deepened our collaborations with top-tier KOLs, increased support for mid-tier KOLs in verticals where Kuaishou has competitive advantages, such as Three Rural (三農) and anime, and improved the consistency of existing KOLs' performance, reinforcing our e-commerce content fundamentals. By integrating our outstanding KOL resources with distinctive product offerings nationwide, we deepened our penetration in industrial zones across
In the second quarter of 2026, we continued to optimize AI capabilities across our e-commerce scenarios throughout the full lifecycle of merchants, enabling merchants to reduce costs, improve efficiency and adopt intelligent business operations. These initiatives validated the feasibility of AI evolving from a productivity-enhancing tool into a comprehensive solution supporting business execution. In the first half of 2026, more than 850,000 merchants utilized our free AI-powered business operation tools across a wide range of scenarios, including product selection and listing, marketing materials generation, business analysis, smart placement and AI-powered customer service. These AI tools provided merchants with end-to-end operational support and capability enhancements.
Live streaming
In the second quarter of 2026, live streaming revenue reached
On the product and technology front, AI capabilities further empowered live-streaming rooms. Powered by Kling AI's video generation capabilities, AI gifts with customizable special effects continued to evolve, offering a wider variety of gift formats and generation capabilities and further enhancing users' willingness to pay. In the second quarter of 2026, AI gifts sent by users surpassed 6 million in total. AI-driven content understanding capabilities continued to optimize our live streaming recommendation strategies, enabling more precise matching between streamers and users and supporting the expansion of our paying user base. In addition, intelligent live-streaming gift recommendation and ranking features based on real-time multimodal signals effectively improved users' payment experience and efficiency. AI tools such as AI Interaction Assistants (AI互動助手) and Digital Avatars Solution (數字分身服務) were further refined and upgraded, continuously improving streamers' service efficiency.
Overseas
In the second quarter of 2026, we remained committed to our high-value growth strategy, further strengthening the foundation of our overseas business in profitability, long-term operational capabilities and localized efforts. In traffic growth and the content ecosystem, we stayed focused on refined user acquisition. We enhanced our content offerings with distinctive local characteristics and expanded community-based creator networks, fostering an engaging community atmosphere around real-life scenarios and further deepening content consumption among core users. For online marketing services, leveraging major events such as Festa Junina and the World Cup, we empowered our marketing clients to achieve rapid growth during critical windows through AI-driven initiatives, including in-depth ROI analysis, user insights, innovative product features, and industry-specific strategies. Moreover, we further unlocked the monetization potential of short plays and other diversified content formats, forming a dual-engine growth model together with our marketing service product capabilities, while accelerating expansion into growth sectors such as e-commerce. Regarding overseas e-commerce, we continued to deliver solid year-over-year growth in GMV and order volume in the second quarter of 2026. At the same time, we drove growth in average order value through product mix optimization and high-quality supply, while maintaining solid operational efficiency and profit-generating ability.
Corporate social responsibility
Kuaishou remains firmly committed to its mission of "connecting good faith with technology and creating long-term values", continuously driving the deep integration of technological innovation and industrial development to foster high-quality employment. According to the 2025 Kuaishou Corporate Social Responsibility Report published on
Business Outlook
In the first half of 2026, we maintained our strategic focus on AI and continued to increase our investment, delivering high-quality, resilient growth across our content and business ecosystems. Looking ahead to the second half of 2026, the Group reaffirms its strategic direction of deepening AI investment and pursuing long-term sustainable development through advanced technology and a distinctive ecosystem. However, we are cautious about the short-term business outlook as the operating environment has become increasingly complex and challenging. We will continue to adopt a prudent and disciplined approach. We will continue to deepen AI integration across these ecosystems by advancing the capabilities of our large models across multiple scenarios, helping merchants and marketing clients operate more efficiently. We will also continue to scale Kling AI's model capabilities and expand its adoption across professional creative scenarios, unlocking additional commercialization opportunities. We remain dedicated to meeting users' evolving needs and creating sustainable, long-term value for Shareholders.
About Kuaishou
Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou uses its technological backbone, powered by cutting-edge AI technology, to continuously drive innovation and product enhancements that enrich its service offerings and application scenarios, creating exceptional customer value. Through short videos and live streams on Kuaishou's platform, users can share their lives, discover goods and services they need and showcase their talent. By partnering closely with content creators and businesses, Kuaishou provides technologies, products, and services that cater to diverse user needs across a broad spectrum of entertainment, online marketing services, e-commerce, local services, gaming, and much more.
Forward-Looking Statements
Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "might", "can", "could", "will", "would", "anticipate", "believe", "continue", "estimate", "expect", "forecast", "intend", "plan", "seek", or "timetable". These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this press release or those that might reflect the occurrence of unanticipated events.
For investor and media inquiries, please contact
Kuaishou Technology
Investor Relations
Email: [email protected]
CONDENSED CONSOLIDATED INCOME STATEMENT | ||||||||||
Unaudited | Unaudited | |||||||||
Three Months Ended | Six Months Ended | |||||||||
2026 | 2026 | 2025 | 2026 | 2025 | ||||||
RMB'Million | RMB'Million | RMB'Million | RMB'Million | RMB'Million | ||||||
Revenues | 35,535 | 33,716 | 35,046 | 69,251 | 67,654 | |||||
Cost of revenues | (17,207) | (16,467) | (15,542) | (33,674) | (30,358) | |||||
Gross profit | 18,328 | 17,249 | 19,504 | 35,577 | 37,296 | |||||
Selling and marketing expenses | (9,922) | (10,333) | (10,503) | (20,255) | (20,400) | |||||
Administrative expenses | (895) | (766) | (897) | (1,661) | (1,725) | |||||
Research and development expenses | (4,581) | (3,621) | (3,400) | (8,202) | (6,698) | |||||
Other income | 33 | 245 | 16 | 278 | 69 | |||||
Other gains, net | 794 | 821 | 569 | 1,615 | 1,006 | |||||
Operating profit | 3,757 | 3,595 | 5,289 | 7,352 | 9,548 | |||||
Finance expenses, net | (258) | (173) | (54) | (431) | (78) | |||||
Share of losses of investments | (2) | (13) | (12) | (15) | (10) | |||||
Profit before income tax | 3,497 | 3,409 | 5,223 | 6,906 | 9,460 | |||||
Income tax expenses | (345) | (504) | (301) | (849) | (559) | |||||
Profit for the period | 3,152 | 2,905 | 4,922 | 6,057 | 8,901 | |||||
Attributable to: | ||||||||||
— Equity holders of the Company | 3,146 | 2,903 | 4,922 | 6,049 | 8,900 | |||||
— Non-controlling interests | 6 | 2 | - | 8 | 1 | |||||
3,152 | 2,905 | 4,922 | 6,057 | 8,901 | ||||||
CONDENSED CONSOLIDATED BALANCE SHEET | ||||
Unaudited | Audited | |||
As of | As of 2025 | |||
RMB'Million | RMB'Million | |||
ASSETS | ||||
Non-current assets | ||||
Property and equipment | 34,126 | 22,869 | ||
Right-of-use assets | 10,302 | 8,545 | ||
Intangible assets | 968 | 986 | ||
Investments accounted for using the equity method | 130 | 149 | ||
Financial assets at fair value through profit or loss | 29,618 | 23,747 | ||
Derivative financial instruments | - | 353 | ||
Other financial assets at amortized cost | - | 35 | ||
Deferred tax assets | 6,529 | 5,585 | ||
Long-term time deposits | 14,291 | 22,015 | ||
Other non-current assets | 4,950 | 2,671 | ||
100,914 | 86,955 | |||
Current assets | ||||
Trade receivables | 7,804 | 8,127 | ||
Prepayments, other receivables and other current assets | 9,837 | 7,028 | ||
Financial assets at fair value through profit or loss | 56,353 | 42,323 | ||
Derivative financial instruments | 584 | 1 | ||
Other financial assets at amortized cost | - | 9 | ||
Short-term time deposits | 12,358 | 8,630 | ||
Restricted cash | 220 | 251 | ||
Cash and cash equivalents | 11,696 | 11,180 | ||
98,852 | 77,549 | |||
Total assets | 199,766 | 164,504 | ||
CONDENSED CONSOLIDATED BALANCE SHEET | ||||
Unaudited | Audited | |||
As of | As of 2025 | |||
RMB'Million | RMB'Million | |||
EQUITY AND LIABILITIES | ||||
Equity attributable to equity holders of the Company | ||||
Share capital | - | - | ||
Share premium | 261,530 | 265,628 | ||
Treasury shares | (95) | (602) | ||
Other reserves | 39,096 | 38,873 | ||
Accumulated losses | (218,292) | (224,341) | ||
82,239 | 79,558 | |||
Non-controlling interests | 34 | 26 | ||
Total equity | 82,273 | 79,584 | ||
Non-current liabilities | ||||
Borrowings | 14,792 | 11,098 | ||
Derivative financial instruments | 520 | 30 | ||
Lease liabilities | 7,920 | 5,977 | ||
Deferred tax liabilities | 169 | 241 | ||
Other non-current liabilities | 115 | 39 | ||
23,516 | 17,385 | |||
Current liabilities | ||||
Accounts payables | 28,130 | 27,209 | ||
Other payables and accruals | 41,620 | 29,160 | ||
Dividend payable | 2,584 | - | ||
Advances from customers | 4,842 | 4,848 | ||
Borrowings | 12,570 | 1,968 | ||
Income tax liabilities | 479 | 388 | ||
Lease liabilities | 3,752 | 3,962 | ||
93,977 | 67,535 | |||
Total liabilities | 117,493 | 84,920 | ||
Total equity and liabilities | 199,766 | 164,504 | ||
Financial Information by Segment | ||||||||||||||||||
Unaudited Three Months Ended | ||||||||||||||||||
Domestic | Overseas | Unallocated | Total | Domestic | Overseas | Unallocated | Total | Domestic | Overseas | Unallocated | Total | |||||||
RMB'Million | RMB'Million | RMB'Million | ||||||||||||||||
Revenues | 34,356 | 1,179 | - | 35,535 | 32,554 | 1,162 | - | 33,716 | 33,746 | 1,300 | - | 35,046 | ||||||
Operating profit/(loss) | 3,733 | (25) | 49 | 3,757 | 3,093 | (31) | 533 | 3,595 | 5,401 | 19 | (131) | 5,289 | ||||||
Unaudited Six Months Ended | ||||||||||||||||||
Domestic | Overseas | Unallocated | Total | Domestic | Overseas | Unallocated | Total | |||||||||||
RMB'Million | RMB'Million | |||||||||||||||||
Revenues | 66,910 | 2,341 | - | 69,251 | 65,039 | 2,615 | - | 67,654 | ||||||||||
Operating profit/(loss) | 6,826 | (56) | 582 | 7,352 | 9,746 | 47 | (245) | 9,548 | ||||||||||
Reconciliation of Non-IFRS Accounting Standards Measures to the Nearest IFRS Accounting | |||||||||
Unaudited | Unaudited | ||||||||
Three Months Ended | Six Months Ended | ||||||||
2026 | 2026 | 2025 | 2026 | 2025 | |||||
RMB'Million | RMB'Million | RMB'Million | RMB'Million | RMB'Million | |||||
Profit for the period | 3,152 | 2,905 | 4,922 | 6,057 | 8,901 | ||||
Adjusted for: | |||||||||
Share-based compensation expenses | 778 | 533 | 716 | 1,311 | 1,320 | ||||
Net fair value changes on investments(1) | (17) | (64) | (20) | (81) | (23) | ||||
Adjusted net profit | 3,913 | 3,374 | 5,618 | 7,287 | 10,198 | ||||
Adjusted net profit | 3,913 | 3,374 | 5,618 | 7,287 | 10,198 | ||||
Adjusted for: | |||||||||
Income tax expenses | 345 | 504 | 301 | 849 | 559 | ||||
Depreciation of property and | 1,745 | 1,364 | 885 | 3,109 | 1,667 | ||||
Depreciation of right-of-use assets | 845 | 799 | 831 | 1,644 | 1,599 | ||||
Amortization of intangible assets | 16 | 16 | 26 | 32 | 48 | ||||
Finance expenses, net | 258 | 173 | 54 | 431 | 78 | ||||
Adjusted EBITDA | 7,122 | 6,230 | 7,715 | 13,352 | 14,149 | ||||
Note: | |||||||||
(1) Net fair value changes on investments represents net fair value (gains)/losses on financial assets at fair value | |||||||||
View original content:https://www.prnewswire.com/news-releases/kuaishou-technology-announces-second-quarter-and-interim-2026-unaudited-financial-results-302855081.html
SOURCE Kuaishou Technology
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