Kingsoft Cloud Holdings Limited (KC) Reports Q2 Loss of $0.01/sh

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Kingsoft Cloud Announces Unaudited Second Quarter 2021 Financial Results

August 25, 2021 6:39 AM EDT

BEIJING, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (Kingsoft Cloud or the Company) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2021.

Second Quarter 2021 Financial Highlights

Total revenues were RMB2,173.7 million (US$1336.7 million) in the second quarter of 2021, representing a large increase of 41.6% from RMB1,534.8 million in the same period of 2020. Benefitting from our strong, stable and sustainable relationship with our top premium customers,... More