Business
Kuaishou Technology Announces Fourth Quarter and Full Year 2024 Financial Results
Kuaishou Technology ("Kuaishou" or the "Company"; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced its financial results for the fourth quarter and full fiscal year ended December 31, 2024.
About this update from Kuaishou Technology Class B
[{"type":"text","content":"HONG KONG, March 25, 2025 /PRNewswire/ -- Kuaishou Technology ("Kuaishou" or the "Company"; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced its financial results for the fourth quarter and full fiscal year ended December 31, 2024.","length":336,"tagName":"p"},{"type":"text","content":"Fourth Quarter 2024 Key Highlights","length":39,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Average DAUs on Kuaishou APP were 401.0 million, representing an increase of 4.8% from 382.5 million for the same period of 2023.","length":139,"tagName":"p"}]},{"val":[{"type":"text","content":"Average MAUs on Kuaishou APP were 735.6 million, representing an increase of 5.0% from 700.4 million for the same period of 2023.","length":134,"tagName":"p"}]},{"val":[{"type":"text","content":"Total e-commerce GMV(1) was RMB462.1 billion, representing an increase of 14.4% from RMB403.9 billion for the same period of 2023.","length":145,"tagName":"p"}]},{"val":[{"type":"text","content":"Total revenue increased by 8.7% to RMB35.4 billion from RMB32.6 billion for the same period of 2023. Online marketing services and live streaming contributed 58.3% and 27.8%, respectively, to the total revenue. The other 13.9% came from other services.","length":252,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit increased by 10.6% to RMB19.1 billion from RMB17.3 billion for the same period of 2023. Gross profit margin in the fourth quarter of 2024 was 54.0%, improving from 53.1% for the same period of 2023.","length":221,"tagName":"p"}]},{"val":[{"type":"text","content":"Profit for the period increased by 10.0% to RMB4.0 billion from RMB3.6 billion for the same period of 2023. Adjusted net profit(2) increased to RMB4.7 billion from RMB4.4 billion for the same period of 2023.","length":222,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating profit from the domestic segment(3) increased to RMB4.4 billion from RMB4.3 billion for the same period of 2023. Operating loss from the overseas segment(3) decreased to RMB236 million by 57.2% year-over-year.","length":249,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1362,"olType":fal...