An announcement from Kingsoft Cloud Holdings ( (KC) ) is now available.
Kingsoft Cloud Holdings Limited announced its unaudited annual consolidated results for the year ended December 31, 2024. The company reported a 10.5% increase in revenues, reaching RMB 7,785,180, and a significant rise in gross profit by 57.7% compared to the previous year. Despite these improvements, the company still faced a net loss of RMB 1,979,042, which is a 9.4% decrease from the prior year’s loss. These results indicate a positive trend in revenue and profitability, although the company continues to operate at a loss, which may have implications for its financial health and stakeholder confidence.
More about Kingsoft Cloud Holdings
Kingsoft Cloud Holdings Limited is a company incorporated in the Cayman Islands with limited liability, primarily operating in the cloud computing industry. It is listed on the Hong Kong Stock Exchange under the stock code 3896 and on Nasdaq with the ticker KC.
YTD Price Performance: 72.45%
Average Trading Volume: 3,878,299
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.75B
Learn more about KC stock on TipRanks’ Stock Analysis page.
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