The earnings call reflected a strong positive momentum for Kingsoft Cloud, highlighted by accelerated revenue growth, significant advances in AI-related business, and improved profitability metrics. Despite some fluctuations in CDN business profitability and increased costs from new investments, the overall outlook remains highly optimistic, with significant contributions from the Xiaomi and Kingsoft ecosystem.

Company Guidance

During the Q3 2024 earnings call, Kingsoft Cloud provided optimistic guidance for the upcoming quarter, projecting accelerated growth in total revenues to surpass the industry average. This optimism is underpinned by their robust performance in Q3, where the company achieved a 16% year-over-year revenue increase, reaching RMB 1.89 billion. The revenue growth was driven by both public and enterprise cloud services, each witnessing a double-digit rise. AI-related revenues surged, constituting 31% of public cloud business with a remarkable 6.9-fold year-over-year increase. Profitability also improved significantly, with the adjusted EBITDA margin reaching 9.8% and the adjusted operating loss margin narrowing to 7%. Looking ahead, Kingsoft Cloud expects continued profitability enhancement, supported by a projected revenue cap of RMB 11.3 billion over the next three years from collaborations within the Xiaomi and Kingsoft ecosystem.

Accelerated Revenue Growth

Revenue increased by 16% year-over-year, reaching RMB 1.89 billion, outpacing industry average growth.

Significant AI Revenue Growth

AI revenue surged to RMB 362 million, showing a 6.9-fold increase compared to the previous year, and accounting for 31% of public cloud revenues.

Improved Profitability

EBITDA margin improved to 10%, with an adjusted operating loss margin narrowing from 16.2% to 7% year-over-year.

Xiaomi and Kingsoft Ecosystem Growth

Revenues from the ecosystem increased by 36% year-over-year, contributing significantly to overall growth.

Strong Cash Flow

Net operating cash inflow reached RMB 228 million, demonstrating strong cash-generating ability.

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Kingsoft Cloud Holdings (KC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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KC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 20, 2025	2024 (Q4)	-0.11 / -	-1.2	―	―	―
Nov 19, 2024	2024 (Q3)	-0.15 / -0.60	-0.453	-31.82% (-0.14)	―
Aug 20, 2024	2024 (Q2)	-0.12 / -0.18	-0.288	35.86% (+0.10)	―
May 22, 2024	2024 (Q1)	-0.14 / -0.01	-0.35	96.08% (+0.34)	―
Mar 20, 2024	2023 (Q4)	-0.17 / -0.16	-0.019	-757.14% (-0.15)	―
Nov 21, 2023	2023 (Q3)	-0.17 / -0.45	-0.03	-1400.00% (-0.42)	―
Aug 22, 2023	2023 (Q2)	-0.20 / -0.29	-0.03	-854.55% (-0.26)	―
May 23, 2023	2023 (Q1)	-0.20 / -0.35	-0.021	-1600.00% (-0.33)	―	―
Mar 29, 2023	2022 (Q4)	-0.27 / -0.02	-0.018	-7.69% (>-0.01)	―	―
Nov 23, 2022	2022 (Q3)	-0.28 / -0.03	-0.289	89.53% (+0.26)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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KC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 19, 2024	$4.34	$4.59	+5.76%
Aug 20, 2024	$2.53	$2.37	-6.32%
May 22, 2024	$3.19	$2.98	-6.58%
Mar 20, 2024	$3.22	$3.74	+16.15%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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