Record Revenue Growth
Kingsoft Cloud achieved a total revenue of RMB2.23 billion in Q4 2024, with a year-over-year growth rate of 30%, doubling the growth from the previous quarter and leading the industry.
Public and Enterprise Cloud Revenue Growth
Public Cloud revenue grew by 34% year-over-year, and Enterprise Cloud revenue increased by 23% year-over-year, showing balanced growth across segments.
First-Time Profitability
The company achieved profitability for the first time with a non-GAAP operating margin of 1.1%, marking a significant improvement from a previous loss of 10.9%.
AI Business Surge
AI-related business gross billing reached RMB474 million, representing a nearly 500% year-over-year growth and contributing 34% to Public Cloud revenue.
Xiaomi and Kingsoft Ecosystem Growth
Revenues from the Xiaomi and Kingsoft ecosystem amounted to RMB493 million, up 78% year-over-year, with the ecosystem's share of total revenues increasing to 22%.