Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Kuaishou Technology Class B (HK:1024)
:1024
Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.12Last Year’s EPS
1.04Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 20, 2024
|% Change Since: 5.43%
|Next Earnings Date:Mar 19, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong user and revenue growth, a successful core commercial business, and impressive overseas expansion. Despite a decline in live streaming revenue and increased operational costs, the company's focus on AI innovation and e-commerce growth demonstrates a positive outlook.Company Guidance
During the third quarter of 2024, Kuaishou Technology reported significant growth despite challenging macroeconomic conditions. The company achieved over 400 million daily active users (DAUs) and a total revenue of RMB31.1 billion, marking an 11.4% year-over-year increase. Revenue from core commercial operations, including online marketing and e-commerce, rose nearly 20% year-over-year. Adjusted net profit increased by 24.4% to RMB3.9 billion, highlighting improved profitability. The average daily time spent per DAU on the Kuaishou app was 132.2 minutes, with total user time increasing by 7.3% year-over-year. The company also saw a surge in marketing services revenue by 20% to RMB17.6 billion and a 15.1% growth in gross merchandise volume (GMV) to RMB334.2 billion. Kuaishou's international revenue doubled, reaching RMB1.33 billion, and its overseas operations loss narrowed by 75.9% to RMB153 million.User Growth and Revenue Increase
Kuaishou achieved over 400 million DAUs with a total revenue increase of 11.4% year-over-year to RMB31.1 billion.
Core Commercial Business Success
Revenue from core commercial business, including online marketing services, increased by nearly 20% year-over-year.
Strong E-commerce Growth
E-commerce GMV increased by 15.1% year-over-year to RMB334.2 billion in Q3.
AI Integration and Innovation
Kuaishou introduced Kling AI 1.5, which supports native 1080-pixel video, enhancing video quality and user interaction.
Overseas Revenue Surge
Total overseas revenues reached RMB1.33 billion, growing by 104.1% year-over-year.
Improved Profitability
Adjusted net profit rose 24.4% year-over-year to RMB3.9 billion, showcasing increased profitability.
---
HK:1024 Earnings History
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
---
HK:1024 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | HK$51.60 | HK$52.55 | +1.84% |
| Aug 20, 2024 | HK$44.20 | HK$44.40 | +0.45% |
| May 22, 2024 | HK$56.90 | HK$58.15 | +2.20% |
| Mar 20, 2024 | HK$51.85 | HK$52.25 | +0.77% |
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.
---
FAQ
When does Kuaishou Technology Class B (HK:1024) report earnings?
Kuaishou Technology Class B (HK:1024) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Kuaishou Technology Class B (HK:1024) earnings time?
Kuaishou Technology Class B (HK:1024) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Kuaishou Technology Class B stock?
The P/E ratio of Kuaishou Technology Class B is N/A.
What is HK:1024 EPS forecast?
HK:1024 EPS forecast for the fiscal quarter 2024 (Q4) is 1.12.
---