Q2 2025 Kuaishou Technology Earnings Call Transcript
Key Points
- Kuaishou Technology (KUASF) reported a 13.1% year-over-year increase in total revenue, reaching RMB35 billion in Q2 2025.
- The company achieved a new high in quarterly profitability with an adjusted net profit of RMB5.6 billion and a 16% adjusted margin.
- Average Daily Active Users (DAUs) on the Kuaishou App reached a record high of 409 million, showing steady year-over-year growth.
- Kuaishou Technology declared a special dividend of HKD0.46 per share, reflecting confidence in long-term growth prospects.
- Revenue from Kling AI surpassed RMB250 million, showcasing successful commercialization and growth in AI-driven applications.
- Despite revenue growth, the cost of revenues increased by 12.3% year-over-year, impacting overall profitability.
- Research and development expenses rose by 21.2% year-over-year, driven by increased investments in AI, which could pressure margins.
- Selling and marketing expenses increased by 4.6% year-over-year, although they accounted for a smaller percentage of total revenue.
- The company plans to stop disclosing quarterly and yearly GMV figures starting in 2026, which may reduce transparency for investors.
- Kuaishou Technology faces intense competition in the online shopping sector, which could impact future growth and market share.
Good day, ladies and gentlemen. Thank you for standing by. Welcome to Kuaishou Technology second quarter and interim 2025 financial results conference call. (Operator Instructions) I will now turn the call over to Mr. Matthew Zhao, VP of Capital Markets and IR at Kuaishou Technology.
Thank you, operator. Good evening, and good morning to everyone. Welcome to Kuaishou Technology's second quarter earnings from 2025 financial results conference call. Joining us today are Mr. Yixiao Cheng, Co-Founder, Chairman and CEO; Mr. Jim Bing, our CFO.
Before we start, please note that today's discussion may contain forward-looking statements, which involve a number of risks and uncertainties. Actual results and outcomes may differ from those discussed. The company doesn't undertake any obligation to update any forward-looking information, except as required by law. For all important information about this call, including forward-looking statements, please refer to company
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