21 November
Kuaishou Technology (1024.HK) released
Results for the third quarter of 2023
Total revenue increased 20.8% year over year to RMB 27.95 billion
The average number of daily active users increased 6.4% year over year to 387 million
The average monthly active users increased 9.4% year over year to 685 million
In terms of financial data, this quarter
Kuaishou's online marketing service revenue increased 26.7% year over year
Reached RMB 14.69 billion
Total e-commerce commodity transaction volume (GMV) increased 30.4% year over year
Reached RMB 290.2 billion
In a situation where the main business is developing strongly
Kuaishou's profitability has also increased dramatically
Not only is it under international accounting standards at the group level
Net profit of RMB 2.18 billion
Adjusted net profit also increased 17.8% month-on-month
Reached RMB 3.17 billion
Significantly exceeded market expectations
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