After BABA $BABA-W (09988.HK)$、 Tencent $TENCENT (00700.HK)$After the release of the latest first-quarter results, the baton was passed to Kuaishou Technology. So how does it perform as the "first share of China short Video" this time?
Today, through Kuaishou Technology's financial report, let's see if Kuaishou Technology, who is slowing down, is "faster" this time:
01. Overall data
Kuaishou Technology science and technology $KUAISHOU-W (01024.HK)$In the second quarter of 2022, total revenue rose 13.4% year-on-year to 21.7 billion yuan, higher than Bloomberg's consensus forecast of 20.7 billion yuan.
The net loss is 3.18 billion yuan, with an estimated loss of 5.14 billion yuan; after adjustment, the net loss is 1.31 billion yuan, and the estimated loss is 2.91 billion yuan.
Conclusion: the former big factory Ali, Tencent performance under pressure, Kuaishou Technology performance is unexpected, the net loss shrank sharply, it seems that not far from the loss.
02. The domestic business is profitable.
In the second quarter, Kuaishou Technology's domestic business achieved a single-quarter profit, with an operating profit of more than 93 million yuan, completing the target of becoming a regular employee at the level of domestic operating profits two quarters ahead of schedule. In addition, the overall EBITDA of the company reached 410 million yuan in the second quarter, becoming a regular employee for the first time since the fourth quarter of 2020.
Conclusion: it is not easy. Under the general trend of overall weakness in the industry, Kuaishou Technology's domestic business has unexpectedly made a profit, which is definitely Kuaishou Technology's.