Kuaishou's 2023 Q3 results released! Profitability is steadily improving, and technology drives efficient development

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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