Kuaishou Technology Reveals Unaudited Financial Report for Q1 2025
Kuaishou Technology, the popular video-sharing platform, has announced its unaudited consolidated first quarterly results for the three months ended March 31, 2025. The company has demonstrated impressive financial growth, with total revenue reaching RMB 32.6 billion, representing an 11% year-over-year (YoY) increase and generally meeting market expectations.
The revenue breakdown reveals a strong performance across the platform's core segments. Live streaming revenue rose 14.4% YoY to RMB 9.8 billion, driven by refined operations and diversified high-quality content. Online marketing services generated RMB 18.0 billion in Q1 2025, up 8.0% YoY, while other services revenue grew 15.2% YoY to RMB 4.8 billion, supported largely by the growth in the e-commerce business.
Kuaishou's user metrics also show positive trends. Average Daily Active Users (DAUs) reached 408 million, a 3.6% increase YoY, hitting a record high and crossing 400 million for the third consecutive quarter. Monthly Active Users (MAUs) were 712 million, up 2.1% YoY.
While exact adjusted net profit for Q1 2025 for Kuaishou is not explicitly stated in the results, the overall financial performance suggests positive trends aligned with revenue growth and improved operational efficiency. Sales and marketing expenses as a percentage of total revenue decreased from 31.9% in Q1 2024 to 30.4% in Q1 2025, attributed to AI-driven operational improvements and efficiency gains.
Operating profit for the period was RMB 4.3 billion, increasing from RMB 4.0 billion for the same period of 2024. Revenues for the Domestic segment were RMB 31,293 as of March 31, 2025, compared to RMB 28,417 as of December 31, 2024. The overseas segment showed improvement, with operating profit of RMB 28 million, compared to an operating loss of RMB 268 million for the same period of 2024.
Total equity and liabilities were RMB 142,071 as of March 31, 2025, compared to RMB 139,873 as of December 31, 2024. Non-current liabilities totaled RMB 17,299 as of March 31, 2025, compared to RMB 18,021 as of December 31, 2024. The share premium was RMB 268,159 as of March 31, 2025, compared to RMB 268,733 as of December 31, 2024.
During the three months ended March 31, 2025, the Company repurchased approximately 29.2 million shares on the Hong Kong Stock Exchange for a consideration of approximately HKD1.4 billion. Total liabilities were RMB 76,423 as of March 31, 2025, compared to RMB 77,849 as of December 31, 2024.
Total e-commerce GMV was RMB 332.3 billion, an increase of 15.4% from RMB 288.1 billion for the same period of 2024. Accumulated losses were RMB 238,186 as of March 31, 2025, compared to RMB 242,164 as of December 31, 2024. Total available funds reached RMB 94.0 billion as of March 31, 2025.
In summary, Kuaishou Technology exhibited solid revenue growth across its core segments in Q1 2025, a record-high user base with increasing engagement, and improved cost efficiency, reflecting strong financial and operational performance for the period.
- The cloud-based infrastructure of Kuaishou Technology played a significant role in the company's improved operational efficiency, as evidenced by the decrease in sales and marketing expenses as a percentage of total revenue.
- The impressive financial growth of Kuaishou Technology was not just limited to revenue, as the company also demonstrated positive trends in its business segments, particularly in live streaming, online marketing services, and e-commerce.
- The strong performance of Kuaishou Technology, as reflected in its Q1 2025 results, is a testament to the power of technology and its ability to drive growth and finance, making it a significant player in the global digital market.
