Shulou(Shulou.com)11/24 Report--

According to CTOnews.com news on November 22, Kuaishou Technology today announced on the Hong Kong Stock Exchange its results for the three months and nine months ended September 30, 2022. The results showed that the company's third-quarter revenue was 23.13 billion yuan, up 12.9% from a year earlier, and an adjusted net loss of 670 million yuan, narrowing 85.4% year-on-year.

Kuaishou's revenue in the first three quarters was 65.89 billion yuan, up 16.3% from the same period last year, while the adjusted net loss was 5.7 billion yuan, narrowing 62.7% from the same period last year.

CTOnews.com learned that in terms of user data, Kuaishou had an average of 363.4 million daily active users and an average of 626 million monthly active users in the third quarter.

According to Kuaishou, the average number of daily active users of Kuaishou apps increased by 13.4% year-on-year in the third quarter of 2022, reaching a new high of 363.4 million. At the same time, after the domestic business division became a regular member at the operating profit level in the last quarter, it continued to make a profit in the third quarter, and the domestic business operating profit increased nearly three times month-on-month. The Group's adjusted EBITDA increased significantly compared with the previous quarter.

By the end of September 2022, the cumulative logarithm of cross-related users of Kuaishou applications reached 23.5 billion, a substantial increase of 63.1 per cent compared with the same period last year.

In the third quarter of 2022, Kuaishou's online marketing service revenue reached 11.6 billion yuan, an increase of 6.2 per cent over the same period last year.

The live broadcast business grew strongly in the third quarter of 2022, with revenue increasing by 15.8% year-on-year to 8.9 billion yuan. The average monthly payment users of Kuaishou app live streaming business increased by 29.3% to 59.6 million compared with the same period last year, and the monthly payment rate for live streaming continued to rise compared with the same period last year.

E-commerce business achieved faster growth than the industry in the third quarter of 2022 and continued to gain market share. The total value of e-commerce merchandise transactions increased by 26.6% year-on-year to 222.5 billion yuan.

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