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

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com news on July 31, Kuaishou announced that for the six months ended June 30, 2023, the Group is expected to record a net profit of not less than RMB 560 million, which is about RMB 9.43 billion compared with the net loss recorded by the Group for the same period in 2022.

The board of directors of Kuaishou believes that the turnaround is mainly due to the growth of the size of users, the prosperity of the ecosystem, the improvement of operational efficiency, and the final result of the cash-out strategy.

According to Kuaishou, further details of the Group's financial results and performance for the six months ended June 30, 2023 will be announced before the end of August 2023.

According to CTOnews.com 's public information, Kuaishou's revenue in the first quarter of 2023 was 25.22 billion yuan, an increase of 19.7% over the same period last year, with a net loss of 876 million yuan and an estimated loss of 1.62 billion yuan. After adjustment, the net profit was 42 million yuan, turning a loss into a profit compared with the same period last year. Kuaishou's financial report shows that:

The average number of daily active users of Kuaishou app was 374.3 million, up 8.3% from 345.5 million in the same period last year.

The average number of monthly active users of Kuaishou app was 654.4 million, up 9.4% from 597.9 million in the same period last year.

The average number of daily active users is 126.8 minutes, compared with 128.1 minutes in the same period last year.

By the end of 2022, the cumulative logarithm of cross-related users of Kuaishou applications reached 29.6 billion pairs, an increase of 57.6% over the same period last year.

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