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Investing.com -- Kuaishou reported second-quarter revenue of RMB35 billion, growing 13% year-over-year and exceeding both consensus and analyst estimates by 1.7% and 1.5% respectively.
The company’s e-commerce segment showed strong performance with gross merchandise value (GMV) reaching RMB359 billion, up 17.6% year-over-year, significantly outpacing consensus expectations of 13.5% growth.
Online marketing revenue grew 12.8% year-over-year to RMB19.8 billion, while live-streaming revenue increased 8% compared to the same period last year, beating consensus estimates of 5.1% growth.
The "other revenue" category posted 26% year-over-year growth, also exceeding market expectations of 20%. Revenue from Kling, one of the company’s services, surpassed RMB250 million in the second quarter.
Kuaishou’s gross profit margin improved by 0.4 percentage points year-over-year to 55.7%, while sales and marketing expenses totaled RMB10.5 billion. The company reported non-IFRS net income of RMB5.6 billion, approximately 10% higher than both consensus and analyst estimates of RMB5.1 billion.
Average daily active users (DAU) grew 3.4% year-over-year to 408.9 million.
The company also announced a special dividend of HK$0.46 per share, totaling approximately HK$2.0 billion, which it stated reflects confidence in long-term growth, solid financial position, and commitment to shareholder returns.
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