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Investing.com -- Kuaishou’s 4Q24 results showed a total revenue growth of approximately 9% YoY, reaching RMB35.4bn, which is about 1% less than the consensus and our estimate.
The e-commerce sector experienced a GMV increase of 14% YoY, resulting in a total of RMB462bn. In the online marketing sector, the revenue growth was approximately 13% YoY, bringing the total to RMB20.6bn.
On the other hand, the live-streaming sector experienced a revenue decrease of about 2% YoY during the quarter. Other revenue, which does not fall into the categories mentioned above, grew by 14.1% YoY.
The GPM expanded by 0.9pp YoY to 54%, which is slightly less than the consensus. The sales and marketing expenses for the quarter were RMB11.3bn. At the group level, the non-IFRS net income was RMB4.7bn, matching the consensus.
In terms of operating metrics, the average daily active users (DAU) increased by about 5% YoY, bringing the total to about 401 million.
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