Kuaishou Technology (FRA:5Y0)
€ 5.75 0.347 (6.42%) Market Cap: 25.20 Bil Enterprise Value: 21.19 Bil PE Ratio: 14.93 PB Ratio: 3.63 GF Score: 71/100
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Q2 2024 Kuaishou Technology Earnings Call Transcript

Aug 20, 2024 / 11:00AM GMT
Release Date Price: €5.06 (+0.10%)

Key Points

Positve
  • Total revenue grew by 11.6% year over year to RMB31 billion.
  • Gross margin reached a quarterly record of over 55%.
  • Adjusted net profit hit RMB4.7 billion with a margin of 15.1%, both at new highs.
  • AI-driven advancements, including the launch of Kling AI and Kolors, have shown significant user engagement and commercial potential.
  • E-commerce GMV grew by 15% year over year to RMB305.3 billion, with monthly active paying users increasing by 14.1%.
Negative
  • Live streaming revenue decreased by 6.7% year over year to RMB9.3 billion.
  • Ongoing economic pressures and softer consumer sentiment impacted overall market conditions.
  • Increased selling and marketing expenses by 16.3% year over year to RMB10 billion.
  • Research and development expenses decreased by 11.11% year over year, potentially impacting future innovation.
  • Despite improvements, the company still faces significant competition in the domestic e-commerce market.
Operator

Good day, ladies and gentlemen, thank you for standing by. Welcome to the Kuaishou Technology second quarter and interim 2024 financial results conference call. (Operator Instructions)

I will now turn the call over to Mr. Matthew Zhao, VP of Capital Market and Investor Relations at Kuaishou Technology.

Zhao Huaxia
Kuaishou Technology - Vice President of Capital Market & Investor RelationsJoint Company Secretary

Thank you, operator. Good evening and good morning to everyone. Welcome to our second quarter and interim 2024 financial results conference call. Joining us today are Mr. Cheng Yixiao, Co-Founder, Chairman and CEO; Mr. Jin Bing, Chief Financial Officer.

Before we start, please note that today's discussion may contain forward-looking statements, which involve a number of risks and uncertainties. Actual results and outcomes may differ from those discussed. The company does not undertake any obligation to update any forward-looking information except as required by law.

For all important information about this call,

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