Jefferies: Kuaishou-W's (01024) Kling AI Revenue Hits New Milestone, Sustained Tech Breakthroughs Key

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Last December, Kuaishou-W's (01024) Kling AI achieved a revenue milestone exceeding $20 million, translating to an Annual Recurring Revenue (ARR) of $240 million. This marks another significant achievement for Kling just 19 months after its launch. During the same period, Kuaishou rolled out a series of new models and updates, with its dynamic control features receiving widespread acclaim in overseas markets. While video generation models are still in their early stages, the report suggests that continuous technological breakthroughs and innovation indicate substantial upside potential for future revenue. Jefferies has maintained its "Buy" rating on Kuaishou, with a target price of HK$106.

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