Stock Track | Kingsoft Cloud Surges 25.49% in Pre-Market as Q3 Earnings Beat, Strong AI and High-Margin Growth Fuel Optimism

Stock Track11-20

Kingsoft Cloud Holdings Ltd (NASDAQ: KC) saw a remarkable pre-market surge of 25.49% on Wednesday, following its impressive third-quarter 2024 earnings release that showcased robust growth in its high-margin AI and enterprise cloud businesses.

The company reported better-than-expected earnings for the third quarter, with revenue increasing 16% year-over-year to 1.89 billion Chinese yuan ($268.7 million), surpassing analysts' consensus estimate of $247.46 million. This growth was primarily driven by the accelerated demand for AI services, which offset the decline in the low-margin CDN business due to strategic adjustments.

Kingsoft Cloud's adjusted gross profit margin expanded by a substantial 420 basis points to 16.3%, reflecting the company's strategic revenue mix adjustments, optimized enterprise cloud project selection, and efficient cost control measures. The company's adjusted EBITDA margin also saw a significant improvement, reaching 9.8%, up from a loss of 8.6% in Q2 2022, indicating progress towards profitability.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1168554076?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-20 17:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1168554076","market":"us","top_or_hot":-1,"title":"Stock Track | Kingsoft Cloud Surges 25.49% in Pre-Market as Q3 Earnings Beat, Strong AI and High-Margin Growth Fuel Optimism","media":"Stock Track","content":"<p>Kingsoft Cloud Holdings Ltd (NASDAQ: KC) saw a remarkable pre-market surge of 25.49% on Wednesday, following its impressive third-quarter 2024 earnings release that showcased robust growth in its high-margin AI and enterprise cloud businesses.</p>\n\n<p>The company reported better-than-expected earnings for the third quarter, with revenue increasing 16% year-over-year to 1.89 billion Chinese yuan ($268.7 million), surpassing analysts' consensus estimate of $247.46 million. This growth was primarily driven by the accelerated demand for AI services, which offset the decline in the low-margin CDN business due to strategic adjustments.</p>\n\n<p>Kingsoft Cloud's adjusted gross profit margin expanded by a substantial 420 basis points to 16.3%, reflecting the company's strategic revenue mix adjustments, optimized enterprise cloud project selection, and efficient cost control measures. The company's adjusted EBITDA margin also saw a significant improvement, reaching 9.8%, up from a loss of 8.6% in Q2 2022, indicating progress towards profitability.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Kingsoft Cloud Surges 25.49% in Pre-Market as Q3 Earnings Beat, Strong AI and High-Margin Growth Fuel Optimism</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Kingsoft Cloud Surges 25.49% in Pre-Market as Q3 Earnings Beat, Strong AI and High-Margin Growth Fuel Optimism\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-20 17:03 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Kingsoft Cloud Holdings Ltd (NASDAQ: KC) saw a remarkable pre-market surge of 25.49% on Wednesday, following its impressive third-quarter 2024 earnings release that showcased robust growth in its high...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KC","symbol_name":"金山云","start_time":0,"source_url":"","article_id":"1168554076","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1168554076","pubTimestamp":1732093389,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Kingsoft Cloud Holdings Ltd  saw a remarkable pre-market surge of 25.49% on Wednesday, following its impressive third-quarter 2024 earnings release that showcased robust growth in its high-margin AI and enterprise cloud businesses.The company reported better-than-expected earnings for the third quarter, with revenue increasing 16% year-over-year to 1.89 billion Chinese yuan , surpassing analysts' consensus estimate of $247.46 million. This growth was primarily driven by the accelerated demand fo","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"KC":"金山云"},"translate_title":"股票赛道金山云盘前飙升25.49%，因第三季度盈利超出预期、强劲的人工智能和高利润率增长助长乐观情绪","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KC":1},"content_text":"Kingsoft Cloud Holdings Ltd (NASDAQ: KC) saw a remarkable pre-market surge of 25.49% on Wednesday, following its impressive third-quarter 2024 earnings release that showcased robust growth in its high-margin AI and enterprise cloud businesses.\nThe company reported better-than-expected earnings for the third quarter, with revenue increasing 16% year-over-year to 1.89 billion Chinese yuan ($268.7 million), surpassing analysts' consensus estimate of $247.46 million. This growth was primarily driven by the accelerated demand for AI services, which offset the decline in the low-margin CDN business due to strategic adjustments.\nKingsoft Cloud's adjusted gross profit margin expanded by a substantial 420 basis points to 16.3%, reflecting the company's strategic revenue mix adjustments, optimized enterprise cloud project selection, and efficient cost control measures. The company's adjusted EBITDA margin also saw a significant improvement, reaching 9.8%, up from a loss of 8.6% in Q2 2022, indicating progress towards profitability.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1168554076"}