Kingsoft Cloud's Q4 Loss Shrinks; Revenue Rises 30%

MT Newswires Live03-20

Kingsoft Cloud Holdings (HKG:3896) net loss attributable to the company shrunk to about 197 million yuan for the three months ended Dec. 31, from 284.1 million yuan in the previous quarter, according to a Thursday filing with the Hong Kong bourse.

Loss per share was 0.05 yuan, up from 0.08 yuan in the same quarter last year. Eight analysts polled by Visible Alpha estimated loss per share at 0.66 yuan.

Total revenue for the quarter rose 30% to 2.23 billion yuan from 1.72 billion yuan in the prior year. Visible Alpha estimated revenue for the quarter at 2.10 billion yuan.

Price (HKD): $9.70, Change: $+0.25, Percent Change: +2.65%

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