Q: What is KUAISHOU-W(01024) 2024Q2 Earnings Summary?

Bullish Points:

1. Revenue for the three months ended September 30, 2024, increased by 11.4% year-on-year to RMB 31,131 million, driven by growth in online marketing services and e-commerce business.

2. Gross profit for the three months ended September 30, 2024, increased by 17.0% year-on-year to RMB 16,914 million, with a gross profit margin of 54.3%.

3. Operating profit for the three months ended September 30, 2024, increased by 41.1% year-on-year to RMB 3,119 million.

4. Net profit for the three months ended September 30, 2024, increased by 49.9% year-on-year to RMB 3,270 million.

5. Adjusted net profit for the three months ended September 30, 2024, increased by 24.4% year-on-year to RMB 3,948 million.

6. Adjusted EBITDA for the three months ended September 30, 2024, increased by 12.0% year-on-year to RMB 5,578 million.

7. Revenue for the nine months ended September 30, 2024, increased by 13.1% year-on-year to RMB 91,514 million.

8. Gross profit for the nine months ended September 30, 2024, increased by 25.1% year-on-year to RMB 50,169 million, with a gross profit margin of 54.8%.

9. Operating profit for the nine months ended September 30, 2024, increased by 292.3% year-on-year to RMB 11,019 million.

10. Net profit for the nine months ended September 30, 2024, increased by 308.0% year-on-year to RMB 11,370 million.

11. Adjusted net profit for the nine months ended September 30, 2024, increased by 120.3% year-on-year to RMB 13,015 million.

12. Adjusted EBITDA for the nine months ended September 30, 2024, increased by 58.5% year-on-year to RMB 17,901 million.

13. Online marketing services revenue for the three months ended September 30, 2024, increased by 20.0% year-on-year to RMB 17,634 million.

14. E-commerce GMV for the three months ended September 30, 2024, increased by 15.1% year-on-year to RMB 334,162.5 million.

15. Average daily active users for the three months ended September 30, 2024, reached 407.5 million, a 5.4% year-on-year increase.

16. Average monthly active users for the three months ended September 30, 2024, reached 714.1 million, a 4.3% year-on-year increase.

17. Overseas revenue for the three months ended September 30, 2024, increased by 104.1% year-on-year to RMB 1,331 million, with a significant reduction in operating losses.

18. The company repurchased 51,070,000 B shares for a total consideration of HKD 2,131,261,837.49 during the reporting period.

Bearish Points:

1. The report does not mention any specific challenges or risks faced by the company, which could be a potential oversight.

2. The significant increase in overseas revenue is accompanied by a reduction in operating losses, but the exact figures for these losses are not provided, which could indicate ongoing financial challenges in international markets.

Summary:

KUAISHOU-W (01024) has demonstrated strong financial performance for the three and nine months ended September 30, 2024, with significant year-on-year increases in revenue, gross profit, operating profit, net profit, and adjusted EBITDA. The company has also seen growth in online marketing services, e-commerce GMV, and user engagement metrics. Additionally, the company has made substantial advancements in AI and content generation and has increased its overseas revenue while reducing operating losses. However, the report does not provide specific details on potential challenges or risks, and the exact figures for operating losses in international markets are not disclosed.

For more information, you can read the original text of KUAISHOU-W(01024)'s financial report .