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Kuaishou Technology Class B ( (HK:1024) ) has issued an announcement.
Kuaishou Technology announced its unaudited consolidated results for the first quarter of 2025, showing a 10.9% increase in revenues compared to the same period in 2024, reaching RMB 32,608 million. Despite a slight decrease in profit for the period, the company saw growth in adjusted net profit and EBITDA, indicating strong operational performance. The domestic market remains the primary revenue driver, while the overseas segment showed significant growth. The company also reported an increase in average daily and monthly active users, as well as growth in total e-commerce GMV, highlighting its expanding user base and e-commerce activities.
The most recent analyst rating on (HK:1024) stock is a Buy with a HK$65.00 price target. To see the full list of analyst forecasts on Kuaishou Technology Class B stock, see the HK:1024 Stock Forecast page.
More about Kuaishou Technology Class B
Kuaishou Technology is a company incorporated in the Cayman Islands, operating in the technology sector with a focus on social media and e-commerce platforms. It is known for its Kuaishou App, which provides online marketing services and facilitates e-commerce activities.
Average Trading Volume: 53,688,282
Technical Sentiment Signal: Sell
Current Market Cap: HK$209.9B
See more data about 1024 stock on TipRanks’ Stock Analysis page.