Financial PerformanceAdjusted net profit grew by 74% YoY to RMB4.7bn, 8% ahead of consensus estimate thanks to better-than-expected cost optimization and opex control.
Revenue GrowthOnline marketing revenue grew by 22% YoY to RMB17.5bn in 2Q24, driven by solid growth of both external and enclosed loop marketing services.
Technology And OperationsKuaishou's proactive upgrade in technology and operations will help to cushion the impact of a challenging macro backdrop and intense competition.