AI ImpactAI Large Model contributed 4-5% to domestic ad growth, and Kling AI commercialisation was on track, showing a 20% quarter-over-quarter increase.
Earnings PerformanceAdjusted earnings rose 26% year-over-year, beating expectations due to lower selling expenses, with revenue slightly above expectations.
Growth PotentialKuaishou Technology benefits from decentralised distribution and a sticky, community-driven ecosystem, with strength in lower tier cities and non-standard e-commerce categories providing long-term growth potential.