Kuaishou Profit Soars 70% as AI Supercharges Ad Revenue
Listen to the full version

Kuaishou Technology Co. Ltd. posted a 70% surge in third-quarter operating profit, as its ramped-up investment in artificial intelligence began bearing fruit—especially in its core advertising segment.
The Beijing-based short-video company reported operating profit of 5.3 billion yuan ($746 million) for the three months ended in September, according to earnings released Wednesday. Revenue climbed 14.2% year-on-year to 35.6 billion yuan, while adjusted profit rose 26.3% to 5 billion yuan.
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
- DIGEST HUB
- Kuaishou's Q3 2024 operating profit surged 70% to 5.3 billion yuan, with revenue up 14.2% to 35.6 billion yuan, aided by AI investments.
- Advertising revenue rose 14% to 20.1 billion yuan, powered partly (4-5%) by AI; Kling, its AI video model, generated over 300 million yuan in Q3.
- User engagement reached record highs; e-commerce revenue grew 41.3%, while overseas revenue declined 13% but losses narrowed.
- Kuaishou Technology Co. Ltd.
- Kuaishou Technology Co. Ltd. saw a 70% surge in Q3 operating profit, reaching 5.3 billion yuan ($746 million). Revenue climbed 14.2% to 35.6 billion yuan, driven by AI investments, especially in advertising. Its AI video-generation model, Kling, contributed significantly, with Q3 revenue over 300 million yuan. Kuaishou plans increased capital spending on computing power for AI, despite shares falling 1.8% after the announcement.
- OpenAI
- OpenAI is recognized as a global AI competitor. The article mentions their AI video-generation model, Sora, which was unveiled earlier this year. Kuaishou, a Beijing-based short-video company, is investing heavily in computing infrastructure to keep pace with companies like OpenAI.
- MOST POPULAR





