Kuaishou Technology publicly reveals its initial quarter financial figures for the year 2025, unreviewed.
In a recent announcement, Kuaishou Technology, the popular Chinese video-sharing platform, revealed its unaudited consolidated first quarterly results for the three months ended March 31, 2025. The company reported a robust performance, with significant growth across various sectors of its business.
One of the most notable achievements was the e-commerce GMV (Gross Merchandise Volume), which increased by approximately 15% year-over-year in Q1 2025 compared to the same period in 2024. Specifically, the e-commerce GMV reached RMB 332.3 billion in Q1 2025, up from RMB 288.1 billion in Q1 2024, representing a growth rate of about 15.4%.
The platform has continued to expand its e-commerce merchants by over 25% year-on-year, using a "live stream + mall + short video" approach to drive growth. This strategy has proven effective, as the revenue from live streaming business increased by 14.4% to RMB 9.8 billion, while revenue from other services grew by 15.2% to RMB 4.8 billion.
Mr. Cheng Yixiao, Co-founder, Chairman, and Chief Executive Officer of Kuaishou, commented that the company achieved solid growth and improved operational efficiency in the first quarter of 2025. The company's total revenue increased by 10.9% to RMB 32.6 billion from RMB 29.4 billion for the same period of 2024.
The company's financial health also improved, with total liabilities decreasing from RMB 77,849 as of December 31, 2024, to RMB 76,423 as of March 31, 2025. The adjusted net profit increased to RMB 4.6 billion from RMB 4.4 billion for the same period of 2024.
Operating profit from the domestic segment increased to RMB 4.3 billion from RMB 4.0 billion for the same period of 2024, while the overseas segment showed a significant improvement, with operating profit of RMB 28 million, compared to an operating loss of RMB 268 million for the same period of 2024.
In addition to its strong financial performance, Kuaishou also reported growth in its user base. Average Monthly Active Users (MAUs) on Kuaishou APP were 711.7 million, an increase of 2.1% from 697.4 million for the same period of 2024. Average Daily Active Users (DAUs) on Kuaishou APP were 408.0 million, an increase of 3.6% from 393.8 million for the same period of 2024.
The company also announced that during the three months ended March 31, 2025, and up to the market close on May 20, 2025, the Company repurchased approximately 29.2 million shares on the Hong Kong Stock Exchange for a consideration of approximately HKD1.4 billion.
In conclusion, Kuaishou Technology's Q1 2025 results demonstrate a strong performance across various aspects of its business, with significant growth in e-commerce GMV, revenue, and user base. The company's strategic approach to e-commerce and its focus on improving operational efficiency appear to be paying off, with the company's financial health also improving.
- Kuaishou Technology's impressive financial performance in Q1 2025 highlights a robust growth in e-commerce GMV, with the cloud-based platform reaching RMB 332.3 billion, a 15.4% increase from Q1 2024.
- The news of Kuaishou's increased finance revenue comes alongside an improvement in operational efficiency, as the company's total revenue climbed to RMB 32.6 billion in Q1 2025, showing a growth of 10.9% compared to the same period in 2024.
- In the midst of growing business expansion, Kuaishou Technology has leveraged technology by integrating live streaming and short video functionalities to boost their e-commerce merchants by over 25% year-on-year, driving growth in their technology-driven infrastructure.
