Kuaishou Technology·Communication Services

Kuaishou Technology (KSHTY) Q1 2026 Earnings Call Transcript

HONG KONG, May 27, 2026 /PRNewswire/ -- Kuaishou Technology ("Kuaishou" or the "Company"; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced its unaudited consolidated first quarterly results for the three months ended March 31, 2026. First Quarter 2026 Key Highlights Average DAUs on Kuaishou APP were 412.7 million, representing an increase of 1.2% from 408.0 million for the same period of 2025.

The Chinese short-video company is in talks with prospective investors—including Tencent, a major shareholder of Kuaishou—to raise around $2 billion for its Kling unit.

HONG KONG, May 6, 2026 /PRNewswire/ -- Kuaishou Technology ("Kuaishou" or the "Company"; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced that it will report its unaudited consolidated first quarterly results for the three months ended March 31, 2026, after the Hong Kong market closes on Wednesday, May 27, 2026. The Company's management will host a conference call on Wednesday, May 27, 2026, at 7:00 PM Beijing Time (7:00 AM U.S. Eastern Time) to discuss the results.

Kuaishou Technology is downgraded to Hold as the near-term earnings outlook deteriorates amid surging AI capex and slower growth guidance. Management's 2026 guidance signals revenue growth of 4–4.5%, declining margins, and a 15–18% drop in adjusted earnings as capex jumps to RMB26B. Kling remains a bright spot, with ARR reaching $300M and FY2026 revenue expected to more than double, easing competitive concerns.

I reduce Kuaishou's rating to a 'hold,' following my assessment of its 4Q2025 results and FY26 outlook. KUASF delivered a 12% YoY revenue increase and 36% YoY operating profit growth in Q4, with advertising revenue expansion and fixed-cost leverage as key drivers. But management is guiding for a slower pace of topline increase for 1Q2026; it also anticipates a surge in CAPEX for the full year.
Kuaishou Technology, an investment holding company, provides live streaming, online marketing, and other services mainly in the People's Republic of China. It offers Kuaishou Flagship, a short video and content based social networking platform; Kuaishou Express; Kuaishou Concept; Yitian Camera, an app to create photographs, videos, and vlogs; Kmovie, a shooting, editing, and production tool; AcFun, a video sharing website; and Kuaikandian, an information content aggregator. The company also develops and sells in-house mobile games, as well as games developed by third party game developers; provides online knowledge-sharing through its platform; and offers live streaming e-commerce content services. In addition, it develops software, hardware, and network technology; and offers programming and advertising, internet information, and multimedia information technology services, as well as provides technology development, promotion, and other services. Kuaishou Technology was founded in 2011 and is headquartered in Beijing, China.
Communication Services
Internet Content & Information
24,718
2021-02-17
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