Kuaishou reports Q2 revenue flat at ~$5.2B, meeting est., net income down 36% YoY to ~$467M, the biggest drop since 2021, and Kling AI sales up 200% (Rachel Yeo/Bloomberg)
Kling AI was the bright spot in an otherwise stalled quarter.
Kuaishou’s second-quarter revenue was flat at about $5.2 billion, in line with estimates. Net income fell 36% year over year to about $467 million, its steepest drop since 2021. Sales from Kling AI rose 200%, according to Techmeme's note.
Kuaishou’s second-quarter revenue was flat at about $5.2 billion, in line with estimates. Net income fell 36% year over year to about $467 million, its steepest drop since 2021. Sales from Kling AI rose 200%, according to Techmeme's note.
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