Kingsoft Cloud Holdings
$KC · NASDAQ · TECHNOLOGY · 1 stories in 30 daysThe wire on $KC
newest first · duplicate source posts collapse into one event · direct subject stories onlyKingsoft Cloud Q2 revenue beats estimates; AI cloud billings surge 82%
Kingsoft Cloud reported Q2 revenue of RMB3.07B, above the RMB3.03B estimate, up 30.8% YoY. AI cloud gross billings rose 82% to RMB1.33B, representing 56% of public cloud revenue. The company recorded its first GAAP operating profit of RMB23M, compared to a loss of RMB327M a year ago. Net loss narrowed 79.6% to RMB93M. Adjusted EBITDA margin improved to 35.8%.
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