New Street Research - BEIJING KUAISHOU TECHNOLOGY (1496219D) ... Kuaishou 3Q25 Results: Stepping Up Investments in Kling AI

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New Street Research

Jin Yoon

Kuaishou 3Q25 Results: Stepping Up Investments in Kling AI

What’s new: Kuaishou’s reported 3Q25 results that top consensus and our expectations. OMS could remain resilient partly driven by growth in the domestic market. AI monetization could remain stable (to potential upside) partly driven by higher subscriber base for Kling AI. Kuaishou remains committed in investments around Kling AI. We maintain our PT at HKD85.

Analysts:
Jin Yoon

20/11/2025 1 EN

Underlyings

BEIJING KUAISHOU TECHNOLOGY

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Beijing Kuaishou Technology Co Ltd

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Kuaishou Technology Class B

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KYG532631028 Hong Kong Stock Exchange Cayman Islands

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Analysts

Jin Yoon

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Kuaishou 3Q25 Results: Stepping Up Investments in Kling AI

Kuaishou Technology (1024 HK): 3Q25: Intact Top-line And Earnings Growth; Ramps Up Kling AI Capex And Revenue Growth Outlook.

Greater China Daily: Thursday, November 20, 2025

Iliad (Equal Weight) Q3 25: Weaker French trends – but Q4 outlook better

As WBD Collects Bids, Has Anything Changed in Likely Government’s Approach (or, More Important, in the Markets)?

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