New Street Research - BEIJING KUAISHOU TECHNOLOGY (1496219D) ... Kuaishou 4Q23 Preview: Further Upside in Margins

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New Street Research

Jin Yoon

Kuaishou 4Q23 Preview: Further Upside in Margins

What’s New: We nudge down our 4Q total revenues partly due to slowdown in gaming (recognized in other revenues), but up our margin estimates amid continued optimization in revenue sharing fees, server + bandwidth, and S&M related costs. In this note, we discuss about the latest updates on the business including financial outlook and user trends in 4Q.

Analysts:
Jin Yoon

19/01/2024 1 EN

Underlyings

BEIJING KUAISHOU TECHNOLOGY

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Beijing Kuaishou Technology Co Ltd

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Kuaishou Technology

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New Street Research

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Analysts

Jin Yoon

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Kuaishou 4Q23 Preview: Further Upside in Margins

Kuaishou 4Q23 Results: Margins to Further Improve in 2024

REG: Strategy: Alpha Picks - February 2024

Swisscom (Neutral, TP: CHF610, +22%) Q1 24:Mixed numbers, weaker SR trends in Switzerland

Match Group (MTCH, Buy, $55 target) Quick Thoughts Ahead of Tuesday’s Print

VirginMedia-O2 Q1 24 with a deeper-dive on the nexfibre accounts

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