Kuaishou: 1Q25 Flash - Results Largely in Line
Total net revenues came in at RMB32.6bn (-7.8% QoQ and +10.9% YoY), slightly above consensus estimates and our expectations of RMB32.3bn. Gross margin came in at 54.6%, below our estimates of 55.2% and down from 54.8% in 1Q24. non-GAAP EBITDA margin came in at 19.7%, in-line with our expectations, but down from 20.3% in 1Q24.Analysts:
Jin Yoon
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.