Kuaishou Technology (1024) Earnings Call Transcripts

Kuaishou Technology's Latest Earnings Call - Q1 FY2026

In Q1 2026, Kuaishou Technology reported total revenue of RMB 33.7 billion, reflecting a 3.4% year-over-year increase, driven primarily by a 10.7% growth in its core commercial business, which includes online marketing services and e-commerce. Adjusted net profit reached RMB 3.4 billion, with a net margin of 10%. Management highlighted the rapid growth of its AI-driven Clean AI business, which generated over RMB 650 million in revenue, up more than 300% year-over-year. Looking ahead, Kuaishou maintained its commitment to AI investments and expects continued growth in its e-commerce and marketing services segments, despite potential near-term challenges in monetization rates.

Reported metrics

Guidance from management

Management maintained a CapEx guidance of approximately RMB 26 billion for 2026 while aiming for positive free cash flow. They emphasized continued investment in AI and a commitment to shareholder returns.

What analysts pressed on

Analysts expressed concerns regarding the potential impact of macroeconomic conditions on e-commerce monetization rates and the sustainability of growth in the AI-driven segments. There were questions about the integration of e-commerce and commercial traffic and its effects on operational efficiency.

Main topics on the call

• AI Business Growth — Kuaishou's Clean AI business generated over RMB 650 million in Q1 2026, representing a year-over-year growth of more than 300%. Management noted, "The rapid revenue growth was driven by both corporate API services and pa...
• Core Commercial Business Performance — The core commercial business, including online marketing services and e-commerce, grew by 10.7% year-over-year. Management stated, "In Q1, revenue from online marketing services reached RMB 19.6 billion, up 9.3% Y-o-Y."
• User Growth and Engagement — Average daily active users (DAUs) reached 413 million, with significant increases in user interactions during the Chinese New Year campaign. Management highlighted that "the number of payers using our social injection pr...
• Live Streaming Revenue — Live streaming revenue was reported at RMB 8.5 billion, with a focus on enhancing content quality and user engagement. Management emphasized the importance of a "healthy live streaming ecosystem for long-term growth."

Read the full Kuaishou Technology transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 19 Kuaishou Technology earnings call transcripts on record, spanning March 23, 2021 to May 27, 2026. Based on this history, Kuaishou Technology reports quarterly. The most recent call on file is dated May 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

1024

Exchange

SEHK

Country

HK

Sector

Communication Services

Industry

Interactive Media and Services

Calls on record

19

First call

March 23, 2021

Most recent

May 27, 2026

Reporting cadence

quarterly