Kuaishou's revenue in the third quarter of 2023 reached 27.95 billion yuan, a year-on-year increase of more than 20.8%

According to news from this site on November 21, Kuaishou released its third quarter report for 2023 today. Kuaishou’s Q3 revenue was 27.95 billion yuan, market expectations were 27.708 billion yuan, and 23.13 billion yuan in the same period last year, a year-on-year increase of 20.8%.

Kuaishou’s Q3 adjusted profit was 3.173 billion yuan, compared with an adjusted loss of 672 million yuan in the same period last year, turning a loss into a profit year-on-year. The performance table attached to this site is as follows:

In terms of operational parameters,

In the third quarter of 2023, the average daily active users of Kuaishou applications increased by 6.4 year-on-year. %, reaching a record high of 386.6 million. Meanwhile, average monthly active users increased 9.4% year-over-year to a record high of 684.7 million. In the third quarter of 2023, the average daily usage time per daily active user reached 129.9 minutes, and the total user time increased by 6.9% year-on-year.

In order to further improve cost-effectiveness, Kuaishou completed its own data center in Ulanqab, Inner Mongolia in July 2023 - Kuaishou Intelligence The first phase of construction of the cloud data center. As one of China's largest big data and artificial intelligence data centers, Kuaishou's own ultra-large data center is designed to accommodate 300,000 servers

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