Short video giant Kuaishou beats revenue estimates in first quarterly report since its Hong Kong listing

//Short video giant Kuaishou beats revenue estimates in first quarterly report since its Hong Kong listing

Short video giant Kuaishou beats revenue estimates in first quarterly report since its Hong Kong listing

Kuaishou Technology, operator of China’s second largest short video-sharing platform, posted a 52.7 per cent revenue increase in the December quarter to beat market estimates in the company’s first earnings report since going public in Hong Kong, but higher expenses pushed it further into the red.Beijing-based Kuaishou reported revenue of 18.1 billion yuan (US$2.8 billion) last quarter, up from 11.8 billion yuan a year earlier, to surpass the 10.9 billion yuan market estimate. That growth was…

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By | 2021-03-23T11:21:00+00:00 March 23rd, 2021|Technology|Comments Off on Short video giant Kuaishou beats revenue estimates in first quarterly report since its Hong Kong listing