Kuaishou's 2024 Q2 Financial Report Revenue, Profit, User Growth and More

TapTechNews August 20th news, Kuaishou just released its second quarter 2024 financial report as of June 30. TapTechNews summarizes the operational highlights of Kuaishou in Q2 as follows:

Revenue was 30.975 billion yuan, an increase of 11.6% year-on-year;

Net profit was 4 billion yuan, while the net profit in the same period last year was 1.5 billion yuan.

Based on non-IFRS, the adjusted net profit was 4.679 billion yuan, while the profit in the same period last year was 2.694 billion yuan.

Gross margin increased to more than 55%, and the adjusted net profit margin was 15.1%.

The average daily active users were 395.3 million, while in the same period last year it was 376.0 million;

The average monthly active users were 691.8 million, while in the same period last year it was 673.3 million;

The average online marketing service revenue per daily active user was 44.3 yuan, while in the same period last year it was 38.2 yuan;

The total transaction volume of e-commerce goods was 305.2534 billion yuan, while in the same period last year it was 265.4564 billion yuan.