Kingsoft Cloud GAAP EPS of -$0.04, revenue of $268.7M misses by $4.87M

seekingalpha
19 Nov 2024
  • Kingsoft Cloud press release (NASDAQ:KC): Q3 GAAP EPS of -$0.04.
  • Revenue of $268.7M (+16% Y/Y)  misses by $4.87M.
  • Total Revenues reached RMB1,885.6 million (US$268.7 million), increased by 16.0% year-over-year from RMB1,625.2 million in the same quarter of 2023. The accelerated growth of high-quality business, such as AI, has offset the decline in the low-margin CDN business due to strategic proactive adjustments.

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