Kuaishou-W (01024) announced its annual results for the period ending December 31, 2025. Revenue reached 142.776 billion yuan, representing a 12.5% year-on-year increase. Profit attributable to equity shareholders was 18.617 billion yuan, a growth of 21.4% compared to the previous year. Basic earnings per share were 4.35 yuan, and the company proposed a final dividend of 0.69 Hong Kong dollars per share.
The revenue growth in 2025 was primarily driven by increases in online marketing services, live streaming, e-commerce, and the Kling AI business. Revenue from online marketing services rose by 12.5% from 72.4 billion yuan in 2024 to 81.5 billion yuan in 2025, mainly due to the accelerated integration and innovative application of AI across various marketing scenarios. Live streaming revenue increased by 5.5% from 37.1 billion yuan in 2024 to 39.1 billion yuan in 2025, attributed to ongoing efforts to build a rich, healthy live streaming ecosystem with diverse, high-quality content. Revenue from other services grew by 27.6% from 17.4 billion yuan in 2024 to 22.2 billion yuan in 2025, largely fueled by the expansion of the e-commerce business and the Kling AI segment. E-commerce growth was reflected in increased Gross Merchandise Value (GMV), while the Kling AI business advanced due to sophisticated AI technology and superior product performance.
Throughout 2025, the company adhered to its "technology-first, user-centric" philosophy, deepening its AI strategy across all major business areas. While maintaining a globally leading position with its multimodal video generation model, Kling AI, the company leveraged advanced AI capabilities to significantly enhance its content and commercial ecosystems. This resulted in high-quality growth in user base, operating revenue, and profitability.
Kuaishou remains committed to its mission of "connecting goodwill through technology to create long-term value," striving to build an inclusive, warm, and participatory digital community. Using short videos and live streaming as key connectors, the company promotes the deep integration of digital technology into social contexts such as employment, entrepreneurship, and rural revitalization. This enables more individuals to enhance their sense of achievement and well-being through digital tools, contributing to societal progress.
Initiatives like the Happiness Lecture Hall project provide new media skills training for women, seniors, young entrepreneurs, and people with disabilities. By the end of 2025, the program had expanded to over 50 counties and cities across the country, helping nearly 2 million people acquire digital skills in "short video + live streaming." The Enlightening Future School project supports rural education by donating digital classrooms, offering AI courses, and organizing technology summer camps, thereby improving teaching facilities and creating more opportunities for students and teachers to engage with digital learning and cutting-edge technology.
Looking ahead, as AI technology continues to evolve rapidly, the company will persist in deepening its AI strategy and increasing related investments to solidify its position as a leading AI-powered content platform. Grounded in user needs, Kuaishou will further integrate AI to help merchants and marketing clients improve operational efficiency. The ongoing expansion of AI applications within its content and commercial ecosystems is expected to drive high-quality growth in core businesses, unlock new commercial opportunities, and create sustainable long-term value for users, creators, partners, and shareholders.