[BUSINESS]■ STORY TIMELINE

KUAISHOU PROFIT PLUNGES 36% DESPITE FLAT REVENUE

Kuaishou Technology posted flat Q2 revenue of $5.2 billion but saw net income drop 36% year-over-year to $467 million—the steepest decline since 2021. The Chinese short-video platform's earnings miss came amid higher creator payouts, though its Kling AI division surged 200%.

1 SOURCEFIRST SEEN AUG 19, 10:30 AM► READ THE ARTICLE

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Kuaishou reports Q2 revenue flat at ~$5.2B, meeting est., net income down 36% YoY to ~$467M, the biggest drop since 2021, and Kling AI sales up 200% (Rachel Yeo/Bloomberg)

Rachel Yeo / Bloomberg: Kuaishou reports Q2 revenue flat at ~$5.2B, meeting est., net income down 36% YoY to ~$467M, the…

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