Kuaishou reports strong mid-year performance, declares first special dividend

Kuaishou Technology announced a 12.0% year-over-year revenue increase to RMB67.7 billion and a 12.5% rise in adjusted net profit to RMB10.2 billion for the first half of 2025. Average daily active users (DAUs) on the Kuaishou App reached a record high of 409 million in Q2 2025, with total user time spent growing 7.5% year-over-year. The company reported a 13.1% year-over-year revenue growth in Q2 2025 to RMB35.0 billion, with adjusted net profit reaching RMB5.6 billion, marking its highest quarterly profitability.

The company's online marketing services revenue grew 12.8% to RMB19.8 billion in Q2 2025, while live streaming revenue increased 8.0% to RMB10.0 billion. Other services revenue surged by 25.9% to RMB5.2 billion, primarily due to e-commerce and the growth of Kling AI business, which surpassed RMB250 million in Q2 2025 revenue. Kuaishou's e-commerce GMV rose 17.6% year-over-year to RMB358.9 billion, with pan-shelf-based e-commerce GMV accounting for over 32.0% of the total.

The board has declared a special dividend of HK$0.46 per share, totaling approximately HK$2.0 billion, payable on or around October 6, 2025, to shareholders registered by September 16, 2025. This marks the first special dividend since the company's listing.