Brief: Kingsoft Cloud Q2 Revenue RMB 2,349.227 Million

Kingsoft Cloud Holdings

20/08/2025 12:56

Overview

Kingsoft Cloud Q2 revenue rises 24.2% yr/yr to RMB2,349.2 mln

Public cloud services revenue grows 31.7% yr/yr, driven by AI demand

Net loss widens to RMB456.9 mln due to higher credit loss expenses

Result Drivers

AI BUSINESS GROWTH - AI gross billing increased by over 120% yr/yr to RMB728.7 mln, driving revenue growth, per CEO Tao Zou

PUBLIC CLOUD SERVICES - Revenue from public cloud services rose 31.7% yr/yr to RMB1,625.3 mln, driven by AI demand

COST IMPACT - Adjusted gross margin fell to 14.9% from 17.1% in Q2 2024, due to higher server costs and upfront costs for future revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
RMB 2.35 bln
Q2 EPS
-RMB 0.11
Q2 Net Income
-RMB 456.86 mln
Q2 Gross Profit
RMB 338.86 mln
Q2 Operating Expenses
-RMB 665.84 mln
Q2 Operating Income
-RMB 326.99 mln
Q2 Pretax Profit
-RMB 454.52 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Kingsoft Cloud Holdings Ltd is HK$7.63, about 3.8% above its August 20 closing price of HK$7.34

Press Release: ID:nPn748T5Da

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)