Kingsoft Cloud Announces Unaudited First Quarter 2024 Financial Results
Kingsoft Cloud Holdings Limited - American Depositary Shares (KC)
Company Research
Source: GlobeNewswire
BEIJING, May 22, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, “We welcome 2024 with an important milestone in our journey of high-quality and sustainable development. Our adjusted EBITDA turned profit, arriving at RMB33.2 million, representing an adjusted EBITDA margin of 1.9%. Our revenue has returned to sequential increase for the past two quarters and our adjusted gross margin has been consecutively increased for seven quarters. During the past year, we have been well on track to optimize our business mix, embrace AI opportunities, invest into cutting-edge technology and take strict control over costs and expenses. We have been investing billions of RMB into AI area and for this quarter, AI re
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News
- Kingsoft Cloud Announces Unaudited First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Kingsoft Cloud to Report First Quarter 2024 Financial Results on May 22, 2024GlobeNewswire
- Kingsoft Cloud Files Annual Report on Form 20-F for Fiscal Year 2023 and Releases 2023 Environmental, Social and Governance Report [Yahoo! Finance]Yahoo! Finance
- Kingsoft Cloud Files Annual Report on Form 20-F for Fiscal Year 2023 and Releases 2023 Environmental, Social and Governance ReportGlobeNewswire
KC
Earnings
- 3/20/24 - Beat
KC
Sec Filings
- 6/28/24 - Form 6-K
- 6/6/24 - Form 6-K
- 6/3/24 - Form 6-K
- KC's page on the SEC website