Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2024 Financial Results; First Time Operating Margin Profitable with Accelerated Growing Revenue of AI Cloud
Kingsoft Cloud Holdings Limited - American Depositary Shares (KC)
Company Research
Source: GlobeNewswire
BEIJING, March 19, 2025 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter Financial Highlights Total Revenues reached RMB2,232.1 million (US$305.8 million)1, increased by 29.6% year-over-year from RMB1,722.5 million in the same quarter of 2023. Our business has experienced accelerated and high-quality growth and our revenue structure is well-balanced.Gross profit was RMB426.0 million (US$58.4 million), representing a significant increase of 68.3% from RMB253.1 million in the same quarter of
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News
- Kingsoft Cloud Holdings Ltd (KC) (Q4 2024) Earnings Call Highlights: Record Revenue Growth and ... [Yahoo! Finance]Yahoo! Finance
- Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2024 Financial Results; First Time Operating Margin Profitable with Accelerated Growing Revenue of AI Cloud [Yahoo! Finance]Yahoo! Finance
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) was downgraded by analysts at Nomura Securities from a "strong-buy" rating to a "hold" rating.MarketBeat
- Kingsoft Cloud to Report Fourth Quarter and Fiscal Year 2024 Financial Results on March 19, 2025GlobeNewswire
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) was downgraded by analysts at Nomura from a "buy" rating to a "neutral" rating.MarketBeat
KC
Sec Filings
- 3/21/25 - Form 144
- 3/21/25 - Form 144
- 3/21/25 - Form 144
- KC's page on the SEC website