Kingsoft Cloud Holdings Ltd (KC) Q3 2024 Earnings Call Highlights: Strong AI Revenue Growth and ... [Yahoo! Finance]
Kingsoft Cloud Holdings Limited - American Depositary Shares (KC)
Company Research
Source: Yahoo! Finance
Enterprise Cloud Revenue: RMB710 million, 16.7% year-over-year increase. AI Revenue: RMB362 million, 31% of public cloud revenue, 6.9-fold increase year-over-year. Adjusted Gross Profit: RMB308 million, 56.7% year-over-year increase. Adjusted Gross Margin: 16.3%, up 4.2 percentage points year-over-year. Adjusted EBITDA: RMB185 million, 9.8% margin, 13 percentage points year-over-year increase. Net Operating Cash Inflow: RMB228 million. Cash and Cash Equivalents: RMB1,617.9 million as of September 30, 2024. Capital Expenditure: RMB1.22 billion, primarily for AI business servers. Warning! GuruFocus has detected 3 Warning Signs with KC. Release Date: November 19, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Kingsoft Cloud Holdings Ltd ( NASDAQ:KC ) reported a 16% year-over-year revenue growth, outpacing the industry average. The company's profitability is improving, with EBITDA margin reaching 10% this q
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News
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) was upgraded by analysts at UBS Group AG from a "neutral" rating to a "buy" rating. They now have a $12.50 price target on the stock, up previously from $4.20.MarketBeat
- Kingsoft Cloud Holdings (KC): A Rising Star in AI and Cloud Computing [Yahoo! Finance]Yahoo! Finance
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) was upgraded by analysts at Nomura Securities from a "hold" rating to a "strong-buy" rating.MarketBeat
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) was upgraded by analysts at Nomura from a "neutral" rating to a "buy" rating. They now have a $6.70 price target on the stock, up previously from $2.30.MarketBeat
- Kingsoft Cloud Holdings Limited (KC) Reports 16% YoY Revenue Growth in FQ3 2024, Fueled by AI Demand and Ecosystem Services [Yahoo! Finance]Yahoo! Finance
KC
Earnings
- 3/20/24 - Beat
KC
Sec Filings
- 12/9/24 - Form 144
- 12/5/24 - Form 6-K
- 11/29/24 - Form 6-K
- KC's page on the SEC website