Kuaishou Technology Third Quarter 2023 Earnings: EPS: CN¥0.51 (vs CN¥0.64 loss in 3Q 2022)

Kuaishou Technology (HKG:1024) Third Quarter 2023 Results

Key Financial Results

• Revenue: CN¥27.9b (up 21% from 3Q 2022).
• Net income: CN¥2.18b (up from CN¥2.71b loss in 3Q 2022).
• Profit margin: 7.8% (up from net loss in 3Q 2022).
• EPS: CN¥0.51 (up from CN¥0.64 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kuaishou Technology Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Asia.

Performance of the market in Hong Kong.

The company's shares are up 3.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Kuaishou Technology that you need to be mindful of.

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