Welcome to our dedicated page for Kingsoft Cloud Holdings news (Ticker: KC), a resource for investors and traders seeking the latest updates and insights on Kingsoft Cloud Holdings stock.
Kingsoft Cloud Holdings Ltd (KC) provides independent cloud services and AI-driven solutions across healthcare, gaming, and enterprise sectors. This page aggregates official announcements and market-moving developments for stakeholders tracking the company's strategic direction.
Key Resources Include: Earnings call transcripts, product launch details, partnership announcements, and management commentary. Users gain centralized access to operational updates spanning cloud infrastructure expansions, AI platform enhancements, and financial disclosures.
Content Coverage: Monitor updates on hybrid cloud deployments, data center expansions, enterprise contract wins, and R&D initiatives. The curated feed includes SEC filings, strategic collaboration announcements, and industry-specific solution launches.
Bookmark this page for real-time access to KC's verified corporate communications and market intelligence essential for evaluating the company's position in China's competitive cloud computing landscape.
Kingsoft Cloud (KC) reported strong Q4 2024 financial results, marking its first-ever operating profit milestone. Total revenues reached RMB2,232.1 million (US$305.8 million), up 29.6% year-over-year. The company achieved significant growth in AI cloud business, with gross billing increasing 500% YoY to RMB474 million.
Key highlights include:
- Gross profit increased 68.3% YoY to RMB426.0 million
- Non-GAAP EBITDA reached RMB359.7 million with 16.1% margin
- First-time positive Non-GAAP Operating profit of RMB24.4 million
- Revenue from Xiaomi and Kingsoft Group increased 76% YoY
The company's public cloud services revenue grew 34.0% YoY to RMB1,409.8 million, while enterprise cloud services revenue increased 22.7% YoY to RMB822.3 million. The improved performance reflects successful execution of their 'High-quality, Sustainable Development Strategy' and growing AI cloud adoption.
Kingsoft Cloud (NASDAQ: KC, HKEX: 3896), a leading cloud service provider in China, has scheduled the release of its unaudited financial results for Q4 and fiscal year 2024 on March 19, 2025, before U.S. markets open.
The company will host an earnings conference call on the same day at 8:15 am U.S. Eastern Time (8:15 pm Beijing/Hong Kong Time). Participants can pre-register for the call through the company's registration portal. A live and archived webcast will be available on Kingsoft Cloud's investor relations website.
Kingsoft Cloud (KC) reported strong Q3 2024 financial results with total revenues reaching RMB1,885.6 million (US$268.71 million), up 16.0% year-over-year. The company's gross profit increased significantly by 54.6% to RMB303.4 million, while Non-GAAP EBITDA reached RMB185.4 million with a 9.8% margin. AI business expanded to RMB362 million, representing 31% of public cloud revenue. The company's revenue from the Xiaomi and Kingsoft Ecosystem grew by 36% year-over-year. However, the company recorded a net loss of RMB1,061.1 million, mainly due to impairment of long-lived assets of RMB919.7 million.
Kingsoft Cloud (NASDAQ: KC, HKEX: 3896) reported its unaudited Q2 2024 financial results, showcasing substantial growth and improvements. Total revenues hit RMB1,891.8 million, up 3.1% YoY and 6.5% QoQ, driven by AI-related revenues doubling to RMB326 million. Adjusted gross profit soared 56.4% YoY to RMB323.4 million with a margin of 17.1%, up from 11.3%.
Adjusted EBITDA turned profitable, reaching RMB60.6 million from a negative RMB61.4 million YoY. Costs of revenues decreased by 3.4%, notably due to a 15.4% reduction in IDC costs. Operating expenses rose 4.6% YoY to RMB595.9 million. The net loss narrowed to RMB353.7 million from RMB498.3 million YoY. Cash and equivalents stood at RMB1,837.8 million.
Kingsoft Cloud Holdings (NASDAQ: KC, HKEX: 3896), a leading independent cloud service provider in China, has announced it will release its unaudited financial results for the second quarter 2024 on August 20, 2024, before the U.S. markets open. The company's management will host an earnings conference call on the same day at 8:15 am U.S. Eastern Time (8:15 pm Beijing/Hong Kong Time).
Participants can pre-register for the conference call through a provided link. Upon registration, they will receive dial-in numbers, a passcode, and a unique access PIN. A live and archived webcast of the conference call will also be available on Kingsoft Cloud's investor relations website.
Kingsoft Cloud (NASDAQ: KC) reported its unaudited financial results for Q1 2024. Total revenues stood at RMB 1,775.7 million (US$245.91 million), showing a QoQ increase of 3.1% but a YoY decline of 4.8%. Adjusted EBITDA turned positive at RMB 33.2 million with a margin of 1.9%. Adjusted gross profit rose 53.8% YoY to RMB 299.1 million.
Revenues from public cloud services increased by 12.9% QoQ to RMB 1,187.4 million, driven by AI-related revenues contributing 13%. However, revenues from enterprise cloud services fell 12.3% QoQ to RMB 588.2 million.
Operating expenses decreased to RMB 567.4 million, leading to a reduced operating loss of RMB 274.2 million. The net loss was RMB 363.6 million, showing an improvement from the previous year.
The company announced the resignation of Vice President Yifeng Qian and reported cash and cash equivalents of RMB 1,811.7 million as of March 31, 2024.
Kingsoft Cloud Holdings , a prominent cloud service provider in China, will release its unaudited financial results for the first quarter of 2024 on May 22, 2024. The earnings conference call will be held the same day at 8:15 am U.S. Eastern Time. Participants can register for the conference call and access the webcast on the Company's investor relations website.
Kingsoft Cloud Holdings filed its annual report on Form 20-F for the fiscal year 2023, detailing its financial performance and operations. The company also released its 2023 Environmental, Social, and Governance (ESG) Report showcasing its progress in ESG practices, including initiatives like developing research centers, improving supply chain processes, and obtaining certifications for data governance.
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