Kuaishou Q1 Report: AI Investment Becomes a Profit Black Hole, Kailing Video Business Faces Transformation Pain
Kuaishou's Q1 2025 financial report shows total revenue of 33.7 billion yuan, a slight 3.4% year-on-year increase, but adjusted net profit fell sharply by 26.3% to 3.4 billion yuan, with gross margin declining to 51.2%. Core data reveals dual pressures of 'main business growth peaking' and 'heavy AI investment,' leading to profit turning negative and weak core business growth.....