Recent data from the global AI benchmarking organization Artificial Analysis reveals that the Kling 3.0 Pro model leads the text-to-video sector with a top Arena ELO benchmark score of 1240. Within the top 15 ranked models, seven are from the Kling series. Industry analysis indicates that the previously released Kling 3.0 model holds a leading industry advantage in video realism, consistency, and controllability, signifying that AI technology has formally entered the core stage of film and television-grade visual production.
Concurrently, a research report from Bank of America Global Research dated February 25th argues that recent market concerns over competition in the AI video domain may be overstated. The report reiterates a "Buy" rating for Kuaishou. It suggests that recent stock price adjustments were primarily influenced by the launch of competing models. However, the institution believes that advancements in AI video generation and increased supply will help drive overall industry expansion. As the adoption of AI video generation technology grows, demand for Kling is expected to increase. Furthermore, a rise in AI-generated video content could positively impact Kuaishou's primary short-video business.
Bank of America also emphasized that Kling maintains a leading position in both model capability and product development cadence. It noted that the current Kling 3.0 version is already quite comprehensive in terms of feature coverage and overall capability. Additionally, Kling and some competitors differ in their target customer bases and geographic focus, with Kling placing greater emphasis on overseas markets, professional creators, and enterprise clients.
Regarding financial data, the report cites third-party mobile revenue tracking figures, indicating that the launch of competing models has had a limited effect on Kling's mobile revenue trajectory. Bank of America also reviewed historical data, pointing out that when Google released Veo 3.0 on May 20, 2025, similar competitive concerns arose. However, Kling's overseas daily revenue remained stable in the following month and gradually increased, now standing at more than double the level seen at that time. The report concludes that Kling's revenue growth is primarily driven by its own model upgrades, with competitor launches having a limited impact.
Valuation-wise, the institution set a target price of HK$94 for Kuaishou, based on a sum-of-the-parts valuation method. This values the core business at 13 times expected 2026 price-to-earnings ratio, while the Kling AI business is valued at a 35 times price-to-sales ratio. Market analysts believe that Kling 3.0's top ranking in the international authoritative evaluation system will help solidify its leading position in the global AI video generation landscape and further strengthen its competitive foundation in professional creation and enterprise application scenarios.