Kuaishou Technology (HKG:1024) recorded a 50% increase in its third-quarter profit to 3.27 billion yuan from 2.18 billion yuan a year prior, a Wednesday Hong Kong bourse filing stated.
The Chinese video-sharing platform's earnings per share climbed to 0.75 yuan from 0.49 yuan in the year-ago period.
The technology company's revenue rose 11.4% to 31.1 billion yuan from 27.9 billion yuan a year earlier.
The average daily active users on Kuaishou, which competes with Douyin, the Chinese equivalent of TikTok, rose 5.4% to 407.5 million in the third quarter from 386.6 million a year earlier.
The growth was driven by Kuaishou's efforts to improve user acquisition and retention, such as integrating e-commerce and enhancing algorithms.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。