【银河传媒互联网岳铮】公司点评丨快手-W (1024.HK):AI商业化变现加速,关注后续产品迭代

中国银河证券研究
Sep 08

【报告导读】1.用户数据稳健增长,泛货架GMV持续增长。2.AI商业化变现加速,关注后续产品迭代。核心观点事件8月29日,公司举办2025快手光合创作者大会,设置主论坛和直播、变现、可灵AI等多个主题分论坛。9月4日,公司发布2025年中期报告:2025Q2公司实现营业收入350.46亿元,同比增长13.1%;经调整后净利润为56.18亿元,同比增长20.1%。用户数据稳健增长,泛货架GMV...

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