KINGSOFT CLOUD: Total revenue in the third quarter was 2.478 billion yuan, a year-on-year increase of 31.4%

Kingsoft Cloud released its third-quarter report, with revenue increasing by 31.4% year-on-year to RMB 2.478 billion. Among them, public cloud service revenue grew by 49.1% year-on-year to RMB 1.75 billion. In this quarter, the billing revenue from artificial intelligence business reached RMB 782 million, with a year-on-year growth rate of approximately 120%. The adjusted gross profit for the third quarter was RMB 393 million, an increase of 27.6% year-on-year and 12.0% quarter-on-quarter. The adjusted EBITDA profit for the third quarter reached RMB 826.6 million, a year-on-year increase of 345.9%. The adjusted EBITDA profit margin for the third quarter was 33.4%, an increase of 23.6 percentage points year-on-year