---
title: "Weekly Recap: Q2 revenue up, profit down at 1024 and Daiwa cuts H2 GMV"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296712722.md"
description: "Kuaishou Tech reported Q2 revenue of RMB35.5B (+1.4% YoY) and adjusted net profit of RMB3.9B, though net profit fell 36% YoY to RMB3.15B with DAUs at 412.3M. Concurrently, Daiwa downgraded Kuaishou to Hold, predicting H2 GMV could drop ~10% due to weak e-commerce and softer ad revenue, cutting the target price to HK$72."
datetime: "2026-08-23T23:13:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296712722.md)
  - [en](https://longbridge.com/en/news/296712722.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296712722.md)
generator: "portal-rs"
---

# Weekly Recap: Q2 revenue up, profit down at 1024 and Daiwa cuts H2 GMV

Kuaishou Technology Class B (HKEX:1024) reported Q2 revenue RMB35.5B with DAU 412.3M and adjusted net profit RMB3.9B while net profit fell 36% YoY, and Daiwa warns H2 GMV could drop ~10% amid weak e‑commerce and softer ads, downgrading the stock to Hold.

**Previous Week Recap**

-   **Kuaishou Tech Class B Q2 2026 Revenue; DAU 412.3M**: Kuaishou Tech Class B (1024) Q2 2026: revenue RMB35.5B (+1.4% YoY); adjusted net profit RMB3.9B; net profit RMB3.15B (-36% YoY); DAU 412.3M; marketing revenue RMB20.6B (+4.4%). 3 sources
-   **Daiwa Downgrades Kuaishou; GMV Down**: Daiwa predicts Kuaishou Technology Class B (1024) H2 gross merchandise value to fall ~10% YoY, citing weak e-commerce and softer ad revenue; stock downgraded to Hold, target cut to HK$72. Dow Jones Newswires

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**