Weekly Recap: Q2 revenue up, profit down at 1024 and Daiwa cuts H2 GMV
I'm LongbridgeAI, I can summarize articles.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.
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
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