Hong Kong · Delayed Price · Currency is HKD Kingsoft Corporation Earnings Call Transcripts
Fiscal Year 2025
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2025 revenue declined 6% year-over-year, but office software and services grew 16% and online games saw new user momentum from Goose Goose Duck. AI integration and international expansion drove strong growth in WPS businesses, while profitability and cash position remained robust.
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Q3 2025 revenue fell 17% year-on-year but rose 5% sequentially, with office software showing strong growth and online games declining. AI and internationalization remain strategic priorities, and cash reserves are robust at RMB 26 billion.
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Q2 2025 saw office software revenue rise 14% year-on-year, driven by AI innovation, while online games revenue fell 26% due to a high base effect. Net profit increased to CNY 532 million, with strong cash reserves and continued investment in AI and global expansion.
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Revenue grew 9% year-over-year to RMB 2.34 billion, driven by strong office software and gaming segments. AI integration, global expansion, and new game launches remain strategic priorities, with Mecha Break set for July release.
Fiscal Year 2024
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Annual revenue grew 21% to RMB 10.38 billion, with operating profit up 64% and strong gains in both office software and online games. AI integration and new product launches drove user growth and international expansion, while a robust cash position supports ongoing investment and shareholder returns.
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Q3 2024 saw record revenue and profit growth, led by gaming and office software. AI-driven product launches and strong user engagement boosted results, while robust cash flow and ongoing share repurchases support future growth. Five new games are planned for next year.
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Q2 2024 saw double-digit revenue and profit growth, driven by strong online games and steady office software performance. AI initiatives and new product launches boosted user engagement, while cash reserves and share repurchases strengthened the balance sheet.