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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Kuaishou Technology
Kuaishou Technology (1024) investor relations material
Kuaishou Technology Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary19 Aug, 2026
Executive summary
Achieved high-quality growth in Q2 2026 amid a complex macroeconomic environment and intense industry competition, driven by strategic AI investments and operational resilience.
Average DAUs reached 412.3 million, with MAUs at 797.3 million, maintaining position as the world's second-largest short video platform.
Kling AI revenue exceeded RMB 850 million in Q2 2026, up over 200% year-over-year, reinforcing global leadership in AI video generation.
Adjusted net profit for Q2 2026 was RMB 3.9 billion, with an adjusted net margin of 11.0%.
Core business revenue (online marketing and other services, mainly e-commerce) rose 7.4% year-over-year to RMB 26.8 billion.
Financial highlights
Total revenue for Q2 2026 was RMB 35.5 billion, up 1.4% year-over-year; gross profit was RMB 18.3 billion with a margin of 51.6%.
Online marketing services revenue grew 4.4% year-over-year to RMB 20.6 billion.
Revenue from other services, including e-commerce and Kling AI, rose 18.5% year-over-year to RMB 6.2 billion.
Live streaming revenue reached RMB 8.7 billion, down 13.5% year-over-year.
Adjusted EBITDA for Q2 2026 was RMB 7.1 billion (20.0% margin), down 7.7% year-over-year.
Outlook and guidance
Expect near-term revenue pressure and continued heavy AI investment to weigh on profitability in the second half.
Will maintain a long-term focus on AI-driven growth, prudent financial discipline, and cost efficiency.
E-commerce marketing service revenue and commission income expected to face pressure in the second half, but structural opportunities remain.
Management remains cautious about the short-term business outlook due to a complex and challenging operating environment.
Plans to deepen AI integration across business ecosystems and scale Kling AI's capabilities.
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Latest events from Kuaishou Technology
- Revenue up 3.4% YoY, Kling AI soared 300%+, but profit fell 27% on higher AI costs.1024
Q1 2026 - 2025 revenue up 12.5%, profit up 16.5%, fueled by AI and e-commerce expansion.1024Q4 2025
- Q3 2025 delivered 14.2% revenue growth and record user engagement, led by AI and e-commerce.1024Q3 2025
- Q2 2025 saw record revenue, profit, and AI-driven growth, with a special dividend and share buybacks.1024Q2 2025
- Q3 2024 saw 11.4% revenue growth, 408M DAUs, and strong e-commerce and overseas gains.1024Q3 2024
- Q2 2024 saw record profit and margin, led by e-commerce, online marketing, and AI-driven growth.1024Q2 2024
- Q1 revenue up 10.9% YoY, record user metrics, and first overseas profit highlight robust growth.1024Q1 2025
- Record profit and robust AI-driven growth fueled by Kling AI and e-commerce momentum.1024Q4 2024
Next Kuaishou Technology earnings date
Q3 202618 Nov, 2026
Kuaishou Technology
Next Kuaishou Technology earnings date
Q3 202618 Nov, 2026
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Frequently asked questions
Kuaishou Technology is a China-based company primarily focused on operating content communities and social platforms. The company offers a range of services, including live streaming and online marketing solutions. Its online marketing services encompass advertising and other promotional services, catering to a wide audience through its platforms. Kuaishou has distinguished itself in the social media space by emphasizing user-generated content, fostering a community where users can share and engage with short videos and live streams. The company is headquartered in Beijing, China, and its shares are listed on the Stock Exchange of Hong Kong.