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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.
Kunlun Tech Co
Kunlun Tech Co (300418) investor relations material
Kunlun Tech Co Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
9M 2026 revenue rose 53.96% YoY to ¥8.937bn; attributable net profit was ¥2.61m, while adjusted attributable net loss was ¥1.546bn.
AI commercialization accelerated: TianGong AI revenue grew 168.29% to ¥4.321bn, and AI short-drama platforms reached nearly US$100m in monthly billings in September.
Financial highlights
Q3 revenue was ¥3.578bn, up 72.71% YoY; attributable net loss was ¥1.085bn and adjusted attributable net loss was ¥1.088bn.
9M operating costs totaled ¥10.805bn versus revenue of ¥8.937bn; consolidated net loss was ¥561.3m, while net income attributable to owners was ¥2.61m.
9M investment income was ¥1.596bn, largely from recognizing a gain after a subsidiary's equity was diluted and control was lost.
9M selling expenses rose 101.27% YoY to ¥5.818bn, mainly on higher marketing and channel fees; operating revenue increased 53.96%.
Outlook and guidance
Strategy remains focused on AGI and AIGC, with four model families supporting AI-native short-drama, music and gaming platforms and a technology-to-commercialization loop.
Planned priorities include expanding global commercialization, developing AI-native platforms and advancing the commercial testing version of the AI game 《猫森小镇》.
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Latest events from Kunlun Tech Co
- Revenue up 43.55% and net profit at ¥1.09B, led by AI and global expansion.300418
Q2 2026 - Revenue up 45.69% year-over-year, but net loss widened on investment losses; AI platforms lead globally.300418Q1 2026
- Revenue up 44.78% to ¥8.20B, but net loss persists amid heavy AI investment.300418Q4 2025
- Q3 net profit hit ¥190 million as revenue soared 51.6% year-over-year, led by AI and overseas growth.300418Q3 2025
- Revenue up 49% to ¥3.73B, but net loss deepened to ¥855.5M amid heavy AI investment.300418Q2 2025
- Q3 saw revenue growth and high gross margin, but investment losses led to a net loss.300418Q3 2024
- Revenue up, net loss on investments; AI and overseas business drive future growth.300418Q2 2024
- Revenue up 15.2% but net loss of ¥1.59B due to R&D and investment losses; AI business grows.300418Q4 2024
- Revenue up 46% but net loss deepened on AI investment; global AI and content growth strong.300418Q1 2025
Next Kunlun Tech Co earnings date
Q4 202623 Apr, 2027
Kunlun Tech Co
Next Kunlun Tech Co earnings date
Q4 202623 Apr, 2027
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