Kuaishou-W (01024) rose over 5%. As of the latest update, the stock was up 2.76%, trading at HK$46.1 with a turnover of HK$2.639 billion.

On May 27, Kuaishou Technology released its first-quarter 2026 results. The financial report shows that total revenue for Q1 2026 reached RMB 33.7 billion, with adjusted net profit hitting RMB 3.4 billion. Core commercial revenue, encompassing online marketing services and other services primarily driven by e-commerce, increased by 10.7% year-on-year.

Regarding users, the average daily active users of the Kuaishou app reached 413 million in the first quarter, and the average monthly active users reached 772 million, setting new historical records.

This quarter, Kuaishou continued to deepen its AI strategic layout. The commercialization process of its Kling AI accelerated further, with revenue surging over 300% year-on-year. Concurrently, AI capabilities are increasingly integrated into core scenarios such as online marketing, e-commerce, content ecosystem development, and organizational efficiency enhancement, driving improvements in the operational efficiency of its main businesses.

Overall, in the first quarter of 2026, Kuaishou's user base continued to expand, core commercial revenue maintained growth, the commercialization of Kling AI accelerated further, and AI capabilities continued to deliver tangible value across more business scenarios.