Kuaishou reports Q1 revenue up 24% YoY to ~$3.2B, vs. ~$3.1B est., a ~$939M net loss, down 89% YoY from ~$8.7B, and 346M DAUs, up 17% YoY from 295M (Tracy Qu/South China Morning Post)

https://ift.tt/RZnaOWY

Tracy Qu / South China Morning Post:
Kuaishou reports Q1 revenue up 24% YoY to ~$3.2B, vs. ~$3.1B est., a ~$939M net loss, down 89% YoY from ~$8.7B, and 346M DAUs, up 17% YoY from 295M  —  Kuaishou's revenue rose 24 per cent, beating analyst estimates amid a tough first quarter for China's tech sector The ByteDance rival …

from Techmeme https://ift.tt/76l13ay