Kuaishou beats estimates as Kling AI video generator’s revenue jumps 300%
Kuaishou Technology reported first-quarter revenue of 33.7 billion yuan (US$5 billion), exceeding estimates. This growth was significantly boosted by the commercialization of its AI video generator, Kling AI.
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AI-generatedKuaishou Technology reported first-quarter revenue of 33.7 billion yuan (US$5 billion), exceeding estimates. This growth was significantly boosted by the commercialization of its AI video generator, Kling AI. While Kuaishou's overall revenue increased by 3.4 percent, Kling AI's revenue experienced a substantial surge of over 300 percent, reaching 650 million yuan during the quarter. The company stated that AI technologies are driving content, business growth, and efficiency. Kling AI has also achieved the top spot in app stores across 42 markets, including Brazil and Germany.
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4 extractedKling AI claimed the top position in the App Store across 42 markets, including Brazil and Germany.
Kuaishou stated that AI technologies provided momentum for content prosperity, business growth, and organizational efficiency.
Kling AI video generator's revenue surged more than 300% to 650 million yuan in the first quarter.
Kuaishou Technology reported 33.7 billion yuan (US$5 billion) in revenue in the first quarter, beating estimates.