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<Results>KUAISHOU-W 3Q Adj. NP Up 24.4% YoY to RMB3.948B In Line
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KUAISHOU-W (01024.HK) has announced its results for 3Q ended September 2024. Its net profit surged by 49.8% YoY to RMB3.268 billion, while its basic EPS stood at RMB0.76. The company's net profit slightly exceeded the forecasts of RMB3.171-3.233 billion from three brokers as summarized by our reporters.

Under non-IFRS, the company's adjusted net profit climbed by 24.4% YoY to RMB3.948 billion, falling within the forecast range of RMB3.919-4.304 billion from six brokers as summarized by our reporters, but slightly below the median forecast of RMB3.98 billion. Non-IFRS adjusted EBITDA amounted to RMB5.578 billion, up 12% from the same period last year.

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