Kuaishou Technology Announces Second Quarter and Interim 2022 Unaudited Financial Results
HONG KONG, Aug.23, 2022 /PRNewswire/ -- Kuaishou Technology (HK:1024) (the "Company" or "Kuaishou"), a leading content community and social platform, today announced its unaudited consolidated results for the three months ("Second Quarter") and six months ("Interim") endedJune 30, 2022.
- HONG KONG, Aug.23, 2022 /PRNewswire/ -- Kuaishou Technology (HK:1024) (the "Company" or "Kuaishou"), a leading content community and social platform, today announced its unaudited consolidated results for the three months ("Second Quarter") and six months ("Interim") endedJune 30, 2022.
- Mr. Cheng Yixiao, Co-founder and Chief Executive Officer of Kuaishou said, "In the second quarter of 2022, we achieved breakthrough progress despite the challenging macro environment.
- Our total traffic continued to grow at a strong pace, increasing by 38.7% year-over-year on Kuaishou App in the second quarter of 2022.
- Operating loss in the overseas market narrowed significantly to RMB1,606.1 million in the second quarter of 2022, from RMB4,368.2 million in the second quarter of 2021, and further narrowed from the first quarter of 2022.