Kingsoft Cloud Holdings Ltd. (KC), a cloud service provider in China, reported Wednesday that its first-quarter net loss attributable to the company was RMB359.41 million or $49.78 million, narrower than last year's loss of RMB607 million.
Net loss per share was RMB0.10 or $0.01, compared to loss of RMB0.17 in the same quarter of 2023.
Adjusted net loss was RMB217.3 million or $30.1 million, compared with net loss of RMB412.5 million a year earlier.
Adjusted EBITDA turned profit, at RMB33.2 million or $4.6 million, significantly improved from negative RMB130.5 million in the same quarter of 2023.
Total revenues, meanwhile, dropped to RMB1.78 billion or $245.93 million from last year's RMB1.86 billion. Revenues increased 3.1 percent sequentially mainly due to the expanded revenue from AI related customers.
In pre-market activity on the Nasdaq, Kingsoft shares were gaining around 5 percent to trade at $3.35.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.