Kingsoft Cloud Holdings Limited (KC), a cloud service provider in China, Tuesday reported net loss of RMB1.061 billion or $151.2 million for the third quarter, higher than RMB789.7 million loss in the same quarter a year ago, primarily impacted by impairment of long-lived assets of RMB919.7 million or $131.1 million.
Net loss per share was RMB0.29 or $0.04, compared with RMB0.22 a year ago.
Excluding one-time items, adjusted loss narrowed to RMB236.7 million or $33.7 million from RMB313.3 million in the prior year.
Operating loss was RMB1.144 billion or $163.0 million, up from RMB804.8 million loss last year.
Adjusted operating loss decreased to RMB140.2 million or $20.0 million from RMB262.9 million loss.
Revenues for the quarter increased 16 percent to RMB1.886 billion or $268.71 million, from RMB1.625 billion in the same quarter a year ago.
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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.