Kingsoft Cloud Holdings Limited (KC) Wednesday reported first-quarter net loss of RMB316.1 million or $43.6 million, compared with net loss of RMB363.6 million in the same quarter of 2024.
Adjusted net loss was RMB190.6 million or $26.3 million, compared with RMB217.3 million in the same quarter of 2024.
The year-over-year improvement was mainly due to the revenue quality increase, revenue mix adjustment, strict costs control and expenses control.
Net loss per share was RMB0.08 or $0.01, compared with RMB0.10 in the same quarter of 2024.
Revenues for the quarter reached RMB1,970.0 million or $271.5 million, increased by 10.9% year-over-year from RMB1,775.7 million in the same quarter of 2024.
The year-over-year increase was mainly due to the expanded revenue from Xiaomi and Kingsoft Ecosystem and AI related customers and our further penetration into enterprise cloud customers. The quarter-over-quarter decrease was mainly due to the seasonality impact for enterprise cloud.
For comments and feedback contact: editorial@rttnews.com
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.