On Wednesday, kingsoft cloud (KC.US) rose by 20.59% in pre-market trading, closing at $5.535.
According to the Zhongtong Finance APP, on Wednesday, kingsoft cloud (KC.US) rose by 20.59% in pre-market trading, closing at $5.535. On the news front, kingsoft cloud achieved revenue of 1.89 billion yuan in 2024Q3, returning to double-digit rapid growth with a 16.0% year-on-year increase; public cloud revenue was 1.18 billion yuan, a 15.6% year-on-year growth; industry cloud revenue was 0.71 billion yuan, a 16.7% year-on-year growth; adjusted EBITDA reached 0.19 billion yuan, adjusted EBITDA margin reached 9.8%, continuing to steadily improve on the basis of turning positive in the previous two quarters, and significantly increasing by 12.6 percentage points year-on-year; solid progress was made in terms of revenue scale, profitability, and operational cash flow, proving continued operational efficiency.
