KINGSOFT CLOUD (KC.US, 03896.HK) Q3 adjusted EBITDA margin reached 9.8%, a significant increase of 12.6 percentage points year-on-year.

On November 19, KINGSOFT CLOUD (KC.US, 03896.HK) released its financial report for the third quarter of 2024. The data shows that KINGSOFT CLOUD achieved a revenue of 1.89 billion yuan in Q3, a rapid growth returning to double digits year-on-year, reaching 16.0%; public cloud revenue was 1.18 billion yuan, a year-on-year increase of 15.6%; industry cloud revenue was 0.71 billion yuan, a year-on-year increase of 16.7%; adjusted EBITDA reached 0.19 billion yuan, with an adjusted EBITDA margin of 9.8%, continuing to steadily improve on the basis of achieving profitability in the previous two quarters, and a significant increase of 12.6 percentage points year-on-year; solid progress has been made in terms of revenue scale, profitability, and operational cash flow, proving continued operational efficiency. KINGSOFT CLOUD Vice Chairman and CEO Zou Tao said, "After two years of firm implementation of the 'high-quality sustainable development strategy', the company's fundamentals have entered a trajectory of upward healthy development. Looking ahead, we will continue to enhance profitability and cash generation capabilities, deepen cooperation with Xiaomi Kingsoft Ecosystem, strengthen the Wuhan R&D center, comprehensively understand and explore new artificial intelligence opportunities, in order to continue creating value for our customers, shareholders, employees, and other stakeholders."