Kuaishou Technology (HK:1024), a leading content community and social platform, today announced its unaudited consolidated results for the three months and nine months ("Third Quarter") endedSeptember 30, 2021.
Third Quarter 2021 Key Financial and Operating Highlights
•Average DAUs on Kuaishou APPwere 320.4 million, representing an increase of 17.9% from 271.7 million for the same period of 2020.
•Average MAUs on Kuaishou APPwere 572.9 million, representing an increase of 19.5% from 479.4 million for the same period of 2020.
•Average daily time spent per DAU(1)was 119.1 minutes, representing an increase of 35.0% from 88.2 minutes for the same period of 2020.
•Average online marketing services revenue per DAU was RMB34.0, representing an increase of 49.8% fromRMB22.7for the same period of 2020.
•Total GMV of e-commerce transactions facilitated on our platform was RMB175.8 billion, representing an increase of 86.1% fromRMB94.5 billion for the same period of 2020.
•Total revenue increased by 33.4% to RMB20.5 billion from RMB15.4 billion for the same period of 2020. Amongst total revenues, online marketing services increased by 76.5% toRMB10.9 billionfromRMB6.2 billion for the same period of 2020. As a percentage of the total revenue, online marketing services contributed 53.2%, while live streaming contributed 37.7%. The remaining 9.1% came from other services.
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