Kingsoft Cloud Holdings Limited Price & Performance (KC)

Kingsoft Cloud reported its first-ever non-GAAP operating profit in Q4 2024, supported by a 29.6% revenue growth year-over-year. AI cloud services drove this performance, with a 500% YoY increase in gross billing. Revenue from Xiaomi and Kingsoft ecosystems surged 76%, reflecting strong demand for AI-driven solutions.12

Kingsoft Cloud's AI cloud business contributed significantly to its Q4 2024 success, with public cloud revenue up 34% YoY and enterprise cloud services growing by 22.7%. The company's shift to high-margin AI solutions has been pivotal in achieving profitability and positioning itself as a leader in China's cloud industry.34

Despite achieving profitability and strong revenue growth in Q4 2024, Kingsoft Cloud's stock faced a 6.37% decline on March 22. Analysts attribute the drop to market adjustments following a significant surge earlier this year, with shares still up over 663% from their 52-week low.56