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Yahoo
5 days ago
- Business
- Yahoo
Kling AI Celebrates First Anniversary; Achieves Annualized Revenue Run Rate Surpassing USD100 Million in 10th Month Since Launch
HONG KONG, June 5, 2025 /PRNewswire/ -- Kuaishou Technology ("Kuaishou" or the "Company"; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced that its globally leading large video generation model, Kling AI, achieved an Annualized Revenue Run Rate (see Note 1) surpassing USD100 million in March 2025, the tenth month since its official launch. Notably, Kling AI's monthly subscription bookings (see Note 2) exceeded RMB100 million in both April and May this year. Kling AI ranks at the forefront of large video generation models and independent AI products globally by both revenue growth and overall revenue scale. Within just one year of its June 2024 launch, Kling AI has completed more than 20 iterations. In April 2025, Kuaishou officially rolled out the Kling AI 2.0 Video Generation Model to global users, maintaining global leadership in motion quality, semantic responsiveness and visual aesthetics. At the end of May 2025, Kuaishou debuted the Kling AI 2.1 model series. Featuring a Standard (720p) mode and a High Quality (1080p) mode, Kling AI 2.1 is engineered for high cost-effectiveness and efficient content generation. Additionally, the premium Kling AI 2.1 Master Edition delivers superior motion performance and enhanced semantic responsiveness, marking a significant breakthrough in AI video creation. Kling AI is committed to continuously enhancing the baseline quality of its models and providing users with precise control, enabling them to accurately bring their ideas to life. While sustaining global leadership in technology and product features, Kling AI also accelerated its revenue growth. Kling AI offers membership subscription services to prosumers to help improve their creative efficiency and quality, and provides API services to over 10,000 domestic and overseas corporate clients and developers across multiple industries such as professional content creation platforms, advertising and marketing, film and animation, game production and smart devices. Going forward, Kling AI will continue to focus on technological innovation and accelerate its deep application across more scenarios, further solidifying its global leading position in video generation. Kling AI strives to become the new infrastructure for video creation in the AI era. Note 1: Annualized Revenue Run Rate = Current Month's Revenue*12Note 2: Monthly subscription bookings include paid prosumer subscriptions and corporate client API fees. Due to differences in the consumption cycles of the rights purchased through payment, there is a discrepancy between monthly subscription bookings and monthly revenue. About Kuaishou Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou uses its technological backbone, powered by cutting-edge AI technology, to continuously drive innovation and product enhancements that enrich its service offerings and application scenarios, creating exceptional customer value. Through short videos and live streams on Kuaishou's platform, users can share their lives, discover goods and services they need and showcase their talent. By partnering closely with content creators and businesses, Kuaishou provides technologies, products, and services that cater to diverse user needs across a broad spectrum of entertainment, online marketing services, e-commerce, local services, gaming, and much more. Forward-Looking Statements Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "might", "can", "could", "will", "would", "anticipate", "believe", "continue", "estimate", "expect", "forecast", "intend", "plan", "seek", or "timetable". These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this press release or those that might reflect the occurrence of unanticipated events. For investor and media inquiries, please contact:Kuaishou TechnologyInvestor RelationsEmail: ir@ View original content: SOURCE Kuaishou Technology
Yahoo
5 days ago
- Business
- Yahoo
Kling AI Celebrates First Anniversary; Achieves Annualized Revenue Run Rate Surpassing USD100 Million in 10th Month Since Launch
HONG KONG, June 5, 2025 /PRNewswire/ -- Kuaishou Technology ("Kuaishou" or the "Company"; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced that its globally leading large video generation model, Kling AI, achieved an Annualized Revenue Run Rate (see Note 1) surpassing USD100 million in March 2025, the tenth month since its official launch. Notably, Kling AI's monthly subscription bookings (see Note 2) exceeded RMB100 million in both April and May this year. Kling AI ranks at the forefront of large video generation models and independent AI products globally by both revenue growth and overall revenue scale. Within just one year of its June 2024 launch, Kling AI has completed more than 20 iterations. In April 2025, Kuaishou officially rolled out the Kling AI 2.0 Video Generation Model to global users, maintaining global leadership in motion quality, semantic responsiveness and visual aesthetics. At the end of May 2025, Kuaishou debuted the Kling AI 2.1 model series. Featuring a Standard (720p) mode and a High Quality (1080p) mode, Kling AI 2.1 is engineered for high cost-effectiveness and efficient content generation. Additionally, the premium Kling AI 2.1 Master Edition delivers superior motion performance and enhanced semantic responsiveness, marking a significant breakthrough in AI video creation. Kling AI is committed to continuously enhancing the baseline quality of its models and providing users with precise control, enabling them to accurately bring their ideas to life. While sustaining global leadership in technology and product features, Kling AI also accelerated its revenue growth. Kling AI offers membership subscription services to prosumers to help improve their creative efficiency and quality, and provides API services to over 10,000 domestic and overseas corporate clients and developers across multiple industries such as professional content creation platforms, advertising and marketing, film and animation, game production and smart devices. Going forward, Kling AI will continue to focus on technological innovation and accelerate its deep application across more scenarios, further solidifying its global leading position in video generation. Kling AI strives to become the new infrastructure for video creation in the AI era. Note 1: Annualized Revenue Run Rate = Current Month's Revenue*12Note 2: Monthly subscription bookings include paid prosumer subscriptions and corporate client API fees. Due to differences in the consumption cycles of the rights purchased through payment, there is a discrepancy between monthly subscription bookings and monthly revenue. About Kuaishou Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou uses its technological backbone, powered by cutting-edge AI technology, to continuously drive innovation and product enhancements that enrich its service offerings and application scenarios, creating exceptional customer value. Through short videos and live streams on Kuaishou's platform, users can share their lives, discover goods and services they need and showcase their talent. By partnering closely with content creators and businesses, Kuaishou provides technologies, products, and services that cater to diverse user needs across a broad spectrum of entertainment, online marketing services, e-commerce, local services, gaming, and much more. Forward-Looking Statements Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "might", "can", "could", "will", "would", "anticipate", "believe", "continue", "estimate", "expect", "forecast", "intend", "plan", "seek", or "timetable". These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this press release or those that might reflect the occurrence of unanticipated events. For investor and media inquiries, please contact:Kuaishou TechnologyInvestor RelationsEmail: ir@ View original content: SOURCE Kuaishou Technology
Yahoo
21-05-2025
- Business
- Yahoo
X Financial (XYF) Q1 2025 Earnings Call Highlights: Robust Loan Growth and Strategic Share Buybacks
Loan Originations: RMB35.15 billion, an 8.8% sequential increase and 63.4% year-over-year growth. Total Revenue: RMB1.94 billion, up 13.4% sequentially and over 60% year over year. 31 to 60-Day Delinquency Rate: 1.25%, a 22% improvement year over year. 91 to 180-Day Delinquency Rate: 2.7%, a 37% reduction year over year. Total Loan Outstanding Balance: RMB58.4 billion, a 33% increase from Q1 2024. Income from Operations: RMB573 million, up 52% year over year. Non-GAAP Adjusted Net Income: RMB457 million, a 44.9% year-over-year increase. Basic Earnings per ADS: USD1.50, a 45.6% year-over-year increase. Return on Equity: 25.5%, up 1.4 percentage points year over year and 3.2 points sequentially. Share Repurchase Plan: Authorization to buy back up to USD100 million worth of Class A shares and ADS. Q2 2025 Loan Facilitation Outlook: Expected to be in the range of RMB37.5 billion to RMB39.5 billion. Warning! GuruFocus has detected 1 Warning Sign with BILI. Release Date: May 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. X Financial (NYSE:XYF) facilitated RMB35.15 billion in loans in Q1 2025, marking an 8.8% sequential increase and a 63.4% year-over-year growth. Total revenue reached RMB1.94 billion, up 13.4% from Q4 and over 60% year over year, driven by higher borrower volumes and originations. The company achieved a significant improvement in credit quality, with the 31 to 60-day delinquency rate decreasing to 1.25% from 1.61% a year ago. Non-GAAP adjusted net income for Q1 increased by 44.9% year over year, reflecting sustained earnings strength. X Financial (NYSE:XYF) announced a new share repurchase plan allowing buybacks up to USD100 million, indicating confidence in its financial position. Despite improvements, the delinquency rate has ticked up slightly compared to the end of last year, indicating potential future risk. The regulatory environment in China remains dynamic, which may introduce higher compliance requirements and potential operational challenges. There is uncertainty regarding the impact of new regulations expected in October, which could affect the company's growth trajectory. The company did not repurchase any shares in Q1 due to the lack of an open window, which may concern some investors looking for immediate returns. Future growth projections are cautious due to potential regulatory impacts, particularly in Q4, which could affect overall performance. Q: There's strong growth in your business, both in new loan origination and active users. How do you view the current macroeconomic environment and its impact on loan growth and delinquency rates? A: Kan Li, President, explained that the company is focused on managing its portfolio based on future environmental assessments. The current environment is favorable for portfolio growth, supported by investments in acquiring new customers. Although there has been a slight uptick in delinquency rates, they remain healthy, and any increases are expected to be offset by overall scale, ensuring profitability is not impacted. Q: You haven't repurchased any shares in the first quarter, but you have approved another share repurchase program. Can you provide more details on this? A: Fuya Zheng, CFO, stated that the company plans to utilize the remaining $60 million from the previous buyback authorization during the upcoming open window. Additionally, the newly authorized $100 million repurchase plan will cover buybacks during non-window periods, reflecting a commitment to aggressive stock buybacks. Q: Regarding your loan growth guidance for the next quarter, what is driving this growth, and how do you see credit demand in recent months? A: Kan Li noted that growth is driven by acquiring new customers and offering them better products over time. Despite macroeconomic noise, the company remains confident in its growth strategy. The funding partners are in close conversation about upcoming regulatory changes, and the company is prepared to comply fully by the October deadline. Q: How are you preparing for potential regulatory impacts on loan pricing and compliance? A: Fuya Zheng mentioned that the company is in discussions with institutional partners and regulatory authorities to prepare for potential regulatory impacts. They are ready to make necessary adjustments to ensure compliance and are confident in their ability to handle any industry shocks. Q: Can you elaborate on the funding supply and any feedback from partners regarding loan pricing above 24%? A: Kan Li stated that the company is in close communication with funding partners about regulatory changes. While adjustments are expected, the company is confident in maintaining compliance and does not foresee significant disruptions to growth prospects. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-04-2025
- Business
- Yahoo
TopGum Closes Acquisition of Island Abbey Nutritionals
New acquisition marks a strategic leap for TopGum in its expansion into the North American gummy supplement landscape TEL-AVIV, Israel, April 3, 2025 /PRNewswire/ -- Gummy supplement specialist TopGum Industries, Ltd. (TASE: TPGM), announced today that it has completed the acquisition of Island Abbey Nutritionals™, a leading CDMO specializing in supplement gummies and lozenges, located in Prince Edward Island, Canada. The transaction significantly expands TopGum's manufacturing and technological capabilities, reinforcing its position as a leading provider of functional gummies in North America and internationally. The acquisition represents a major milestone in TopGum's journey to revolutionize the dietary supplement industry. Together with Island Abbey, TopGum's annual revenue run-rate is expected to exceed USD100 million, further strengthening its position as the partner of choice to Tier-1 brands and customers around the world. Founded in 2004, Island Abbey has emerged as a leader in gummy and lozenge delivery formats for dietary supplements. Under the leadership of CEO Dean Williams, the company has achieved impressive growth in recent years, fuelled by a commitment to R&D and operational excellence. Island Abbey operates a state-of-the-art, 65,000 ft² facility in Prince Edward Island. The facility features advanced manufacturing technologies—including starchless depositing, center-fill capabilities, and fully automated bottling and packaging lines—and adheres to the highest quality standards, including FDA, NSF, GMP, SQF, and Health Canada certifications. The acquisition enhances TopGum's ability to serve North American customers with increased agility and responsiveness, while creating an integrated supply chain spanning two continents. The combined expertise and expanded capacity will support the company's ongoing mission to deliver high-quality, differentiated gummy supplements with exceptional taste, texture, and reliability. "I want to extend my sincere congratulations to everyone who contributed to bringing this important transaction to a successful close," said Eyal Shohat, CEO of TopGum. "This marks a significant step forward for TopGum as we expand our global footprint and capabilities. We look forward to working closely with the Island Abbey team to unlock new opportunities for innovation and growth." "On behalf of the entire Island Abbey team, I'm thrilled to officially join forces with TopGum," said Dean Williams, CEO of Island Abbey. "We're excited to bring our expertise, capabilities, and passion for product innovation into this new partnership. Together, we're well-positioned to accelerate the next chapter of growth for our customers and employees alike." About TopGumTopGum Industries, Ltd. is a global leader in the gummy supplement industry. The company creates and delivers a comprehensive range of supplements, including its proprietary Gummiceuticals™ line. TopGum's high-quality functional gummy portfolio reflects years of intensive R&D and investment in a state-of-the-art GMP- and UL-qualified facility. The company provides bespoke gummies to some of the world's largest brands in the dietary supplement and food industries in more than 20 countries across the world. TopGum complies with the strictest standards of safety and quality. All products are nut-free, lactose-free, gluten-free, kosher and halal-certified. For more information, contact: Company contact: Press Contact: TopGum Industries, Ltd. NutriPR Inbal Nahmias Head of Marketing Liat Simha Tel: +972-9-9742893 InbalN@ liat@ Photo: View original content to download multimedia: SOURCE TopGum, Ltd. Sign in to access your portfolio
Web Release
14-03-2025
- Business
- Web Release
Mega Matrix Inc. and 9 Yards Cinema Production establish JV ahead of $100M ‘Short Drama Investment Fund' launch
By Editor_wr Last updated Mar 14, 2025 Held at a grand signing ceremony in Guangzhou, China, earlier this week, Mega Matrix Inc. 'MPU' (NYSE American: MPU) and 9Yards Cinema Production (9Yards) have announced the signing of a joint venture (JV) that will see the establishment of a USD100 million investment fund dedicated to the production of short drama for TV or film. Attended by key executives from both partners, Hussam Almulhem, CEO of 9Yards, was joined by MPU's CEO, Yucheng Hu, along with 9Yards' Deputy CEO, Omar Sarieddine, MPU's CFO, Carol Wang, and the VP of Operations for FlexTV, Tang Jian. With the MoU signing marking the official establishment of their strategic partnership. under this agreement the two parties will jointly establish and manage the JV, which will be based in Abu Dhabi Global Market (ADGM) – the international financial center of the UAE capital. The launch of the USD100 million short drama investment fund intends to leverage each of the partners' combined strengths, with the aim of supporting acquisitions and seizing global investment opportunities, so as to foster growth in the pan-entertainment sector, particularly in short drama production and, increasingly, projects related to the application of AI in short drama. 9Yards Cinema Productions, a subsidiary of 9Yards Communications, itself part of NG9 Holding (NG9), is a fully multimedia and cinema production company that brings together creative talent from its international network of offices. This includes a strategic and creative hub in London, UK, opened in January this year, as well as its partner network, which stretches from North America and Europe to Asia. 9Yards Communications provides a wide range of services including integrated marketing strategies, event management, public relations, digital media services, along with multimedia and cinematic production capabilities. 9Yards is a key component within NG9 – a diversified industry sector holding company with business interests in energy, real estate, alternative investments, technology and AI, aviation, maritime, and healthcare sectors. Commenting on today's signing, CEO of 9Yards, Hussam Almulhem, said: 'Today's agreement allows us to clearly define the rights and obligations of both parties within the joint venture, outlining a clear framework and operational procedures to ensure the fund's smooth establishment and efficient management. 'Undoubtedly, this will lay a solid foundation for deeper engagement in the short drama and pan-entertainment industries – in the MENA region and internationally.' CEO of MPU, Yucheng Hu, added: 'This signing marks a pivotal step in MPU's global pan-entertainment strategy, as the joint venture model mitigates risks in cross-border collaborations, ensures standardized production processes, and streamlines global distribution. 'Leveraging ADGM's strategic location, MPU aims to accelerate its expansion into emerging markets across the Middle East and North Africa (MENA), further strengthening our presence on the global landscape.' Comments are closed.
