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Baidu & Kuaishou Earnings Highlight Cost Efficiency

Por: Forbes Business November 23, 2022

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Kuaishou Earnings Overview Kuaishou reported earnings that came in below analyst estimates, posting a third-quarter loss of RMB -3 billion. Some analysts have lowered their revenue and user growth estimates because of this release, as COVID and other macroeconomic headwinds have weighed on the company’s growth lately. Nonetheless, Kuaishou cut costs and improved its margin quarter-over-quarter. Also, live streaming continued to grow steadily,... + full article



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