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Kuaishou Q2 Revenue Hits 35.5B Yuan, AI Business Soars 200%

Kuaishou just dropped its Q2 2026 numbers, and they're turning heads. The short-video platform pulled in 35.5 billion yuan in revenue, with core commercial business growing 7.4% year-on-year. Adjusted net profit landed at 3.9 billion yuan, a solid 11% margin. But the real star? AI.

KeLing, Kuaishou's AI brain, generated over 850 million yuan in revenue this quarter—a jaw-dropping 200% jump from last year. By June, KeLing had amassed over 100 million global users across 224 countries, and nearly 50,000 enterprise clients are now on board. That's not just growth; that's a stampede.

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On the product front, KeLing 3.0 series introduced native 4K video output, a game-changer for film and advertising pros. The Turbo version boosts video generation speed and lip-sync accuracy, while MCP and CLI tools let AI agents work in batches, automating creative workflows like never before.

But Kuaishou isn't just selling AI—it's living it. Over 92% of employees use in-house AI agents, and AI contributes to 60% of code written by R&D folks. That's led to a 10% faster delivery cycle and a 70% spike in code submissions from AI-assisted developers. Efficiency? Check.

AI is also reshaping content creation. With lower barriers to entry, Kuaishou's short drama and manga drama supply has exploded. The company expects 500,000 manga dramas by 2026. Real-person and AI-generated short dramas have grown fivefold since January, and ad spending on short dramas jumped over 100% year-on-year.

Marketing and e-commerce are getting the AI treatment too. AIGC video ad spend grew 70% year-on-year, and over 850,000 merchants used Kuaishou's AI tools for everything from product selection to customer service.

Financially, Kuaishou is sitting pretty with 121.3 billion yuan in cash and 5.9 billion yuan in operating cash flow for the quarter. The company has also repurchased 2 billion HKD in shares and paid out 3 billion HKD in dividends this year.

As AI video generation, large models, and smart agents keep rolling out, Kuaishou is clearly betting big on AI to supercharge its content ecosystem, business services, and organizational efficiency. And so far, that bet is paying off.

Key Points

  • Revenue: 35.5 billion yuan in Q2 2026, up 7.4% year-on-year.
  • AI Revenue: KeLing generated 850 million yuan, up over 200%.
  • User Base: 412 million DAU, 797 million MAU; KeLing has 100 million users globally.
  • AI Integration: 92% of employees use AI agents; 60% of code is AI-assisted.
  • Content Growth: Short drama supply up 5x; 500,000 manga dramas expected by 2026.
  • Financial Health: 121.3 billion yuan in cash; 5.9 billion yuan operating cash flow.