研究员：Saiyi HE/Wentao LU/Ye TAO/Joanna Ma Kuaishou announced 3Q25 results: total revenue increased by 14% YoY to RMB35.6bn, in line with Bloomberg consensus/our estimate; adjusted net profit grew by 26% YoY to RMB4.99bn, 3/2% ahead of consensus/our estimate, primarily due to enhanced operating efficiency. Revenue from Kling AI exceeded RMB300mn in 3Q25 (+c.20% QoQ), beating our expectation again. Kuaishou highlighted several concrete data points on how AI empowers advertising and e-commerce businesses (e.g. d ...