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Kingsoft
Kingsoft (3888) investor relations material
Kingsoft Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary19 Nov, 2025
Executive summary
Total revenue for Q3 2025 was RMB 2.419 billion, down 17% year-on-year but up 5% quarter-on-quarter, with office software and services contributing 63% and online games 37%.
Office software and services revenue grew 26% year-on-year and 12% quarter-on-quarter, driven by WPS software, WPS 365, and individual business growth.
Online games and others revenue declined 47% year-on-year and 6% quarter-on-quarter due to lower contributions from existing games, partially offset by new launches.
Strategic focus on AI collaboration and internationalization, with core businesses advancing in product and market reach.
Financial highlights
Operating profit for Q3 2025 was RMB 276.8 million, down 76% year-on-year and 28% quarter-on-quarter.
Profit attributable to owners was RMB 213 million, down from RMB 413 million a year ago and RMB 532 million last quarter.
Gross profit was RMB 1,944 million, down 21% year-on-year, with a gross margin of 80%.
Net cash generated from operating activities was RMB 494 million for the quarter.
Basic and diluted EPS were RMB 0.15, down over 48% year-on-year and over 60% quarter-on-quarter.
Outlook and guidance
Continued commitment to AI collaboration and internationalization, aiming to meet needs from individuals to enterprises.
Online games to focus on high-quality content and global publishing, leveraging classic franchises and new genres.
Management confident in sustaining office software growth, especially in AI and enterprise segments.
Online games gross margin recovery plan?
AI investment impact on WPS 365 growth?
Strategy for deploying significant cash reserves?
What is the outlook for policy-driven office software growth?
How will game pipeline and marketing spend impact revenue?
What is the long-term vision for AI application?
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Next Kingsoft earnings date
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Kingsoft
Next Kingsoft earnings date
Q4 202517 Mar, 2026
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Frequently asked questions
Kingsoft Corporation Limited is a technology company that develops and provides software products, internet services, and cloud solutions. Its core offerings include office productivity software, cloud storage services, and entertainment-focused applications such as online games. The company serves individual users and enterprises, focusing on enhancing digital efficiency and entertainment experiences. The company is headquartered in Beijing, China, and its shares are listed on the SEHK.
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