KC - Kingsoft Cloud GAAP EPS of -$0.02 beats by $0.38 revenue of $417.37M beats by $6.21M

Kingsoft Cloud press release (NASDAQ:KC): Q4 GAAP EPS of -$0.02 beats by $0.38. Revenue of $417.37M (+38.3% Y/Y) beats by $6.21M. Shares -2.1% PM. For 1Q22, the company expects total revenues to be between RMB2.05B and RMB2.15B, representing growth of 13% to 19% Y/Y. Gross billings from CDN services are expected to decreased by 20%-25%, and core cloud services increased by 49%-55%. Adjusted gross margin and EBITDA margin in Q1 to be better than in the fourth quarter of 2021, and the adjusted EBITDA margin breakeven in the fourth quarter of 2022.

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Kingsoft Cloud GAAP EPS of -$0.02 beats by $0.38, revenue of $417.37M beats by $6.21M