Kingsoft Corporation reported Q1 2026 total revenue of RMB2,416.7 million, a 3% year-on-year increase, with profit attributable to owners surging 284% to RMB1,091.3 million due to net unrealized gains on equity investments.
02
The office software and services segment grew 24% year-on-year to RMB1,613.2 million, accounting for 67% of total quarterly revenue, driven by AI integration in the WPS Office suite and WPS 365 expansion.
03
The online games and others segment saw a 22% year-on-year revenue decline to RMB803.5 million, attributed to the underperformance of legacy titles despite monetization efforts for new releases like Goose Goose Duck.
04
Research and development spending increased 14% year-on-year to RMB941.8 million, reflecting a strategic focus on advancing AI-driven office solutions and gaming content.
05
WPS Office reached 672 million monthly active devices by March 2026, underscoring the company's broad global reach.
06
The company maintains a strong liquidity position with cash and bank deposits totaling RMB23,304.2 million, representing 56% of its total assets.
Insights
01
Kingsoft Corporation reported Q1 2026 total revenue of RMB2,416.7 million, a 3% year-on-year increase, with profit attributable to owners surging 284% to RMB1,091.3 million due to net unrealized gains on equity investments.
02
The office software and services segment grew 24% year-on-year to RMB1,613.2 million, accounting for 67% of total quarterly revenue, driven by AI integration in the WPS Office suite and WPS 365 expansion.
03
The online games and others segment saw a 22% year-on-year revenue decline to RMB803.5 million, attributed to the underperformance of legacy titles despite monetization efforts for new releases like Goose Goose Duck.
04
Research and development spending increased 14% year-on-year to RMB941.8 million, reflecting a strategic focus on advancing AI-driven office solutions and gaming content.
05
WPS Office reached 672 million monthly active devices by March 2026, underscoring the company's broad global reach.
06
The company maintains a strong liquidity position with cash and bank deposits totaling RMB23,304.2 million, representing 56% of its total assets.