Kuaishou reports Q2 revenue flat at ~$5.2B, meeting est., net income down 36% YoY to ~$467M, the biggest drop since 2021, and Kling AI sales up 200% (Rachel Yeo/Bloomberg)

Kuaishou posted second-quarter revenue of roughly $5.2 billion, matching estimates, while net income fell 36% year-over-year to about $467 million, the steepest decline since 2021, and Kling AI sales surged 200%. Stripe is buying OpenRouter for $7.5 billion, and Marvell granted Google a warrant to purchase up to 59 million shares at $206.58 each, potentially worth $12.2 billion.