KANZHUN LIMITED Announces Second Quarter 2022 Financial Results
KANZHUN LIMITED (Nasdaq: BZ) reported its Q2 2022 financial results, with revenues at RMB1,112.3 million (US$166.1 million), a 4.8% year-over-year decline. Cash billings fell 32.2% to RMB979.2 million (US$146.2 million). Average monthly active users decreased by 12.8% to 26.5 million. However, net income turned positive at RMB107.4 million (US$16.0 million), contrasting with a significant loss in the prior year. Adjusted net income rose 4.3% to RMB257.2 million (US$38.4 million). The outlook for Q3 2022 estimates revenue between RMB1.14 billion and RMB1.16 billion, anticipating a further decline in recruitment demand due to COVID-19 impacts.
- Net income for Q2 2022 was RMB107.4 million, reversing from a net loss in Q2 2021.
- Adjusted net income increased by 4.3% to RMB257.2 million, indicating improved profitability.
- Total paid enterprise customers grew by 5.6% year-over-year to 3.8 million.
- Revenues decreased by 4.8% year-over-year, signaling challenges in the market.
- Cash billings fell sharply by 32.2%, reflecting a decline in customer spending.
- Average monthly active users dropped by 12.8%, indicating reduced engagement.
BEIJING, Aug. 23, 2022 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ), a leading online recruitment platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Highlights
- Revenues for the second quarter of 2022 were RMB1,112.3 million (US
$166.1 million ), a decrease of4.8% from RMB1,168.2 million for the same quarter of 2021. - Calculated cash billings1 for the second quarter of 2022 were RMB979.2 million (US
$146.2 million ), a decrease of32.2% from RMB1,444.5 million for the same quarter of 2021. - Average monthly active users2 for the second quarter of 2022 were 26.5 million, a decrease of
12.8% from 30.4 million for the same quarter of 2021. - Total paid enterprise customers3 in the twelve months ended June 30, 2022 increased by
5.6% to 3.8 million from 3.6 million in the twelve months ended June 30, 2021. - Net income for the second quarter of 2022 was RMB107.4 million (US
$16.0 million ), compared to a net loss of RMB1,414.1 million for the same quarter of 2021. Adjusted net income4 for the second quarter of 2022 was RMB257.2 million (US$38.4 million ), an increase of4.3% from RMB246.5 million for the same quarter of 2021.
Mr. Jonathan Peng Zhao, Founder, Chairman and Chief Executive Officer of the Company, commented, “We delivered solid results in the quarter despite the challenging business environment and soft macro conditions. Our business model demonstrated its effectiveness and resilience with stable user scale and engagement. Our dedicated efforts in the past year drove sustainable capability enhancement across the full spectrum of our business. Coupled with the opening of new user registration in late June, we are looking forward to reaccelerating our business growth.”
Mr. Phil Yu Zhang, Chief Financial Officer, further commented, “In the second quarter, our topline performance beat our guidance range and we achieved solid profitability. Given adverse pandemic-related challenges, our total revenues in the quarter decreased slightly by
Second Quarter 2022 Financial Results
Revenues
Revenues were RMB1,112.3 million (US
- Revenues from online recruitment services to enterprise customers were RMB1,099.9 million (US
$164.2 million ) for the second quarter of 2022, representing a decrease of5.0% from RMB1,157.8 million for the same period in 2021. The decrease was mainly due to the impact of the COVID-19 outbreak in several major cities, which adversely affected recruitment needs in the quarter. - Revenues from other services, which mainly comprise paid value-added services offered to job seekers, were RMB12.5 million (US
$1.9 million ) for the second quarter of 2022, representing an increase of20.2% from RMB10.4 million for the same period in 2021, benefiting from our continued overall growth in user base.
Operating cost and expenses
Total operating cost and expenses were RMB1,041.8 million (US
- Cost of revenues was RMB174.2 million (US
$26.0 million ) for the second quarter of 2022, representing an increase of21.6% from RMB143.2 million for the same period of 2021, primarily driven by increased headcount as well as increased server and bandwidth cost, partially offset by decreased third-party payment processing cost. - Sales and marketing expenses were RMB399.5 million (US
$59.6 million ) for the second quarter of 2022, representing a decrease of25.2% from RMB534.2 million for the same period of 2021, primarily due to decreased customer acquisition cost. - Research and development expenses were RMB307.7 million (US
$45.9 million ) for the second quarter of 2022, representing an increase of23.1% from RMB250.0 million for the same period of 2021, primarily due to increased headcount in research and development personnel and increased share-based compensation expenses. - General and administrative expenses were RMB160.3 million (US
$23.9 million ) for the second quarter of 2022, representing a decrease of90.4% from RMB1,666.9 million for the same period of 2021. This decrease was primarily due to one-off share-based compensation expenses of RMB1,506.4 million recognized in the second quarter of 2021, related to the issuance of Class B ordinary shares to TECHWOLF LIMITED.
Income/Loss from operations
Income from operations was RMB76.3 million (US
Net income/loss and adjusted net income
Net income was RMB107.4 million (US
Adjusted net income was RMB257.2 million (US
Net income/loss per ADS and adjusted net income per ADS
Basic and diluted net income per ADS attributable to ordinary shareholders were RMB0.25 (US
Adjusted basic and diluted net income per ADS attributable to ordinary shareholders4 were RMB0.59 (US
Net cash generated from operating activities
Net cash generated from operating activities was RMB186.9 million (US
Cash position
Balance of cash and cash equivalents and short-term investments was RMB12,986.3 million (US
Share Repurchase Program
In March 2022, the Company’s Board of Directors authorized a share repurchase program under which the Company may repurchase up to US
Recent Update
As approved by the Cybersecurity Review Office of the Cyberspace Administration of China, the Company recommenced new user registration on its “BOSS Zhipin” app on June 29, 2022.
Outlook
For the third quarter of 2022, the Company currently expects its total revenues to be between RMB1.14 billion and RMB1.16 billion, representing a year-on-year decrease of
_______________________________
1 Calculated cash billings is a non-GAAP financial measure, derived by adding the change in deferred revenue to revenues. For more information on the non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures.”
2 Monthly active users refer to the number of verified user accounts, including both job seekers and enterprise users, that logged on to our mobile applications in a given month at least once.
3 Paid enterprise customers are defined as enterprise users and company accounts from which we recognize revenues for our online recruitment services.
4 Adjusted net income/loss and adjusted basic and diluted net income/loss per ADS attributable to ordinary shareholders are non-GAAP financial measures, excluding the impact of share-based compensation expenses. For more information on the non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures.”
Conference Call Information
The Company will host a conference call at 8:00 AM U.S. Eastern Time on Tuesday, August 23, 2022 (8:00 PM Beijing/Hong Kong Time on Tuesday, August 23, 2022) to discuss the financial results.
Participants are required to pre-register for the conference call at:
https://register.vevent.com/register/BIbc4dd254499d43dea2bdcd990e367002
Upon registration, participants will receive an email containing participant dial-in numbers and unique personal PIN. This information will allow you to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time.
Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at https://ir.zhipin.com.
Exchange Rate
This announcement contains translations of certain RMB amounts into U.S. dollar (“US$”) amounts at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB6.6981 to US
Use of Non-GAAP Financial Measures
In evaluating the business, the Company considers and uses non-GAAP measures, such as calculated cash billings, adjusted net income/loss, adjusted net income/loss attributable to ordinary shareholders, adjusted basic and diluted net income/loss per ordinary share attributable to ordinary shareholders and adjusted basic and diluted net income/loss per ADS attributable to ordinary shareholders as supplemental measures to review and assess operating performance. The Company derives calculated cash billings by adding the change in deferred revenue to revenues. The Company uses calculated cash billings to measure and monitor sales growth because the Company generally bills its paid enterprise customers at the time of sales, but may recognize a portion of the related revenue ratably over time. The Company believes calculated cash billings provide valuable insights into the cash that will be generated from sales and is a valuable measure for monitoring service demand and financial performance. The Company defines adjusted net income/loss and adjusted net income/loss attributable to ordinary shareholders by excluding the impact of share-based compensation expenses, which are non-cash expenses, from the related GAAP measures. The Company believes that these non-GAAP measures help identify underlying trends in the business that could otherwise be distorted by the effect of certain expenses that are included in net income/loss and facilitate investors’ assessment of the Company’s operating performance.
The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The presentation of non-GAAP financial measures should not be considered in isolation from, or as a substitute for most directly comparable financial measures prepared in accordance with GAAP. The non-GAAP measures have material limitations as an analytical metric and may not be calculated in the same manner by all companies, and may not be comparable to other similarly titled measures used by other companies. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.
A reconciliation of the historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the table captioned “Unaudited Reconciliation of GAAP and Non-GAAP Results” at the end of this press release.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
About KANZHUN LIMITED
KANZHUN LIMITED (Nasdaq: BZ) operates the leading online recruitment platform BOSS Zhipin in China. Established eight years ago, the Company connects job seekers and enterprise users in an efficient and seamless manner through its highly interactive mobile app, a transformative product that promotes two-way communication, focuses on intelligent recommendations, and creates new scenarios in the online recruiting process. Benefiting from its large and diverse user base, BOSS Zhipin has developed powerful network effects to deliver higher recruitment efficiency and drive rapid expansion.
For investor and media inquiries, please contact:
KANZHUN LIMITED
Investor Relations
Email: ir@kanzhun.com
THE PIACENTE GROUP, INC.
Email: kanzhun@tpg-ir.com
| KANZHUN LIMITED | ||||||||||||||||||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME | ||||||||||||||||||||||||
| (All amounts in thousands, except for share and per share data) | ||||||||||||||||||||||||
| For the three months ended June 30, | For the six months ended June 30, | |||||||||||||||||||||||
| 2021 | 2022 | 2021 | 2022 | |||||||||||||||||||||
| RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||||||||||
| Revenues | ||||||||||||||||||||||||
| Online recruitment services to enterprise customers | 1,157,763 | 1,099,866 | 164,206 | 1,939,919 | 2,227,184 | 332,510 | ||||||||||||||||||
| Other services | 10,419 | 12,478 | 1,863 | 16,798 | 23,040 | 3,440 | ||||||||||||||||||
| Total revenues | 1,168,182 | 1,112,344 | 166,069 | 1,956,717 | 2,250,224 | 335,950 | ||||||||||||||||||
| Operating cost and expenses | ||||||||||||||||||||||||
| Cost of revenues(1) | (143,173 | ) | (174,230 | ) | (26,012 | ) | (250,029 | ) | (351,578 | ) | (52,489 | ) | ||||||||||||
| Sales and marketing expenses(1) | (534,243 | ) | (399,526 | ) | (59,648 | ) | (1,152,780 | ) | (921,900 | ) | (137,636 | ) | ||||||||||||
| Research and development expenses(1) | (249,961 | ) | (307,686 | ) | (45,936 | ) | (413,728 | ) | (598,425 | ) | (89,343 | ) | ||||||||||||
| General and administrative expenses(1) | (1,666,900 | ) | (160,348 | ) | (23,939 | ) | (1,748,612 | ) | (316,035 | ) | (47,183 | ) | ||||||||||||
| Total operating cost and expenses | (2,594,277 | ) | (1,041,790 | ) | (155,535 | ) | (3,565,149 | ) | (2,187,938 | ) | (326,651 | ) | ||||||||||||
| Other operating income, net | 5,339 | 5,734 | 856 | 7,657 | 10,743 | 1,604 | ||||||||||||||||||
| (Loss)/Income from operations | (1,420,756 | ) | 76,288 | 11,390 | (1,600,775 | ) | 73,029 | 10,903 | ||||||||||||||||
| Investment income | 5,818 | 7,801 | 1,165 | 8,629 | 17,075 | 2,549 | ||||||||||||||||||
| Financial income, net | 2,056 | 20,508 | 3,062 | 4,017 | 24,185 | 3,611 | ||||||||||||||||||
| Foreign exchange (loss)/gain | (1,050 | ) | 5,136 | 767 | (586 | ) | 4,694 | 701 | ||||||||||||||||
| Other expenses, net | (201 | ) | (803 | ) | (120 | ) | (1,597 | ) | (9,657 | ) | (1,442 | ) | ||||||||||||
| (Loss)/Income before income tax expense | (1,414,133 | ) | 108,930 | 16,264 | (1,590,312 | ) | 109,326 | 16,322 | ||||||||||||||||
| Income tax expense | - | (1,555 | ) | (232 | ) | - | (14,123 | ) | (2,109 | ) | ||||||||||||||
| Net (loss)/income | (1,414,133 | ) | 107,375 | 16,032 | (1,590,312 | ) | 95,203 | 14,213 | ||||||||||||||||
| Accretion on convertible redeemable preferred shares to redemption value | (71,802 | ) | - | - | (164,065 | ) | - | - | ||||||||||||||||
| Net (loss)/income attributable to ordinary shareholders | (1,485,935 | ) | 107,375 | 16,032 | (1,754,377 | ) | 95,203 | 14,213 | ||||||||||||||||
| Net (loss)/income | (1,414,133 | ) | 107,375 | 16,032 | (1,590,312 | ) | 95,203 | 14,213 | ||||||||||||||||
| Other comprehensive (loss)/income | ||||||||||||||||||||||||
| Foreign currency translation adjustments | (18,084 | ) | 583,255 | 87,078 | 7,884 | 539,012 | 80,472 | |||||||||||||||||
| Total comprehensive (loss)/income | (1,432,217 | ) | 690,630 | 103,110 | (1,582,428 | ) | 634,215 | 94,685 | ||||||||||||||||
| Weighted average number of ordinary shares | ||||||||||||||||||||||||
| —Basic | 158,122,725 | 869,222,984 | 869,222,984 | 147,308,942 | 869,427,036 | 869,427,036 | ||||||||||||||||||
| —Diluted | 158,122,725 | 912,341,882 | 912,341,882 | 147,308,942 | 917,484,059 | 917,484,059 | ||||||||||||||||||
| Net (loss)/income per ordinary share attributable to ordinary shareholders | ||||||||||||||||||||||||
| —Basic | (9.40 | ) | 0.12 | 0.02 | (11.91 | ) | 0.11 | 0.02 | ||||||||||||||||
| —Diluted | (9.40 | ) | 0.12 | 0.02 | (11.91 | ) | 0.10 | 0.02 | ||||||||||||||||
| Net (loss)/income per ADS* attributable to ordinary shareholders | ||||||||||||||||||||||||
| —Basic | (18.79 | ) | 0.25 | 0.04 | (23.82 | ) | 0.22 | 0.03 | ||||||||||||||||
| —Diluted | (18.79 | ) | 0.24 | 0.04 | (23.82 | ) | 0.21 | 0.03 | ||||||||||||||||
* Each ADS represents two Class A ordinary shares.
(1) Include share-based compensation expenses as follows:
| For the three months ended June 30, | For the six months ended June 30, | |||||||||||||||||||||||
| 2021 | 2022 | 2021 | 2022 | |||||||||||||||||||||
| RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||||||||||
| Cost of revenues | 9,652 | 8,394 | 1,253 | 13,137 | 16,113 | 2,406 | ||||||||||||||||||
| Sales and marketing expenses | 24,976 | 34,487 | 5,149 | 26,922 | 63,817 | 9,528 | ||||||||||||||||||
| Research and development expenses | 42,061 | 57,702 | 8,615 | 58,633 | 115,117 | 17,187 | ||||||||||||||||||
| General and administrative expenses | 1,583,904 | 49,237 | 7,351 | 1,610,559 | 87,999 | 13,138 | ||||||||||||||||||
| 1,660,593 | 149,820 | 22,368 | 1,709,251 | 283,046 | 42,259 | |||||||||||||||||||
| KANZHUN LIMITED | ||||||||||||
| UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||||||
| (All amounts in thousands) | ||||||||||||
| As of | ||||||||||||
| December 31, 2021 | June 30, 2022 | |||||||||||
| RMB | RMB | US$ | ||||||||||
| ASSETS | ||||||||||||
| Current assets | ||||||||||||
| Cash and cash equivalents | 11,341,758 | 12,174,097 | 1,817,545 | |||||||||
| Short-term investments | 884,996 | 812,225 | 121,262 | |||||||||
| Accounts receivable | 1,002 | 2,013 | 301 | |||||||||
| Amounts due from related parties | 6,615 | 9,583 | 1,431 | |||||||||
| Prepayments and other current assets | 724,583 | 520,589 | 77,722 | |||||||||
| Total current assets | 12,958,954 | 13,518,507 | 2,018,261 | |||||||||
| Non-current assets | ||||||||||||
| Property, equipment and software, net | 369,126 | 546,106 | 81,531 | |||||||||
| Intangible assets, net | 458 | 413 | 62 | |||||||||
| Right-of-use assets, net | 309,085 | 303,609 | 45,328 | |||||||||
| Other non-current assets | 4,000 | 4,000 | 597 | |||||||||
| Total non-current assets | 682,669 | 854,128 | 127,518 | |||||||||
| Total assets | 13,641,623 | 14,372,635 | 2,145,779 | |||||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||
| Current liabilities | ||||||||||||
| Accounts payable | 52,963 | 135,273 | 20,196 | |||||||||
| Deferred revenue | 1,958,570 | 1,979,056 | 295,465 | |||||||||
| Other payables and accrued liabilities | 645,138 | 564,099 | 84,218 | |||||||||
| Operating lease liabilities, current | 127,531 | 146,134 | 21,817 | |||||||||
| Total current liabilities | 2,784,202 | 2,824,562 | 421,696 | |||||||||
| Non-current liabilities | ||||||||||||
| Operating lease liabilities, non-current | 183,365 | 166,309 | 24,829 | |||||||||
| Total non-current liabilities | 183,365 | 166,309 | 24,829 | |||||||||
| Total liabilities | 2,967,567 | 2,990,871 | 446,525 | |||||||||
| Shareholders’ equity | ||||||||||||
| Ordinary shares | 554 | 559 | 83 | |||||||||
| Treasury shares | - | (267,982 | ) | (40,009 | ) | |||||||
| Additional paid-in capital | 14,624,386 | 14,965,856 | 2,234,343 | |||||||||
| Accumulated other comprehensive (loss)/income | (257,765 | ) | 281,247 | 41,991 | ||||||||
| Accumulated deficit | (3,693,119 | ) | (3,597,916 | ) | (537,154 | ) | ||||||
| Total shareholders’ equity | 10,674,056 | 11,381,764 | 1,699,254 | |||||||||
| Total liabilities and shareholders’ equity | 13,641,623 | 14,372,635 | 2,145,779 | |||||||||
| KANZHUN LIMITED | ||||||||||||||||||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||||||||||||||||||
| (All amounts in thousands) | ||||||||||||||||||||||||
| For the three months ended June 30, | For the six months ended June 30, | |||||||||||||||||||||||
| 2021 | 2022 | 2021 | 2022 | |||||||||||||||||||||
| RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||||||||||
| Net cash generated from operating activities | 671,208 | 186,937 | 27,909 | 836,543 | 480,948 | 71,804 | ||||||||||||||||||
| Net cash (used in)/generated from investing activities | (90,867 | ) | 145,610 | 21,739 | (167,365 | ) | (97,909 | ) | (14,617 | ) | ||||||||||||||
| Net cash generated from/(used in) financing activities | 6,424,406 | (96,920 | ) | (14,470 | ) | 6,412,214 | (87,816 | ) | (13,111 | ) | ||||||||||||||
| Effect of exchange rate changes on cash and cash equivalents | (17,068 | ) | 581,787 | 86,859 | 9,364 | 537,116 | 80,189 | |||||||||||||||||
| Net increase in cash and cash equivalents | 6,987,679 | 817,414 | 122,037 | 7,090,756 | 832,339 | 124,265 | ||||||||||||||||||
| Cash and cash equivalents at beginning of the period | 4,101,280 | 11,356,683 | 1,695,508 | 3,998,203 | 11,341,758 | 1,693,280 | ||||||||||||||||||
| Cash and cash equivalents at end of the period | 11,088,959 | 12,174,097 | 1,817,545 | 11,088,959 | 12,174,097 | 1,817,545 | ||||||||||||||||||
| KANZHUN LIMITED | ||||||||||||||||||||||||
| UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS | ||||||||||||||||||||||||
| (All amounts in thousands, except for share and per share data) | ||||||||||||||||||||||||
| For the three months ended June 30, | For the six months ended June 30, | |||||||||||||||||||||||
| 2021 | 2022 | 2021 | 2022 | |||||||||||||||||||||
| RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||||||||||
| Revenues | 1,168,182 | 1,112,344 | 166,069 | 1,956,717 | 2,250,224 | 335,950 | ||||||||||||||||||
| Add: Change in deferred revenue | 276,306 | (133,154 | ) | (19,879 | ) | 670,129 | 20,486 | 3,058 | ||||||||||||||||
| Calculated cash billings | 1,444,488 | 979,190 | 146,190 | 2,626,846 | 2,270,710 | 339,008 | ||||||||||||||||||
| Net (loss)/income | (1,414,133 | ) | 107,375 | 16,032 | (1,590,312 | ) | 95,203 | 14,213 | ||||||||||||||||
| Add: Share-based compensation expenses | 1,660,593 | 149,820 | 22,368 | 1,709,251 | 283,046 | 42,259 | ||||||||||||||||||
| Adjusted net income | 246,460 | 257,195 | 38,400 | 118,939 | 378,249 | 56,472 | ||||||||||||||||||
| Net (loss)/income attributable to ordinary shareholders | (1,485,935 | ) | 107,375 | 16,032 | (1,754,377 | ) | 95,203 | 14,213 | ||||||||||||||||
| Add: Share-based compensation expenses | 1,660,593 | 149,820 | 22,368 | 1,709,251 | 283,046 | 42,259 | ||||||||||||||||||
| Adjusted net income/(loss) attributable to ordinary shareholders | 174,658 | 257,195 | 38,400 | (45,126 | ) | 378,249 | 56,472 | |||||||||||||||||
| Weighted average number of ordinary shares (Non-GAAP) | ||||||||||||||||||||||||
| —Basic | 158,122,725 | 869,222,984 | 869,222,984 | 147,308,942 | 869,427,036 | 869,427,036 | ||||||||||||||||||
| —Diluted | 264,847,465 | 912,341,882 | 912,341,882 | 147,308,942 | 917,484,059 | 917,484,059 | ||||||||||||||||||
| Adjusted net income/(loss) per ordinary share attributable to ordinary shareholders | ||||||||||||||||||||||||
| —Basic | 1.10 | 0.30 | 0.04 | (0.31 | ) | 0.44 | 0.06 | |||||||||||||||||
| —Diluted | 0.66 | 0.28 | 0.04 | (0.31 | ) | 0.41 | 0.06 | |||||||||||||||||
| Adjusted net income/(loss) per ADS attributable to ordinary shareholders | ||||||||||||||||||||||||
| —Basic | 2.21 | 0.59 | 0.09 | (0.61 | ) | 0.87 | 0.13 | |||||||||||||||||
| —Diluted | 1.32 | 0.56 | 0.08 | (0.61 | ) | 0.82 | 0.12 | |||||||||||||||||
FAQ
What were KANZHUN LIMITED's revenues for Q2 2022?
How did KANZHUN's net income change in Q2 2022 compared to Q2 2021?
What is the outlook for KANZHUN in Q3 2022?
What factors contributed to KANZHUN's revenue decline in Q2 2022?
How many enterprise customers did KANZHUN have as of June 30, 2022?
