Welcome to our dedicated page for Zhihu American Depositary Shares, each representing three (3) news (Ticker: ZH), a resource for investors and traders seeking the latest updates and insights on Zhihu American Depositary Shares, each representing three (3) stock.
Zhihu Inc. (NYSE: ZH; HKEX: 2390) is a leading online content community in China, established in 2010. Initially launched as a Q&A platform, Zhihu has evolved into a comprehensive online content community. It monetizes primarily through paid membership services, advertising services, content-commerce solutions, and vocational training. The company generates all its revenue in China.
Recent Achievements and Financial Performance
As of the second quarter of 2023, Zhihu reported a revenue increase of 24.9% year over year, reaching RMB1,044.2 million (US$144.0 million). Despite a slight dip in marketing services revenue, both paid memberships and vocational training experienced significant growth, with increases of 65.6% and 213.3%, respectively.
For the third quarter of 2023, Zhihu maintained its growth momentum, reporting total revenues of RMB1,022.2 million (US$140.1 million), a 12.1% increase compared to the previous year. This growth was driven by a 39.2% rise in paid membership revenue and an 85.6% increase in vocational training revenue.
By the fourth quarter of 2023, Zhihu's revenue increased by 2.2% year over year to RMB1,138.3 million (US$160.3 million). The company's gross margin enhanced to 59.1% from 56.4%, driven by improved operational efficiencies.
Technology and User Engagement
Zhihu is committed to integrating cutting-edge AI technology to improve content quality and user experiences. The company has made significant strides in enhancing user engagement and retention, with plans to continue leveraging its technological capabilities for sustainable growth.
Strategic Initiatives and Future Outlook
Zhihu has been focusing on a multi-engine monetization strategy, which has yielded positive results despite macroeconomic challenges. The company is concentrating on reducing losses and enhancing profitability by strategic execution, cost control, and operational efficiency. Zhihu's share repurchase program has also shown active shareholder value enhancement, repurchasing significant amounts of Class A ordinary shares.
Regulatory and Compliance
Recently, Zhihu addressed an NYSE compliance notification regarding its ADS trading price. The company plans to monitor market conditions and has proposed measures to rectify any deficiencies within the stipulated timeframe.
Community Impact and CSR
Zhihu continues to prioritize a trustworthy and inspiring community, helping people find solutions, make decisions, and seek inspiration. The platform's focus on user experience and content enrichment fosters a vibrant and engaged user base.
Zhihu reported Q3 2024 financial results with total revenues of RMB845.0 million (US$120.4 million), down from RMB1,022.2 million in Q3 2023. Despite revenue decline, the company showed significant improvement in profitability metrics. Gross margin expanded to 63.9% from 53.7% year-over-year, while net loss narrowed by 96.8% to RMB9.0 million. The company maintained 81.1 million monthly active users and 16.5 million average monthly subscribing members. Cost optimization efforts led to a 35.6% decrease in costs of revenues and 30.5% reduction in operating expenses.
Zhihu, a leading online content community in China, has announced it will release its unaudited financial results for Q3 2024 on November 26, 2024, before the U.S. market opens. The company will host a conference call at 6:00 A.M. U.S. Eastern Time (7:00 P.M. Beijing/Hong Kong Time) on the same day to discuss the results. A live and archived webcast will be available on the company's investor relations website, and a replay will be accessible until December 3, 2024.
Zhihu has completed its tender offers to buy back Class A ordinary shares and ADSs. The company accepted 33,016,016 Class A ordinary shares (including 19,877,118 shares as 6,625,706 ADSs) that were validly tendered by the Latest Acceptance Time. The total consideration for the buyback is HK$300,775,906, with settlement expected by November 8, 2024. Post-settlement, Zhihu will have 261,860,348 shares outstanding, comprising 246,413,570 Class A ordinary shares (including 126,582,633 shares as 42,194,211 ADSs) and 15,446,778 Class B ordinary shares.
Zhihu (NYSE: ZH; HKEX: 2390) has announced an update regarding its all-cash tender offers to repurchase up to 46,921,448 Class A ordinary shares, including shares in the form of American depositary shares (ADSs). Director Dahai Li has expressed his intention to participate in the Offers by tendering a portion of his Class A ordinary shares and ADSs.
The company emphasizes that this announcement is for informational purposes only and not a solicitation. U.S. shareholders and ADS holders can only participate through the official U.S. Offer to Purchase documentation. All relevant materials and information are available through the SEC website and Zhihu's investor relations portal.
Zhihu Inc. (NYSE: ZH; HKEX: 2390), a leading online content community in China, has announced that the proposed ordinary resolution for the all-cash tender offers has been adopted at the extraordinary general meeting held in Beijing on October 16, 2024. The tender offers aim to buy back up to 46,921,448 Class A ordinary shares (including ADSs) at an offer price of HK$9.11 per Class A ordinary share (equivalent to US$3.50 per ADS).
The offers have now become unconditional and will remain open for acceptance until 4:00 p.m., Hong Kong time, or 4:00 a.m., New York City time, on Wednesday, October 30, 2024. Beneficial owners of ADSs or Class A ordinary shares held through nominees are advised to contact their brokers or other intermediaries as soon as possible to ensure timely participation in the offers.
Zhihu Inc. (NYSE: ZH; HKEX: 2390), a leading online content community in China, has announced all cash tender offers to buy back up to 46,921,448 Class A ordinary shares, including ADSs, at HK$9.11 per share (US$3.50 per ADS). The maximum aggregate purchase price would be approximately HK$427.5 million or US$54.8 million. The offers consist of a U.S. offer and a non-U.S. offer, expiring on October 30, 2024. The offers are subject to independent shareholder approval at an extraordinary general meeting on October 16, 2024. The board considers the terms fair and reasonable, and an independent board committee recommends shareholders vote in favor of the offers.
Zhihu Inc. (NYSE: ZH; HKEX: 2390) reported its Q2 2024 financial results. Total revenues were RMB933.8 million (US$128.5 million), down from RMB1,044.2 million in Q2 2023. However, gross margin expanded to 59.6% from 53.8% year-over-year. Net loss narrowed by 71.1% to RMB80.6 million (US$11.1 million), while adjusted net loss (non-GAAP) narrowed by 79.9% to RMB44.6 million (US$6.1 million). The company reported 80.6 million average MAUs and 14.7 million average monthly subscribing members. Zhihu launched Zhihu Zhida, an AI search initiative, in late June. The company has repurchased 31.1 million Class A ordinary shares for US$66.5 million under its existing share repurchase program.
Zhihu Inc. (NYSE: ZH; HKEX: 2390), a leading online content community in China, has announced it will report its unaudited financial results for Q2 2024 on August 22, 2024, after the U.S. market closes. The company will host a conference call at 8:00 P.M. U.S. Eastern Time on the same day (8:00 A.M. Beijing/Hong Kong Time on August 23, 2024) to discuss the results.
Participants must pre-register online to join the conference call. A live and archived webcast will be available on Zhihu's investor relations website. A replay of the call will be accessible for one week after the live call.
Zhihu Inc. (NYSE: ZH; HKEX: 2390), a significant online content community in China, has announced the successful adoption of all proposed resolutions during its annual general meeting (AGM) held on June 26, 2024. Key resolutions included the re-election of Mr. Yuan Zhou, Mr. Zhaohui Li, and Ms. Hope Ni as directors. Additionally, the AGM granted the board a general mandate to issue and repurchase Class A ordinary shares under predefined terms.
Zhihu Inc. (NYSE: ZH; HKEX: 2390) announced its unaudited financial results for Q1 2024, ending March 31. Total revenues amounted to RMB960.9 million (US$133.1 million), a slight decline from RMB994.2 million YOY. Gross margin increased to 56.6% from 51.5%. The net loss was RMB165.8 million (US$23.0 million), a 7.4% reduction from the same period in 2023. Average MAUs reached 89.0 million, and average monthly subscribing members were 14.8 million. The company emphasizes strides toward break-even, with enhanced operating efficiency and cost structure optimization. A share repurchase program extension until June 2025 is proposed, pending shareholder approval. The company held RMB5,216.9 million in cash and equivalents as of March 31, 2024.
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