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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 Inc. (NYSE: ZH) reported its financial results for Q4 and fiscal year 2022, highlighting total revenues of RMB1,114.0 million (US$161.5 million) in Q4, a 9.3% increase year-over-year. The net loss narrowed by 53.2% to RMB179.5 million (US$26.0 million). Average monthly active users reached 100.7 million, while paid membership revenue rose 92.8% to RMB402.5 million (US$58.4 million). The company saw significant growth in its vocational training, with revenue increasing 281.1%. Although advertising revenue dropped, the gross margin improved to 56.4%.
Zhihu Inc. (NYSE: ZH; HKEX: 2390), a top online content community in China, announced it will release itsunaudited financial results for Q4 and the full year ending December 31, 2022, on March 22, 2023. The results will be disclosed before the U.S. market opens, followed by a conference call at 7:00 A.M. Eastern Time. Interested participants must pre-register to join the call. Zhihu has grown into one of China's largest comprehensive online content platforms since its inception in 2010, focusing on providing fulfilling content for users.
Zhihu Inc. has announced the appointment of Mr. Henry Dachuan Sha as the new Director and Chief Financial Officer, effective immediately. Sha replaces Mr. Wei Sun, who has resigned to pursue other business opportunities. Wei Sun was praised for his contributions during his four-year tenure, particularly in the company's successful listings on the NYSE and HKEX. Sha brings extensive experience from previous roles at Quwan Holding and Huya, along with a solid educational background. This leadership change marks a strategic move for Zhihu as it continues to grow in China's online content community.
Zhihu Inc. (NYSE: ZH) reported its Q3 2022 financial results, with total revenues reaching RMB911.7 million (US$128.2 million), marking a 10.7% YoY increase. Average monthly paying members surged by 99.5% to 10.9 million. However, advertising revenue fell to RMB196.7 million due to macroeconomic challenges. Gross profit increased to RMB444.4 million, though gross margin decreased to 48.7%. Despite a narrowed net loss of RMB297.6 million, adjusted net loss was RMB250.6 million. The company holds cash equivalents of RMB6.6 billion as of September 30, 2022.
Zhihu Inc. (NYSE: ZH) will release its unaudited financial results for the quarter ended September 30, 2022, on November 30, 2022, before U.S. market opens. This announcement was made on November 15, 2022. A conference call hosted by management will take place at 8:00 P.M. Beijing Time on the same date to discuss the results. Participants can pre-register for the call via an online link. Live webcasts will also be available on Zhihu's investor relations website, with a replay accessible until December 7, 2022.
Zhihu Inc. reported its Q2 2022 financial results, showing 31% revenue growth to RMB836 million (US$124.8 million). Monthly active users reached 105.9 million, a rise of 12.3%. Paid memberships soared 78.3% to 8.5 million. Despite overall growth, advertising revenue fell to RMB237.6 million due to economic headwinds. Total operating loss widened to RMB460.7 million, compared to RMB350.5 million a year ago. The net loss was RMB487 million, worsening from RMB321.1 million year-over-year. The company maintains a strong cash position with RMB7 billion available.
Zhihu Inc. (NYSE: ZH) will report its unaudited financial results for Q2 and the first half of 2022 on August 30, 2022. The conference call, scheduled for the same day at 7:30 PM Beijing Time (7:30 AM U.S. Eastern Time), will allow management to discuss the results and provide insights. Participants must pre-register online to join the call. Zhihu, a leading online content community in China, has shown growth since its launch in 2010, especially in mobile MAUs and revenue. For more details, visit their investor relations website.
Zhihu Inc. (NYSE: ZH; HKEX: 2390) announced that all proposed resolutions at its June 10, 2022, annual general meeting were adopted. Key actions include amending the memorandum and articles of association, re-electing directors Dahai Li, Dingjia Chen, and Derek Chen, and granting directors the authority to issue and repurchase shares. The meeting followed the notice sent to shareholders on May 19, 2022. Zhihu continues to be a leading online content community in China, focusing on providing fulfilling content and expanding its offerings since its inception in 2010.
Zhihu Inc. reported unaudited financial results for Q1 2022, showcasing total revenues of RMB743.2 million (US$117.2 million), a 55.4% increase YoY. Gross profit reached RMB335.5 million (US$52.9 million), growing 23.1% from Q1 2021. The platform's average monthly active users climbed to 101.6 million, a 19.4% rise YoY, while paying members surged 72.8% to 6.9 million. Although losses totaled RMB614.3 million (US$96.9 million), the company is optimistic, preparing a US$100 million share repurchase program to enhance shareholder value.
Zhihu Inc. (NYSE: ZH; HKEX: 2390) announced that it will hold its annual general meeting (AGM) on June 10, 2022, at 11:00 a.m. Beijing time. Shareholders are invited to vote on proposed resolutions available on the company's website. The AGM follows class meetings for Class A and Class B shareholders. Record holders as of May 17, 2022, are eligible to attend and vote. Additionally, Zhihu has filed its annual report for the fiscal year ending December 31, 2021, with the SEC, accessible on its and the SEC's websites.
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