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 Inc. (NYSE: ZH) announced on May 16, 2022, the appointment of Mr. Dingjia Chen as a director, effective immediately. Mr. Chen brings significant technology expertise from his role as CTO at Kuaishou Technology and previous positions at Tencent. He is expected to enhance the company's technology development and corporate strategy. Concurrently, Mr. Jiatong Peng has resigned as a director due to other business commitments. Zhihu continues to be a leading online content community in China, aiming to empower knowledge sharing and community engagement.
Zhihu Inc. (NYSE: ZH) announced it will report its Q1 2022 financial results on May 25, 2022, before U.S. market opening. A conference call for discussing these results will occur on the same day at 8:00 PM Beijing Time. All interested participants must pre-register to join the call, which will also be available via live and archived webcasts on the company’s investor relations site. Zhihu has established itself as a leading content community in China, continuing to expand its offerings since its launch in 2020.
Zhihu Inc. (NYSE: ZH) has announced the pricing of its global offering of 26 million Class A ordinary shares at HK$32.06 per share (approximately US$2.06 per American Depositary Share). The offering consists of both international and Hong Kong public components, with expected gross proceeds of HK$833.6 million. Selling shareholders will receive all net proceeds, as the company will not benefit financially from this offering. Trading on the Hong Kong Stock Exchange is anticipated to begin on April 22, 2022, pending regulatory approval.
Zhihu Inc. (NYSE: ZH) announced a global offering of 26,000,000 Class A ordinary shares, split into a Hong Kong public offering and an international offering. The Hong Kong public offering will start on April 11, 2022, allowing initial sales of 2,600,000 shares. The offer price is capped at HK$51.80 (approx. US$6.64). The company will not receive proceeds from this offering; instead, the selling shareholders will benefit. The offering is subject to market conditions and may be adjusted based on oversubscription.
Zhihu Inc. (NYSE: ZH) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 8, 2022. The report is available on the Company's investor relations website. Shareholders and ADS holders can request a free hard copy of the report, which includes audited consolidated financial statements. Zhihu operates a leading online content community in China, focusing on sharing knowledge and insights, and ranks among the top five online content communities in terms of users and revenue.
Zhihu Inc. (NYSE: ZH) reported significant growth in its fourth quarter and fiscal year 2021 results. Average monthly active users (MAUs) reached 103.3 million, up 36.4% year-over-year, while average monthly paying members surged by 102.0% to 6.1 million. Total revenues for Q4 2021 were RMB1,019.2 million (US$159.9 million), marking a growth of 96.1% compared to Q4 2020. Overall, revenues for FY 2021 reached RMB2,959.3 million (US$464.4 million), a rise of 118.9%. However, the company reported a net loss of RMB383.3 million (US$60.1 million) in Q4 2021.
Zhihu Inc. (NYSE: ZH) announced it will report its unaudited financial results for Q4 and the full year ended December 31, 2021, on March 14, 2022, before U.S. market open. A conference call will follow at 8:00 PM Beijing Time. Zhihu is recognized as China's largest Q&A-inspired online community with strong user engagement. The company aims to empower knowledge sharing among users and is respected for its content quality, as noted in a CIC survey. Investors can access the live call and archived webcast on their investor relations website.
Zhihu Inc. (NYSE: ZH) reported a strong performance for Q3 2021, with total revenues reaching RMB823.5 million (US$127.8 million), a 115.1% increase year-over-year. Average monthly active users (MAUs) grew 40.1% to 101.2 million, and paying members surged 109.9% to 5.5 million. Gross profit also grew significantly by 93.0% to RMB424.8 million (US$65.9 million), although gross margin declined to 51.6%. The company anticipates Q4 2021 revenues between RMB1.01 billion and RMB1.03 billion, reflecting ongoing growth and a commitment to enhancing content quality.
Zhihu Inc. (NYSE: ZH) has announced it will report its unaudited financial results for Q3 2021 before U.S. market opening on November 22, 2021. The management team will hold a conference call on the same day at 9:00 PM Beijing Time to discuss these results. Dial-in information is provided for various regions, including the U.S. and China. Zhihu, recognized as China's largest Q&A-inspired online community, promotes knowledge sharing and is known for high-quality content as per a CIC survey.
Outer, a prominent direct-to-consumer home brand, has successfully closed a $50M Series B funding round, led by Kathy Xu of Capital Today, boosting total funding to $65M. Outer experienced a remarkable 1000%+ increase in sales during the pandemic and expanded its Neighborhood Showroom™ program to over 1,000 locations across 49 states. The new capital will enhance product offerings and develop sustainable materials, with plans for international expansion by year-end. CEO Jiake Liu aims for the brand to achieve carbon neutrality and become carbon negative in the future.
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