Hong Kong · Delayed Price · Currency is HKD Kanzhun Earnings Call Transcripts
Fiscal Year 2025
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Q4 and FY2025 saw double-digit revenue and profit growth, record margins, and robust user expansion. AI-driven services and SME penetration fueled performance, while a new shareholder return policy and international growth initiatives were announced.
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Q3 2025 saw double-digit revenue and profit growth, driven by user expansion, enterprise demand rebound, and AI integration. Blue-collar and SME segments led growth, while margins and cash flow improved. Management expects continued momentum and strong user acquisition next quarter.
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Q2 2025 saw revenue rise 9.7% year-on-year to RMB 2.1 billion and net income surge 70% to RMB 710 million, with strong user and SME growth. The company completed a HKD 2.2 billion Hong Kong share offering, announced an $80 million annual dividend, and a $250 million share repurchase program.
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Revenue grew 13% year-on-year to CNY 1.92 billion, with net income up 112% and strong user growth, especially in blue-collar and lower-tier markets. AI initiatives improved efficiency, and management remains confident in meeting full-year profit targets.
Fiscal Year 2024
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Revenue and profit grew strongly in 2024, driven by user expansion and blue-collar segment gains. AI innovation enhanced efficiency and product offerings, while robust cash flow supported share buybacks and future growth. Q1 2025 revenue is guided up 11.5%-12.7%.
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Revenue grew 19% year-on-year to CNY 1.91 billion, with strong user and enterprise customer growth, and blue-collar business now over 38% of revenue. Q4 revenue is guided up 13.6%-14.5% year-on-year, with continued focus on cost control and shareholder returns.
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Q2 2024 saw 29% revenue growth and 26% higher adjusted net income year-on-year, driven by strong user and enterprise customer growth, especially in blue-collar and lower-tier city segments. Management targets a 40% increase in full-year non-GAAP operating profit and continues share buybacks.