May. 22 at 11:04 AM
$BZ Kanzhun reports Q1 adjusted EPS RMB1.72, consensus RMB1.56
Reports Q1 revenue RMB1.92B, consensus
$1.92B. CEO Jonathan Peng Zhao remarked, "We are pleased to achieve a solid start in the first quarter, marked by steady revenue growth, profits that beat our expectations, and a record-high active user scale. These achievements validate the effectiveness of operational strategy we set at the beginning of this year, which centers on 'focusing on core businesses, advancing technological innovation, and driving high-quality growth'.
At the same time, we've continued to deepen our application of AI technologies, launching several AI-powered products and services. These initiatives have yielded positive results in user engagement, improving efficiency for job-seeking and recruitment, and enhancing matching accuracy, while the penetration rate of AI-enhanced services among our user base is also accelerating rapidly."
CFO Phil Yu Zhang elaborated, "We are delighted to report a 36.0% adjusted operating margin for Q1, representing a 13 percentage points year-on-year improvement. This performance was primarily driven by our efficient operational leverage and strong cost control capabilities.
Notably, following the Chinese New Year, our monthly active users peaked at nearly 65 million; for the first quarter, our average monthly active users grew by 23.6% year-on-year, highlighting the strength of our brand appeal, strong user stickiness, and continuously improving user acquisition efficiency. We remain committed to our core strategy of driving revenue growth through user penetration, the number of paid enterprise customers reaching 6.4 million in the twelve months ended March 31, 2025, up 12.3% year-on-year."
