May. 27 at 10:47 AM
$ZH
Zhihu reported its Q1 2025 financial results, marking its first-ever first-quarter non-GAAP net income since IPO.
Key highlights include: - Total revenues were RMB729.7 million (US
$100.6M), down from RMB960.9M in Q1 2024 - Gross margin expanded to 61.8% from 56.6% year-over-year - Net loss narrowed by 93.9% to RMB10.1M (US
$1.4M) - Adjusted net income was RMB6.9M (US
$1.0M), compared to a loss of RMB135.7M in Q1 2024 - Average monthly subscribing members reached 14.2 million
The company achieved improved operational efficiency and cost reductions across all expense categories. Zhihu also announced plans for a new 2025 Repurchase Program to succeed its existing buyback programs, allowing repurchases of up to 10% of total issued shares.
