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Mar 31
Kanzhun Q1 2025 Earnings Report
Kanzhun reported solid top-line and bottom-line growth in Q1 2025 with record user engagement and strong cost discipline.
Key Takeaways
Kanzhun delivered a strong quarter with rising revenues, robust net income, and improved operating efficiency. The company's user engagement hit a record high, reflecting successful strategic execution.
Revenue reached $265 million, driven by growth in paid enterprise customers.
Net income surged to $70.6 million, more than doubling from the previous year.
Monthly active users hit a record 57.6 million, showing strong platform engagement.
Cost control initiatives significantly improved the adjusted operating margin to 36%.
Kanzhun
Kanzhun
Kanzhun Revenue by Segment
Forward Guidance
Kanzhun expects Q2 2025 revenues to grow moderately, reflecting steady user and customer expansion.
Positive Outlook
- Revenue forecast between RMB 2.05B and RMB 2.08B (~$282.5M–$286.6M)
- Growth momentum sustained by enterprise customer expansion
- Seasonal post-holiday job-seeking activity remains strong
- AI adoption improving recruitment efficiency and engagement
- User acquisition cost efficiency continues to improve
Challenges Ahead
- Guidance growth rate moderates compared to Q1
- Macro uncertainty in China could impact enterprise budgets
- Competition in online recruitment intensifying
- Seasonal fluctuations post-Q1 peak may dampen activity
- Dependence on consumer confidence for job market activity