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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
Revenue by Segment
Online Recruitment Revenue
CapyFin.comOther Services Revenue
CapyFin.com 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