Kanzhun Limited reported third‑quarter 2025 revenue of RMB 2,163.3 million, up 13.2 percent year‑over‑year, and net income of RMB 775.4 million, a 67.2 percent jump from the same quarter in 2024. The company’s adjusted basic earnings per share of RMB 2.22 (US $0.31) surpassed the consensus estimate of RMB 2.16 (US $0.30) by US $0.01, while revenue exceeded the Zacks consensus of $303.87 million by 0.95 percent. The beat reflects a combination of higher top‑line growth and disciplined cost management.
The quarter also saw paid enterprise customers rise 13.3 percent to 6.8 million, driven by the firm’s AI‑powered recruitment platform and its expansion into blue‑collar and small‑medium‑enterprise segments. CFO Phil Yu Zhang noted that “structural revenue growth drivers—user expansion and improved commercialization rates—have been reinforced by enhanced marketing efficiency and cost optimization.” CEO Jonathan Peng Zhao emphasized the company’s commitment to AI integration, stating that the platform’s advanced matching algorithms have “significantly improved user experience and service capabilities.”
Margin performance was a key highlight: operating costs fell 7.0 percent to RMB 1,476.2 million, while share‑based compensation expenses dropped 21.3 percent to RMB 216.4 million. The resulting net profit margin reached a record high, expanding by 11.5 percentage points year‑over‑year. The margin lift is attributable to the lower share‑based compensation, improved operational leverage, and the higher mix of high‑margin AI‑driven services. Operating income grew in line with revenue, underscoring the company’s ability to convert top‑line growth into profitability.
Looking ahead, Kanzhun guided Q4 2025 revenue to RMB 2.05 billion–2.07 billion, representing a 12.4 percent–13.5 percent year‑over‑year increase. The guidance signals management’s confidence in sustained demand for its AI‑enhanced platform and the continued traction in new market segments. The company also reaffirmed its shareholder return initiatives, having completed its annual dividend distribution and extended its share‑repurchase program.
Market reaction to the results was muted, with investors weighing the strong profitability against concerns about a potential slowdown in revenue growth. Analysts noted that while the company beat earnings expectations, the revenue beat was modest and the guidance for Q4 suggests a slight deceleration. The mixed response reflects a cautious stance toward the company’s valuation and the broader competitive landscape in China’s recruitment market.
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