Kanzhun Limited

Latest Results (20.11.2025):

Kanzhun Limited—reporting results for the third quarter of 2025—delivered solid top-line and profit growth: revenue was RMB2,163.3 million (+13.2% YoY) and net income was RMB775.4 million (+67.2% YoY). The company saw user and paid-enterprise customer expansion, strong operating cash flow, reduced operating costs, and management highlighted AI integration and a completed annual dividend as part of capital returns.

Revenue & growth

Third quarter 2025 revenue: RMB2,163.3 million (US$303.9m), up 13.2% year-over-year; online recruitment revenue to enterprise customers was RMB2,146.8 million, up 13.6%, driven mainly by paid enterprise customer growth.

Users & customers

Average monthly active users in Q3 2025: 63.8 million (+10.0% YoY). Total paid enterprise customers in the 12 months ended Sept 30, 2025: 6.8 million (+13.3% YoY).

Profitability

Income from operations: RMB687.1 million (+108.1% YoY). Adjusted income from operations (excludes share-based comp): RMB903.5 million (+49.3% YoY). Net income: RMB775.4 million (+67.2% YoY); adjusted net income: RMB991.8 million (+34.2% YoY). Management noted record-high net profit margin expansion, partly from improved marketing efficiency and lower share‑based compensation.

Costs & expenses

Total operating costs and expenses fell 7.0% YoY to RMB1,476.2 million; share-based compensation down 21.3% to RMB216.4 million. Sales & marketing expenses dropped 24.6% and R&D declined 12.1%, while general & administrative rose 28.1% mainly due to an impairment of intangible assets.

Cash & liquidity

Net cash provided by operating activities: RMB1,173.8 million (+44.5% YoY). Cash, short-term deposits and investments totaled RMB19,214.4 million (US$2,699.0m) as of Sept 30, 2025.

Capital returns & buyback

The company completed its annual dividend in Q3 2025 and amended/extended the share repurchase program (approved Aug 20, 2025) to authorize up to US$250 million in repurchases through Aug 28, 2026.

Outlook & strategy

For Q4 2025 the company expects revenue of RMB2.05–2.07 billion (≈ +12.4% to +13.5% YoY). Management emphasized continued AI integration across products and operations to improve user experience, commercialization and efficiency, and cautious exploration of AI-driven hosted/placement services.