Kanzhun Limited (NASDAQ:BZ) Q2 2024 Results Conference Call August 28, 2024 8:00 AM ET Company Participants Wenbei Wang - Head of IR Jonathan Peng Zhao - Founder, Chairman and CEO Phil Yu Zhang - Director and CFO Conference Call Participants Timothy Zhao - Goldman Sachs Eddy Wang - Morgan Stanley Robin Zhu - Bernstein Operator Ladies and gentlemen, thank you for standing by and welcome to the Kanzhun Limited Second Quarter 2024 Financial Results Conference Call. At this time, all participants are in a liste ...

KANZHUN LIMITED Sponsored ADR (BZ) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post earnings of $0.13 per share when it actually produced earnings of $0.16, delivering a surprise of 23.08%. Over the last four quarters, t ...

Exhibit 99.1 KANZHUN LIMITED Announces Second Quarter 2024 Financial Results BEIJING, August 28, 2024 – KANZHUN LIMITED ("BOSS Zhipin" or the "Company") (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced its unaudited financial results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights · Revenues for the second quarter of 2024 were RMB1,916.7 million (US$263.8 million), an increase of 28.8% from RMB1,487.6 million for the same quarter of 2023. · Calcul ...

Financial Performance - Revenues for Q2 2024 were RMB1,916.7 million (US$263.8 million), a 28.8% increase from RMB1,487.6 million in Q2 2023 [2][4] - Net income for Q2 2024 was RMB417.3 million (US$57.4 million), a 34.8% increase from RMB309.6 million in Q2 2023 [2][8] - Adjusted net income for Q2 2024 was RMB718.7 million (US$98.9 million), a 26.4% increase from RMB568.5 million in Q2 2023 [2][8] User Growth and Engagement - Average monthly active users (MAUs) for Q2 2024 were 54.6 million, a 25.2% increase from 43.6 million in Q2 2023 [2] - Total paid enterprise customers in the twelve months ended June 30, 2024 were 5.9 million, a 31.1% increase from 4.5 million in the same period of 2023 [2] Revenue Breakdown - Revenues from online recruitment services to enterprise customers were RMB1,892.7 million (US$260.4 million) in Q2 2024, a 28.7% increase from RMB1,470.8 million in Q2 2023 [4] - Revenues from other services, mainly paid value-added services to job seekers, were RMB24.0 million (US$3.3 million) in Q2 2024, a 42.9% increase from RMB16.8 million in Q2 2023 [4] Operating Costs and Expenses - Total operating costs and expenses were RMB1,566.6 million (US$215.6 million) in Q2 2024, a 19.5% increase from RMB1,310.8 million in Q2 2023 [5] - Research and development expenses were RMB443.7 million (US$61.1 million) in Q2 2024, a 21.3% increase from RMB365.9 million in Q2 2023, reflecting increased investments in technology [6] Cash Position and Share Repurchase - Net cash provided by operating activities was RMB868.6 million (US$119.5 million) in Q2 2024, a 13.7% increase from RMB763.7 million in Q2 2023 [10] - The company had a cash and cash equivalents balance of RMB14,281.9 million (US$1,965.3 million) as of June 30, 2024 [11] - The company authorized a share repurchase program of up to US$200 million effective from March 20, 2024 [12] Outlook - The company expects total revenues for Q3 2024 to be between RMB1.90 billion and RMB1.92 billion, representing a year-on-year increase of 18.2% to 19.5% [13] Non-GAAP Financial Measures - Calculated cash billings for Q2 2024 were RMB1,950.7 million (US$268.4 million), a 20.5% increase from RMB1,619.5 million in Q2 2023 [2][16] - Adjusted income from operations increased by 52.1% year over year, with the adjusted operating margin reaching a historical high in Q2 2024 [3]

Wall Street expects a year-over-year increase in earnings on higher revenues when KANZHUN LIMITED Sponsored ADR (BZ) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...

BEIJING, Aug. 16, 2024 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that it will report its unaudited consolidated results for the second quarter ended June 30, 2024, before the U.S. market opens on Wednesday, August 28, 2024. The Company will host a conference call on Wednesday, August 28, 2024 at 8:00PM Beijing Time (8:00AM U.S. Eastern Time) to discuss the results. Participants are required t ...

[Table_Page] 跟踪研究|媒体Ⅱ [Table_Title] 【广发传媒&海外】BOSS 直聘 （BZ） 24Q2 前瞻：宏观压力下略下调收入，静待企业招聘需求回暖 [Table_Summary] 核心观点： ⚫ 24Q2 前瞻：预计 BOSS 直聘 24Q2 单季度实现营收 19.1 亿元，同比 增长 28.4%，环比增长 12.1%。受宏观环境不景气影响，24Q2 招聘 行业整体表现低于预期，企业端招聘需求收缩，影响 B 端企业用户的 活跃度和付费意愿，预计 24Q2 面向 B 端的在线招聘服务收入为 18.9 亿元，同比增长 28.7%。预计 Q2 付费企业客户数同比保持增长，但 环比受宏观影响略下降 8.0%，其中，大型企业的招聘需求相对更坚挺， 预计付费 KA 用户数环比略下降 3.0%，付费中小企业数环比下降 8.0%。ARPU 来看，Q2 预计 ARPU 同比略下滑 0.3%，环比略有提升。 综合来看，预计 24Q2，KA 客户贡献收入 5.3 亿元，同比增长 28.5%， 中小企业客户贡献收入 13.6 亿元，同比增长 28.8%。 ⚫ 公司作为龙头在线招聘平台，双边网络效应延续，预 ...

BEIJING, July 26, 2024 (GLOBE NEWSWIRE) -- KANZHUN LIMITED ("BOSS Zhipin" or the "Company"), a leading online recruitment platform in China, recently announced that the Company repurchased over 2.12 million ordinary shares with a total value of USD15.8 million for the past week. Over the past four months since March 27, 2024, the Company has repurchased approximately 5 million ordinary shares with a total value of USD44.0 million. BOSS Zhipin is the largest online recruitment platform in China. Founded in 2 ...

KANZHUN LIMITED Sponsored ADR (BZ) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and follow ...

whitebalance.oatt/E+ via Getty ImagesInvestment overview I give a buy rating for Kanzhun Ltd. (NASDAQ:BZ), as its disruptive business model should enable it to continuously win share from incumbents. With the strong momentum so far, the BZ’s should continue to benefit from this flywheel effect, further enhancing its competitive advantage against incumbents, which in turn allows it to gain more share. Business description BZBZ is the largest online recruitment platform in China in terms of monthly averag ...