KANZHUN LIMITED Announces Second Quarter 2025 Financial Results

Core Insights - KANZHUN LIMITED, a leading online recruitment platform in China, reported strong financial results for the second quarter of 2025, highlighting significant user growth and operational efficiency improvements [1][3]. Financial Performance - Revenues for Q2 2025 reached RMB 2,102.4 million (US$ 293.5 million), marking a 9.7% increase from RMB 1,916.7 million in Q2 2024 [6][7]. - Net income for Q2 2025 was RMB 711.2 million (US$ 99.3 million), a 70.4% increase from RMB 417.3 million in Q2 2024 [10]. - Adjusted net income for Q2 2025 was RMB 940.9 million (US$ 131.3 million), reflecting a 30.9% increase from RMB 718.7 million in Q2 2024 [10]. User Growth and Engagement - The total number of paid enterprise customers increased by 10.2% to 6.5 million in the twelve months ending June 30, 2025, compared to 5.9 million in the previous year [6]. - Average monthly active users rose to 63.6 million in Q2 2025, a 16.5% increase from 54.6 million in Q2 2024 [6]. Cost Management - Total operating costs and expenses decreased by 7.2% to RMB 1,454.4 million (US$ 203.0 million) in Q2 2025, down from RMB 1,566.6 million in Q2 2024 [8]. - Sales and marketing expenses fell by 23.0% to RMB 419.9 million (US$ 58.6 million) in Q2 2025, primarily due to reduced advertising and marketing costs [15]. Shareholder Returns - The board approved an annual cash dividend of approximately US$ 80 million, with a dividend of US$ 0.084 per ordinary share [19][20]. - A share repurchase program of up to US$ 250 million was also announced, extending the existing program through August 28, 2026 [21]. Future Outlook - For Q3 2025, the company expects total revenues to be between RMB 2.13 billion and RMB 2.16 billion, representing a year-on-year increase of 11.4% to 13.0% [22].