KANZHUN LIMITED Announces Third Quarter 2025 Financial Results

Core Insights - KANZHUN LIMITED, operating the BOSS Zhipin platform, reported strong business growth in Q3 2025, driven by user growth, revenue acceleration, and AI technology integration [3][4]. Financial Performance - Revenues for Q3 2025 reached RMB 2,163.3 million (US$ 303.9 million), marking a 13.2% increase from RMB 1,911.6 million in Q3 2024 [4][5]. - Revenue from online recruitment services to enterprise customers was RMB 2,146.8 million (US$ 301.6 million), up 13.6% from RMB 1,889.1 million in the same quarter last year [4][5]. - The number of paid enterprise customers increased by 13.3% year-on-year to 6.8 million [5]. - Average monthly active users rose by 10.0% to 63.8 million compared to 58.0 million in Q3 2024 [5]. Profitability Metrics - Income from operations surged by 108.1% to RMB 687.1 million (US$ 96.5 million) from RMB 330.2 million in Q3 2024 [8]. - Adjusted income from operations increased by 49.3% to RMB 903.5 million (US$ 126.9 million) from RMB 605.3 million in the same quarter last year [8]. - Net income for Q3 2025 was RMB 775.4 million (US$ 108.9 million), a 67.2% increase from RMB 463.8 million in Q3 2024 [9]. - Adjusted net income rose by 34.2% to RMB 991.8 million (US$ 139.3 million) from RMB 738.9 million in the same quarter last year [9]. Cost Management - Total operating costs and expenses decreased by 7.0% to RMB 1,476.2 million (US$ 207.4 million) from RMB 1,586.9 million in Q3 2024 [7]. - Share-based compensation expenses fell by 21.3% to RMB 216.4 million (US$ 30.4 million) from RMB 275.1 million in the same quarter last year [7]. Cash Flow and Financial Position - Net cash provided by operating activities was RMB 1,173.8 million (US$ 164.9 million), a 44.5% increase from RMB 812.3 million in Q3 2024 [12]. - The balance of cash and cash equivalents, short-term time deposits, and short-term investments was RMB 19,214.4 million (US$ 2,699.0 million) as of September 30, 2025 [14]. Shareholder Returns - The company completed its annual dividend distribution in Q3 2025, fulfilling its commitment to shareholder returns [3]. - A share repurchase program was extended for an additional 12 months, allowing for repurchases of up to US$ 250 million [15]. Future Outlook - For Q4 2025, the company expects total revenues to be between RMB 2.05 billion and RMB 2.07 billion, reflecting a year-on-year increase of 12.4% to 13.5% [16].