KANZHUN LIMITED Announces Fourth Quarter and Full Year 2025 Financial Results

Core Insights - KANZHUN LIMITED, a leading online recruitment platform in China, reported strong financial results for the fourth quarter and full year of 2025, highlighting significant growth in revenues and profitability [1][2][3]. Financial Performance - Average Monthly Active Users (MAU) for 2025 reached 60.7 million, up 14.5% from 53.0 million in 2024 [2]. - Fourth quarter revenues were RMB2,078.5 million (US$297.2 million), a 14.0% increase from RMB1,823.6 million in Q4 2024 [2][7]. - Full year revenues totaled RMB8,267.5 million (US$1,182.2 million), reflecting a 12.4% increase from RMB7,355.7 million in 2024 [2][19]. - Income from operations for Q4 2025 was RMB686.0 million (US$98.1 million), marking an 80.2% increase from RMB380.6 million in Q4 2024 [2][9]. - Full year income from operations was RMB2,464.1 million (US$352.4 million), a 110.1% increase from RMB1,172.9 million in 2024 [2][22]. - Net income for Q4 2025 was RMB691.8 million (US$98.9 million), up 55.7% from RMB444.2 million in Q4 2024 [2][14]. - Full year net income reached RMB2,690.5 million (US$384.7 million), a 71.7% increase from RMB1,567.0 million in 2024 [2][24]. Operational Highlights - The company reported a total of 6.8 million paid enterprise customers for the year ending December 31, 2025, an increase of 11.5% from 6.1 million in 2024 [5]. - The average MAU for Q4 2025 was 58.0 million, a 10.1% increase from 52.7 million in Q4 2024 [5]. - The company achieved a record high profit margin for the full year, demonstrating strong operating leverage and cost control [6]. Strategic Initiatives - The company plans to allocate no less than 50% of the previous year's adjusted net income to share buybacks and dividends over the next three years starting from 2026, with a buyback limit raised to US$400 million [4][31][33]. - The CEO highlighted the structural recovery in the recruitment market and the positive impact of AI technologies on recruitment demand, particularly in white-collar technical industries [3]. Future Outlook - For Q1 2026, the company expects total revenues to be between RMB2.05 billion and RMB2.085 billion, representing a year-on-year increase of 6.6% to 8.4% [34].