Core Viewpoint - Kanzhun Limited reported quarterly earnings of $0.22 per share, exceeding the Zacks Consensus Estimate of $0.21 per share, and showing an increase from $0.20 per share a year ago, indicating a positive earnings surprise of 4.76% [1] Financial Performance - The company achieved revenues of $249.83 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.70% and up from $222.57 million year-over-year [2] - Over the last four quarters, Kanzhun has consistently surpassed consensus EPS estimates and topped revenue estimates three times [2] Stock Performance - Kanzhun shares have increased approximately 26.2% since the beginning of the year, contrasting with a decline of -4.5% in the S&P 500 [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $245.11 million, and for the current fiscal year, it is $0.97 on revenues of $1.13 billion [7] - The trend of estimate revisions for Kanzhun is mixed, which may change following the recent earnings report [6] Industry Context - The Internet - Software industry, to which Kanzhun belongs, is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Core Insights - KANZHUN LIMITED, operating the BOSS Zhipin platform, reported strong financial results for the fourth quarter and full year of 2024, highlighting significant growth in user engagement and revenue generation [1][2][3]. Financial Performance - Average Monthly Active Users (MAU) for 2024 reached 53.0 million, a 25.3% increase from 42.3 million in 2023 [2]. - Fourth quarter revenues were RMB 1,823.6 million (US$ 249.8 million), up 15.4% from RMB 1,580.2 million in Q4 2023 [2][6]. - Full year revenues totaled RMB 7,355.7 million (US$ 1,007.7 million), reflecting a 23.6% increase from RMB 5,952.0 million in 2023 [2][17]. - Income from operations for Q4 2024 was RMB 380.6 million (US$ 52.1 million), a 71.2% increase from RMB 222.3 million in Q4 2023 [2][8]. - Adjusted income from operations for Q4 2024 was RMB 658.8 million (US$ 90.3 million), up 26.8% from RMB 519.7 million in Q4 2023 [2][8]. - Net income for Q4 2024 was RMB 444.2 million (US$ 60.9 million), a 34.1% increase from RMB 331.2 million in Q4 2023 [2][9]. - Full year net income was RMB 1,567.0 million (US$ 214.7 million), a 42.6% increase from RMB 1,099.2 million in 2023 [2][22]. Customer Growth - Total paid enterprise customers increased to 6.1 million in 2024, a 17.3% rise from 5.2 million in 2023 [4]. - Average MAU for Q4 2024 was 52.7 million, a 27.9% increase from 41.2 million in Q4 2023 [4]. Operational Efficiency - The adjusted operating margin for 2024 reached a record high of 31.5%, driven by effective business models and improved operational efficiencies [3]. - Total operating costs for Q4 2024 were RMB 1,456.3 million (US$ 199.5 million), a 6.8% increase from RMB 1,363.3 million in Q4 2023 [7][18]. Revenue Breakdown - Revenues from online recruitment services to enterprise customers for Q4 2024 were RMB 1,804.1 million (US$ 247.2 million), a 15.2% increase from RMB 1,566.7 million in Q4 2023 [10]. - Revenues from other services, mainly paid value-added services for job seekers, were RMB 19.5 million (US$ 2.7 million) for Q4 2024, a 44.4% increase from RMB 13.5 million in Q4 2023 [10][19]. Cash Position - As of December 31, 2024, the company had cash and cash equivalents totaling RMB 14,681.1 million (US$ 2,011.3 million) [16]. Share Repurchase Program - The company authorized a new share repurchase program in August 2024, allowing for the repurchase of up to US$ 150 million of its shares, in addition to a previous program for US$ 200 million [26][27]. Outlook - For Q1 2025, the company expects total revenues to be between RMB 1.90 billion and RMB 1.92 billion, representing a year-on-year increase of 11.5% to 12.7% [28].

Core Viewpoint - KANZHUN LIMITED, operating the BOSS Zhipin platform, will report its unaudited consolidated results for Q4 and the full year of 2024 on March 11, 2025, before the U.S. market opens [1] Company Overview - KANZHUN LIMITED operates BOSS Zhipin, a leading online recruitment platform in China, facilitating efficient connections between job seekers and enterprises through a highly interactive mobile app [4] - The platform promotes two-way communication, focuses on intelligent recommendations, and creates new scenarios in the online recruiting process, benefiting from a large and diverse user base [4] - BOSS Zhipin has developed powerful network effects that enhance recruitment efficiency and drive rapid expansion [4]