KANZHUN LIMITED American Depository Shares Earnings Recaps

BZ Communication Services 2 recaps

Next earnings: August 20, 2026 (estimated) · full calendar

Q1 2026 May 21, 2026

Shares declined modestly by 0.3% as investors digested a mixed quarter marked by slower revenue growth amid challenging seasonality and a cautious outlook on peak recruitment season timing.

Key takeaways

Q1 revenue grew 7.6% year-over-year to RMB 2.07 billion, reflecting comparison of one peak season month in 2026 versus two in 2025, suggesting underlying revenue momentum was softer than it appears.
Adjusted operating income rose 17.8% year-over-year to over RMB 810 million, with margins expanding by 3.4 percentage points to 39.4%.
Paid enterprise customers increased 10.9% year-over-year to 7.1 million, while monthly active users reached 16.9 million, up 5.7%.
Delayed Chinese New Year (February 17 in 2026 vs. January 29 in 2025) compressed early-quarter hiring activity, pushing peak recruitment demand into March, complicating near-term comparisons.
Strong demand growth for software engineering and AI-related roles noted, yet broader platform revenue growth was tempered, reflecting mixed trends across customer segments.

Q3 2025 Nov 18, 2025

Kanzhun Limited reported robust third-quarter 2025 results, with revenue increasing 13.2% year-on-year and a remarkable 949.3% growth in adjusted operating profit, showcasing a strong recovery in user demand and enterprise activity.

Key takeaways

Revenue reached RMB 2.16 billion, driven by user growth with over 40 million new verified users added and a monthly active user count of 63.82 million.
GAAP net profit surged 67.2% year-on-year to RMB 2.72 billion, achieving a net profit margin of 35.8%, bolstered by reduced share-based compensation expenses.
The enterprise segment demonstrated strong momentum with a 25% increase in newly posted job positions and a 13.3% year-on-year growth in paid enterprise customers, reflecting improved platform supply-demand balance.
Integration of AI tools for job seekers and recruiters advanced significantly, enhancing user interaction and engagement within the platform.
Blue-collar revenue growth reached a record high, with robust contributions from manufacturing and related sectors.