KANZHUN LIMITED American Depository Shares Q2 2026 Earnings Recap

Kanzhun's Q2 results notably outperformed expectations, driving a +22% stock jump as revenue growth, margin expansion, and user metrics all surprised positively. The marked market reaction reflects investor approval of solid demand momentum and improved profitability. The combination of user growth, margin improvement, and a compelling narrative on pricing power transition fueled the rally, signaling confidence in Kanzhun’s evolving growth strategy and market positioning.

Key Takeaways

• Revenues reached RMB 1.44 billion, up 14% year-over-year.
• Adjusted operating income (excluding share-based compensation) increased 19% to RMB 1.05 billion.
• Adjusted operating margin expanded 1.9 percentage points to 43.8%, demonstrating efficient cost management.
• Total paying enterprise customers increased 11% to 7.2 million in the past 12 months.
• Average monthly active users exceeded 17 million, setting a new record for user engagement.