Strong Financial Performance in the Third Quarter
KANZHUN LIMITED (NASDAQ: BZ), a leading online recruitment platform in China, recently unveiled its financial results for the quarter ending September 30, 2025, marking a significant year of growth. The firm reported a notable growth in both user engagement and profitability owing to enhancements in technology and service delivery.
Key Highlights from Q3 2025
Several key metrics were released detailing the company's performance:
Total Paid Enterprise Customers
In 2025, KANZHUN had 6.8 million paid enterprise customers, indicating a robust increase of 13.3% from the previous year. This growth reflects the strong demand for recruitment services as companies seek effective hiring solutions.
Active Users Surge
The platform also reported a remarkable rise in the average monthly active users, hitting 63.8 million, which marks a 10% rise from 58 million in Q3 2024. This increase underscores the platform's appeal to job seekers and enterprise users alike.
Revenue Gains
Revenues for the third quarter totaled RMB 2,163.3 million (approximately US$303.9 million), registering a substantial 13.2% increase from RMB 1,911.6 million during the same quarter in the prior year. The company's revenue growth reflects its strong market position and the effective implementation of marketing strategies.
Substantial Growth in Income
Income from operations soared to RMB 687.1 million (US$96.5 million). This is an impressive 108.1% increase compared to RMB 330.2 million in Q3 2024, clearly showcasing the company’s effective cost management and operational efficiency. Adjusted income for the quarter also showed growth, increasing to RMB 903.5 million (US$126.9 million).
Leadership Insights
Mr. Jonathan Peng Zhao, the Founder, Chairman, and Chief Executive Officer of KANZHUN, commented on the results, sharing that the significant growth in the company’s user base, coupled with the adoption of AI technologies, has laid the groundwork for ongoing progress. He attributed the increased revenue to a resurgence in enterprise recruitment demand, reflecting KANZHUN’s leadership in the recruitment technology sector.
Financial Metrics Overview
Here’s an overview of KANZHUN's financial results:
- Net income: RMB 775.4 million (US$108.9 million), a 67.2% increase from last year.
- Adjusted net income: RMB 991.8 million (US$139.3 million), an increase of 34.2% year-on-year.
- Operating costs: Reduced operating costs to RMB 1,476.2 million (US$207.4 million), demonstrating efficient management.
Cash Position and Shareholder Returns
As of September 30, 2025, KANZHUN’s cash and cash equivalents totaled RMB 19,214.4 million (US$2,699.0 million), signifying a stable liquidity position conducive for further investments.
Share Repurchase Program
The board of directors has approved an extension of the company's share repurchase program, allowing for up to US$250 million in repurchases by August 28, 2026. This illustrates the company’s commitment to enhancing shareholder value.
Looking Ahead
For the fourth quarter, KANZHUN anticipates revenues between RMB 2.05 billion and RMB 2.07 billion, projecting a year-on-year increase of approximately 12.4% to 13.5%. This outlook aligns with the company’s confidence in navigating the evolving job market and consumer preferences.
Conference Call Information
The company will conduct a conference call to discuss the financial results on November 18, 2025. Participants can register through the designated link to gain access to critical details regarding this quarter's performance.
About KANZHUN LIMITED
Operating the BOSS Zhipin platform, KANZHUN LIMITED connects job seekers with employers in a streamlined way, thanks to its innovative app that emphasizes interactive and intelligent job recommendations. With a large user base, the platform’s network effects enhance recruitment efficiency and support continuous growth.
Contact Information
For investor and media inquiries, please contact:
KANZHUN LIMITED
Investor Relations
Email: ir@kanzhun.com
PIACENTE FINANCIAL COMMUNICATIONS
Email: kanzhun@tpg-ir.com
Frequently Asked Questions
1. What were the revenue figures for KANZHUN LIMITED for Q3 2025?
Revenues for Q3 2025 reached RMB 2,163.3 million (US$303.9 million).
2. How many active users did KANZHUN have in Q3 2025?
The company reported 63.8 million average monthly active users.
3. What is the projected revenue for Q4 2025?
The forecasted range is between RMB 2.05 billion and RMB 2.07 billion.
4. Who are the key executives at KANZHUN LIMITED?
Mr. Jonathan Peng Zhao is the Founder and CEO, while Mr. Phil Yu Zhang serves as the CFO.
5. How has KANZHUN performed in comparison to the previous year?
KANZHUN has shown remarkable growth, with increases in net income, revenue, and user engagement compared to Q3 2024.
