Kanzhun Limited announced robust Q2 2024 financial results, with revenues increasing 28.8% YoY to RMB1,916.7 million. Net income rose 34.8% to RMB417.3 million, while adjusted net income grew 26.4% to RMB718.7 million. The company's average monthly active users expanded by 25.2% to 54.6 million.Calculated cash billings increased 20.5% YoY to RMB1,950.7 million, driven by 31.1% growth in total paid enterprise customers to 5.9 million. The company maintained strong profitability, with adjusted operating margin reaching a record high, up 5 percentage points YoY.For Q3 2024, Kanzhun expects revenues between RMB1.90-1.92 billion, representing 18.2-19.5% YoY growth. The company also announced a new US$200 million share repurchase program, reflecting confidence in its long-term prospects despite macroeconomic headwinds.

Kanzhun Limited announced robust Q2 2024 financial results, with revenues increasing 28.8% YoY to RMB1,916.7 million. Net income rose 34.8% to RMB417.3 million, while adjusted net income grew 26.4% to RMB718.7 million. The company's average monthly active users expanded by 25.2% to 54.6 million.Calculated cash billings increased 20.5% YoY to RMB1,950.7 million, driven by 31.1% growth in total paid enterprise customers to 5.9 million. The company maintained strong profitability, with adjusted operating margin reaching a record high, up 5 percentage points YoY.For Q3 2024, Kanzhun expects revenues between RMB1.90-1.92 billion, representing 18.2-19.5% YoY growth. The company also announced a new US$200 million share repurchase program, reflecting confidence in its long-term prospects despite macroeconomic headwinds.