Quora's Chinese Rival Zhihu Stock Slides After Mixed Q3 Results - Here's Why

Benzinga ·  11/29/2023 23:30

Zhihu Inc (NYSE:ZH) reported third-quarter FY23 revenue growth of 12.1% year-on-year to $140.1 million, missing the consensus of $143.6 million. The results sent the stock price down. Adjusted loss per ADS was $(0.05), beating the consensus loss of $(0.06). Segments: Zhihu's Marketing services revenue decreased 17.1% Y/Y to $52.5 million. Paid membership revenue expanded 39.2% Y/Y to $64 million. Vocational training revenue rose 85.6% Y/Y to $19.8 million. Drivers: Average monthly active users (MAUs) grew to 110.5 million versus 97.0 million Y/Y. Average monthly paying members rose 35.9% Y/Y to 14.8 million. Margin: The gross margin contracted by 500 bps to 53.7% is primarily attributable to its enhanced

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment