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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

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