Kanzhun Ltd. Sponsored Adr ( (BZ) ) has released its Q4 earnings. Here is a breakdown of the information Kanzhun Ltd. Sponsored Adr presented to its investors.
Kanzhun Ltd., operating under the brand BOSS Zhipin, is a prominent online recruitment platform in China that facilitates efficient connections between job seekers and employers through its interactive mobile application. The company recently released its financial results for the fourth quarter and full year of 2024, showcasing significant growth in its user base and financial performance.
In the fourth quarter of 2024, Kanzhun Ltd. reported a 15.4% increase in revenues, reaching RMB1,823.6 million, while the full year revenues rose by 23.6% to RMB7,355.7 million. The company’s income from operations surged by 71.2% in the fourth quarter and doubled for the full year, highlighting improved profitability. The growth was primarily driven by a 17.3% increase in paid enterprise customers and a 27.9% rise in average monthly active users.
The company’s strategic focus on technological innovation and user-centric growth has led to the development of AI-powered recruitment solutions, positioning Kanzhun Ltd. at the forefront of the online recruitment industry. The introduction of AI tools and enhancements in service efficiency have contributed to the company’s robust financial performance and operational leverage, resulting in a record-high adjusted operating margin of 31.5%.
Looking ahead, Kanzhun Ltd. anticipates continued revenue growth in the first quarter of 2025, projecting an increase of 11.5% to 12.7% year-over-year. The company’s management remains optimistic about sustaining its growth trajectory through ongoing innovation and market expansion efforts.
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