Zhihu, Inc. Class A (HK:2390) has released an update.
Zhihu Inc. reports a decrease in total revenues by 7.1% and a significant reduction in net loss by 46.2% for the first half of 2024 compared to the same period in 2023. Despite a drop in average monthly active users by 20%, the company has seen a slight increase in monthly subscribing members. The financial information, prepared in accordance with U.S. GAAP, was reviewed by PricewaterhouseCoopers and includes non-GAAP measures to provide a clearer picture of operational performance.
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