Kanzhun Ltd. Sponsored Adr ((BZ)) has held its Q3 earnings call. Read on for the main highlights of the call.
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Kanzhun Ltd. Reports Strong Growth Amidst Competitive Challenges
The recent earnings call of Kanzhun Ltd. showcased a positive sentiment overall, highlighting significant growth in revenue and net profit. The company has been successful in acquiring new users and meeting enterprise demand, largely due to the integration of AI technologies. However, there were concerns about increasing market competition and a one-off impairment affecting expenses.
Significant Revenue Growth
Kanzhun Ltd. reported a total revenue of RMB 2,160,000,000 for the third quarter of 2025, marking a 13.2% year-on-year increase. This growth rate represents an acceleration from the previous quarter, indicating strong business momentum.
Substantial Increase in Net Profit
The company achieved a remarkable 67.2% year-on-year increase in GAAP net profit, reaching RMB 2,718,000,000. The net profit margin improved to 35.8%, reflecting efficient cost management and increased profitability.
Successful AI Integration
Kanzhun Ltd. has successfully integrated AI into its services, launching an AI job search assistant that significantly boosted user interactions. Additionally, AI products for recruiters improved conversion rates by 7%, showcasing the effectiveness of these technological advancements.
Strong User Growth
From January to October 2025, Kanzhun Ltd. acquired over 40 million newly verified users, with average verified monthly active users reaching 63.82 million. This robust user growth underscores the company’s expanding market presence.
Improved Enterprise-Side Demand
The demand from enterprises has also improved, with newly posted job positions increasing by 25% year-on-year. The number of paid enterprise customers grew by 13.3% to 8.68 million, reflecting strong business engagement.
One-Off Impairment of Intangible Assets
The company faced a 28% increase in G&A expenses due to a one-off impairment of intangible assets. This factor contributed to the overall expense increase during the quarter.
Continued Market Competition
Despite the positive results, Kanzhun Ltd. anticipates increased competition as macroeconomic conditions improve. The company expects peers to ramp up investments, potentially intensifying the competitive landscape.
Forward-Looking Guidance
Looking ahead, Kanzhun Ltd. provided optimistic guidance for 2025. The company expects continued revenue growth momentum, aiming for a revenue range of RMB 2.05 billion to RMB 2.07 billion, reflecting a year-on-year increase of 12.4% to 13.5%. The strategic focus on AI integration is expected to further enhance user engagement and service efficiency.
In summary, Kanzhun Ltd.’s earnings call reflected a positive outlook with strong growth in revenue and net profit, driven by successful AI integration and user acquisition. While challenges such as increased competition and one-off impairments exist, the company’s forward-looking guidance remains optimistic, suggesting continued growth and innovation in the coming year.