First Quarter Non-GAAP Net Profit
Zhihu Inc. achieved a non-GAAP net income of RMB6.9 million, marking the first time a non-GAAP net profit was achieved in the first quarter since the IPO. This is a significant improvement from the adjusted net loss of RMB135.7 million during the same period last year.
Increased Engagement Metrics
The user engagement metrics improved, with average daily user time span reaching nearly 38 minutes, up 17.6% year-over-year. Core user retention rate also improved both sequentially and year-over-year.
Growth in Professional Content and Creators
AI-related professional content grew by 46% year-over-year, and the number of daily active high-tier content creators increased sequentially in Q1, with verified owner creators increasing 20% year-over-year.
Steady Growth in Paid Membership
Average monthly paid members grew by 1.2% sequentially to 14.2 million, and paid membership revenue remained stable quarter-over-quarter at RMB417.9 million.