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Zhihu, Inc. Class A (HK:2390)
:2390
Hong Kong Market
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Zhihu, Inc. Class A (2390) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Nov 26, 2025
Before Open (Confirmed)
Period Ending
2025 (Q3)
Consensus EPS Forecast
Last Year’s EPS
-0.04
Same Quarter Last Year
Based on 0 Analysts Ratings

Earnings Call Summary

Q2 2025
Earnings Call Date:Aug 27, 2025|
% Change Since:
|
Earnings Call Sentiment|Neutral
Zhihu demonstrated strong profitability and operational efficiency improvements, with notable gains in user engagement and content creation. However, the decline in total revenue and certain segments like vocational training and paid membership indicates ongoing challenges. The highlights and lowlights are fairly balanced, showing both positive momentum in profitability and efficiency but also significant challenges in maintaining revenue growth.
Company Guidance
During the Zhihu Inc. Second Quarter 2025 Financial Results Conference Call, the company provided guidance on several key metrics. Zhihu reported its third consecutive quarter of non-GAAP profitability, with an adjusted net income of RMB 91.3 million, a significant improvement from a loss of RMB 44.6 million in the same period last year. The gross margin increased by approximately 3 percentage points year-over-year. The company highlighted stable Monthly Active Users (MAUs), while daily time spent, core user retention, and high-tier creator engagement all showed notable gains both sequentially and year-over-year. Average daily user time spent exceeded 39 minutes, reflecting a 15% year-over-year increase. Zhihu's marketing services revenue grew 13.1% quarter-over-quarter, reaching RMB 222.8 million, and paid membership revenue was RMB 402 million, with average monthly subscribing members totaling 13.2 million. The vocational training business recorded revenue of RMB 62.1 million, down 34.3% quarter-over-quarter. Additionally, Zhihu made significant progress in reducing low-quality content distribution by more than 98% year-over-year and over 59% sequentially. The company continues to focus on optimizing its product offerings and client mix, enhancing user and creator experience by integrating AI more deeply into the community, and expanding its AI capabilities.
Third Consecutive Quarter of Non-GAAP Profitability
Zhihu posted its third consecutive quarter of non-GAAP profitability, with adjusted net income reaching RMB 91.3 million compared to a loss of RMB 44.6 million in the same period last year.
Gross Margin Expansion
Gross margin expanded to 62.5%, up from 59.6% in the same period of 2024 and 61.8% in the previous quarter.
Increased User Engagement
Average daily user time spent increased by 15% year-over-year, and high-tier creator engagement showed notable gains both sequentially and year-over-year.
Growth in AI-Related Content
Professional AI-related content maintained year-over-year growth of over 45% for 2 consecutive quarters.
Improved Operating Efficiency
Total operating expenses declined by 27.2% year-over-year, supported by technological innovation and tighter cost controls.

Zhihu, Inc. Class A (HK:2390) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

HK:2390 Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Nov 26, 2025
2025 (Q3)
- / -
-0.043
Aug 27, 2025
2025 (Q2)
-0.05 / 0.32
-0.961133.19% (+1.28)
May 27, 2025
2025 (Q1)
-0.63 / -0.04
-0.21279.25% (+0.17)
Mar 26, 2025
2024 (Q4)
- / 0.36
-0.672153.12% (+1.03)
Nov 26, 2024
2024 (Q3)
- / -0.04
-1.0395.83% (+0.99)
Aug 22, 2024
2024 (Q2)
- / -0.96
-0.9892.83% (+0.03)
Jun 12, 2024
2024 (Q1)
- / -0.21
-1.31283.84% (+1.10)
Mar 26, 2024
2023 (Q4)
-0.61 / -0.67
-1.34450.00% (+0.67)
Nov 29, 2023
2023 (Q3)
-1.01 / -1.03
-1.0713.83% (+0.04)
Aug 23, 2023
2023 (Q2)
-0.86 / -0.99
-1.80945.33% (+0.82)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

HK:2390 Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Aug 27, 2025
HK$13.16HK$12.79-2.81%
May 27, 2025
HK$10.34HK$10.18-1.55%
Mar 26, 2025
HK$12.00HK$12.16+1.33%
Nov 26, 2024
HK$9.38HK$9.27-1.17%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Zhihu, Inc. Class A (HK:2390) report earnings?
Zhihu, Inc. Class A (HK:2390) is schdueled to report earning on Nov 26, 2025, Before Open (Confirmed).
    What is Zhihu, Inc. Class A (HK:2390) earnings time?
    Zhihu, Inc. Class A (HK:2390) earnings time is at Nov 26, 2025, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is the P/E ratio of Zhihu, Inc. Class A stock?
          The P/E ratio of Zhihu, Inc. Class A is N/A.
            What is HK:2390 EPS forecast?
            Currently, no data Available
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