Cash PositionAs of March 31, 2024, Zhihu had cash of US$722.5 million, vs last market cap of US$308mn.
Financial PerformanceZhihu delivered better-than-feared 1Q24 results, with upbeat topline and bottom line.
RevenueZhihu's 1Q24 revenue was RMB961mn, beating Citi/Consensus by 3%/4%, mainly due to better-than-expected marketing services revenue.