KANZHUN LIMITED to Report Fourth Quarter and FY2024 Results on March 11, 2025

BEIJING, Feb. 27, 2025 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that it will report its unaudited consolidated results for the fourth quarter and full year ended December 31, 2024, before the U.S. market opens on Tuesday, March 11, 2025. The Company will host a conference call on Tuesday, March 11, 2025 at 8:00PM Beijing Time (8:00AM U.S. Eastern Time) to discuss the results. Participants are required to pre-register for the conference call at: Upon registration, participants will receive an email containing participant dial-in numbers and unique personal PIN. This information will allow you to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time. A live and archived webcast of the conference call will be available on the Company's investor relations website at . About KANZHUN LIMITED KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China. The Company connects job seekers and enterprise users in an efficient and seamless manner through its highly interactive mobile app, a transformative product that promotes two-way communication, focuses on intelligent recommendations, and creates new scenarios in the online recruiting process. Benefiting from its large and diverse user base, BOSS Zhipin has developed powerful network effects to deliver higher recruitment efficiency and drive rapid expansion. For more information, please visit . For investor and media inquiries, please contact: KANZHUN LIMITEDInvestor RelationsEmail: ir@kanzhun.com In China： PIACENTE FINANCIAL COMMUNICATIONSHelen WuTel: +86-10-6508-0677Email: kanzhun@tpg-ir.com In the United States: PIACENTE FINANCIAL COMMUNICATIONSBrandi PiacentePhone: +1-212-481-2050Email: kanzhun@tpg-ir.com


Image of BOSS Zhipin's mobile app interface.


As the leading online recruitment platform in China, KANZHUN LIMITED has experienced significant growth and success in the market. The company's innovative model, large and diverse user base, and strong user growth have contributed to its dominant position. In the third quarter of 2024, the company reported average monthly active users (MAU) of 58.0 million, an increase of 30.0% from 44.6 million in the same quarter of 2023. This growth reflects the company's ability to attract and retain a large and diverse user base, including both job seekers and enterprise users.


Chart showing the growth of KANZHUN LIMITED's average monthly active users (MAU) from Q1 2023 to Q3 2024.


The company's strong financial performance is evident in its revenue growth and net income. In the third quarter of 2024, KANZHUN LIMITED's revenues grew by 19.0% year-over-year (YoY) to RMB1,911.6 million (US$272.4 million). The company's net income grew by 8.9% YoY to RMB463.8 million (US$66.1 million) in the same quarter. The company's adjusted net income, excluding share-based compensation expenses, increased by 3.5% YoY to RMB738.9 million (US$105.3 million).


Image of KANZHUN LIMITED's revenue and net income growth from Q1 2023 to Q3 2024.


KANZHUN LIMITED's commitment to shareholder returns is evident in its ongoing share repurchase program. The company has bought back RMB1.4 billion worth of ordinary shares, demonstrating its confidence in its long-term growth trajectory. The company's strong financial performance, user growth, and commitment to shareholder returns position it well for continued success in the online recruitment market.

As the company prepares to report its fourth quarter and full year 2024 results, investors and analysts will be closely watching to see how the company's performance has evolved over the past year. The company's strong financial performance, user growth, and commitment to shareholder returns suggest that it is well-positioned for continued success in the online recruitment market. As the company continues to innovate and expand its user base, it is poised to capitalize on the growing demand for online recruitment services in China and beyond.