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ZH

Zhihu·NYSE
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ZH fundamentals

Zhihu (ZH) released its earnings on Nov 25, 2025: revenue was 92.56M (YoY -23.13%), missed estimates; EPS was -0.026689 (YoY -368.23%), missed estimates.
Revenue / YoY
92.56M
-23.13%
EPS / YoY
-0.026689
-368.23%
Report date
Nov 25, 2025
ZH Earnings Call Summary for Q3,2025
  • Non-GAAP operating loss narrows 16.3% YoY: Progress toward full-year breakeven with RMB 21M loss vs. RMB 13.1M YoY.
  • AI-driven growth: 25% YoY content creation, Zhida search penetration 15% (4x YoY), 8.1% QoQ paid members expansion.
  • Commercial recovery: Marketing services YoY decline narrows, IP licensing triple-digit growth.
  • Financial strength: RMB 4.6B cash, 36.2% R&D efficiency gains, active buyback program.
  • AI leadership: Zhida becoming primary search, AI tools for creators, global IP expansion.
  • Community vitality: 60M learners, 3.56M creators, 65% users aged 18-30.
  • Profitability outlook: Full-year breakeven achievable, disciplined cost management.
EPS
Revenue

Revenue & Expenses

ZH has released its 2025 Q3 earnings report, with revenue of 92.56M, reflecting a YoY change of -23.13%, and net profit of -6.57M, showing a YoY change of -413.28%. The Sankey diagram below clearly presents ZH's revenue sources and cost distribution.

Key Indicators

Zhihu (ZH) key financial stats and ratios, covering profitability, financial health, and leverage.
Zhihu (ZH)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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Zhihu (ZH)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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Zhihu (ZH)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Where does Zhihu (ZH) generate its revenue? Explore its key revenue streams and top earning regions.
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Track Zhihu (ZH) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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Dividend Yield