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Stock impact report

Zhihu Inc. Reports Unaudited First Quarter 2024 Financial Results

Zhihu Inc. American Depositary Shares, each representing three (3) Class A Ordinary Shares (ZH) 
Company Research Source: PR Newswire
BEIJING, June 12, 2024 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced its unaudited financial results for the quarter ended March 31, 2024.First Quarter 2024 HighlightsTotal revenues were RMB960.9 million (US$133.1 million) in the first quarter of 2024, compared with RMB994.2 million in the same period of 2023.Gross margin expanded to 56.6% in the first quarter of 2024 from 51.5% in the same period of 2023.Net loss was RMB165.8 million (US$23.0 million) in the first quarter of 2024, narrowed by 7.4% from the same period of 2023.Adjusted net loss (non-GAAP)[1] was RMB135.7 million (US$18.8 million) in the first quarter of 2024, compared with RMB120.2 million in the same period of 2023.Average monthly active users (MAUs)[2] were 89.0 million in the first quarter of 2024. Average monthly subscribing members[3] were 14.8 million in the first quarter of 2024."We are delighted to start 2024 with a so Show less Read more
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