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Kanzhun (BZ) investor relations material
Kanzhun Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved Q2 2025 revenue of RMB2.1 billion, up 9.7% year-over-year, and net income of RMB711 million, up 70.4%, with net profit margin exceeding 33%.
Paid enterprise customers reached 6.5 million, up 10.2% year-over-year, and average monthly active users rose 16.5% to 63.6 million.
Management emphasized strong user growth, platform efficiency, and ongoing AI integration to enhance user experience and operational efficiency.
Innovative mobile-native, direct recruitment model and technology-driven approach drive user engagement and market leadership.
Platform supply-demand dynamics improved, with increased job postings and employer activity, especially for fresh graduates.
Financial highlights
Adjusted net income for Q2 2025 was RMB940.9 million, up 30.9% year-over-year, with adjusted net margin at 44.8%.
Adjusted operating profit rose 33% to RMB880.9 million, and operating margin improved due to lower sales and marketing expenses.
Gross margin increased to 85.4%–85.7%, and adjusted operating margin reached a record 41.9%.
Net cash from operating activities was RMB1,052 million, up 21% year-over-year; cash and equivalents totaled RMB16 billion as of June 30, 2025.
Total operating cost and expenses decreased 7.2% year-over-year to RMB1,454.4 million.
Outlook and guidance
Q3 2025 revenue guidance is RMB2.13–2.16 billion, representing 11.4%–13% year-over-year growth.
Continued focus on user growth, monetization efficiency, and expanding market reach, with ongoing investment in technology and product innovation.
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