)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Kanzhun (BZ) investor relations material
Kanzhun Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary18 Nov, 2025
Executive summary
Achieved high-quality business growth in Q3 2025, with strong user and revenue expansion, improved profitability, and continued AI integration across products and operations.
Largest online recruitment platform in China, with a disruptive mobile-native direct recruitment model and a double-sided user ecosystem enhancing network effects and competitive advantage.
Paid enterprise customers rose 13.3% year-over-year to 6.8 million; average MAU increased 10% to 63.8 million in Q3.
AI-driven product enhancements and operational efficiencies contributed to improved financial and user metrics.
Annual dividend distribution completed and share repurchase program extended by $250 million through August 2026.
Financial highlights
Q3 2025 revenue reached RMB 2.16 billion, up 13.2% year-over-year; adjusted net income was RMB 991.8 million, up 34.2%, with adjusted net margin at 45.8%.
Net income surged 67.2% year-over-year to RMB 775.4 million; adjusted income from operations up 49.3% to RMB 903.5 million.
Gross margin improved to 85.9%, up 2.2 percentage points year-over-year.
Net cash from operating activities was RMB 1.17 billion, up 44.5% year-over-year; cash and equivalents totaled RMB 19.21 billion as of September 30, 2025.
Operating expenses decreased 7.0% year-over-year, with notable reductions in sales, marketing, and R&D costs.
Outlook and guidance
Q4 2025 revenue expected between RMB 2.05 billion and RMB 2.07 billion, representing 12.4%–13.5% year-over-year growth.
Management anticipates continued improvement in profit margins and aims for at least 35 million newly verified users in 2026.
Guidance reflects current market and operational conditions in China, subject to change.
Long-term ARPPU growth potential supported by value-for-money proposition.
AI recruitment services timeline?
Margin expansion drivers sustainable?
Impact of job seeker service optimization?
AI's impact on recruitment competitive landscape
Sustain market share growth next year
Drivers of improved enterprise monetization
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Kanzhun earnings date
Q4 202511 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Kanzhun Limited operates as a leading provider of online recruitment services in China, primarily through its mobile application BOSS Zhipin. The company's platform facilitates direct interaction between job seekers and employers, allowing for efficient and immediate communication. Kanzhun Limited also offers management consultancy and technical services. Kanzhun Limited is headquartered in Beijing, China, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage