Kanzhun's Blue-Collar Success Propels Share Price 18.8% Higher
On Kanzhun's Blue-Collar Success
Kanzhun's fourth-quarter 2023 revenue surged 46% year over year to $222.6 million, with non-GAAP net income reaching $88.5 million. Founder and CEO Mr. Jonathan Peng Zhao attributed their strong performance to user growth in blue-collar sectors and lower-tier cities, driving a 61.2% increase in cash billings.
What's Next for Kanzhun Investors?
Kanzhun expects continued growth in the first quarter of 2024, projecting a revenue range of $233 million to $237 million. The company also unveiled a $200 million share repurchase program, highlighting its confidence in future prospects.
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