Kanzhun's Stellar Performance and Growth Prospects

How Kanzhun Easily Beat Expectations This Quarter

Kanzhun's cutting-edge recruitment platform has proven successful in disrupting traditional recruiting techniques, using AI and big data insights and a mobile-centric interface to directly connect bosses with suitable candidates.

And its effectiveness is reflected in Kanzhun's results; revenue last quarter skyrocketed 46% year over year to 1.58 billion yuan (or $222.6 million U.S. dollars) -- well above estimates of 1.54 billion yuan. On the bottom line, that translated to non-GAAP (adjusted) net income of 628.6 million yuan (USD $88.5 million), or 1.39 yuan (USD $0.20) per American depositary share (ADS) -- again above consensus models on Wall Street calling for 1.18 yuan per share.

Delving Deeper into Results

• Kanzhun's total paid enterprise customers grew more than 44% year over year to 5.2 million.
• Its average monthly active users (MAUs) jumped over 33% to 41.2 million.

Kanzhun Expects Continued Outsized Growth

For the first quarter of 2024, Kanzhun sees revenue increasing in the range of 28.3% to 30.7% year over year, or between 1.64 billion yuan and 1.67 billion yuan.

"We have seen encouraging trends of recovered recruitment demand post-Chinese New Year, and we are confident to deliver better-than-expected results for the current quarter," said Kanzhun CFO Phil Yu Zhang during the subsequent earnings conference call.