In This Article:
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Q4 GAAP Revenue: RMB1.82 billion, up 15% year on year.
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Q4 Adjusted Net Income: RMB720 million, reflecting a 15% year on year growth.
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Full Year 2024 GAAP Revenue: RMB7.336 billion, up 24% year on year.
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Full Year 2024 Adjusted Net Income: RMB2.71 billion, up 26% year on year.
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Full Year 2024 Adjusted Operating Income: RMB2.32 billion, rising by 41% year on year.
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Share-Based Compensation Expenses: Decreased by 2.3 percentage points as a percentage of revenue compared to 2023.
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Newly Added Verified Users in 2024: 49.5 million.
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Total Users as of December 31, 2024: Over 225 million users and 16.6 million enterprises.
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Full Year 2024 MAU: 53 million, a year on year increase of 25.3%.
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Revenue Contribution from Blue Collar Segments in 2024: 38% of overall revenue.
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Number of Paid Enterprise Customers in 2024: 6.1 million, a year on year increase of 17.3%.
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Q4 ARPU: Up by 6.8% year on year and 3.9% quarter on quarter.
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Full Year 2024 ARPU: Increased by more than 5% year on year.
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Q4 Operating Cost and Expenses: Increased by 7% year on year to RMB1.5 billion.
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Full Year 2024 Operating Cost and Expenses: Increased by 15% to RMB6.2 billion.
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Q4 Adjusted Income from Operation: Grew by 27% to RMB659 million.
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Full Year 2024 Adjusted Income from Operation: Grew by 41% to RMB2.3 billion.
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Q4 Adjusted Operating Margin: 36.1%, a quarterly historical high.
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Full Year 2024 Adjusted Operating Margin: Improved by 4 percentage points to 31.5%.
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Q4 Net Income: RMB444 million.
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Full Year 2024 Net Income: RMB1.6 billion.
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Q4 Adjusted Net Income: RMB722 million, up 15% year on year.
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Full Year 2024 Adjusted Net Income: RMB2.7 billion, up 26% year on year.
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Full Year 2024 Adjusted Net Margin: 36.9%, a historical high.
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Q4 Net Cash Provided by Operating Activities: RMB956 million.
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Full Year 2024 Net Cash Provided by Operating Activities: RMB3.5 billion, up 16% year on year.
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Cash Position as of December 31, 2024: RMB14.7 billion.
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2024 Share Repurchase: Approximately $229 million, accounting for 3.7% of total outstanding shares.
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Q4 Share Repurchase: 6.7 million ADS for USD93 million, a 1.1% decrease in total outstanding shares.
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Q1 2025 Revenue Outlook: Expected to be between RMB1.9 billion and RMB1.92 billion, a year on year increase of 11.5% to 12.7%.
Release Date: March 11, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Kanzhun Ltd (NASDAQ:BZ) achieved a GAAP revenue of RMB1.82 billion in Q4 2024, marking a 15% year-on-year increase.
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The company reported a 28% year-on-year increase in average verified monthly active users, reaching 52.7 million.
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For the full year 2024, GAAP revenue grew by 24% year-on-year to RMB7.336 billion.
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Adjusted operating income for 2024 rose by 41% year-on-year, demonstrating strong profit growth.
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The company successfully reduced marketing expenses due to increased brand recognition and improved customer acquisition efficiency.