Kanzhun Limited announced strong financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, total revenues increased by 15.4% year-on-year to RMB1,823.6 million (US$249.8 million), while net income surged by 34.1% to RMB444.2 million (US$60.9 million).
Full-year 2024 revenues grew by 23.6% to RMB7,355.7 million (US$1,007.7 million), and net income increased by 42.6% to RMB1,567.0 million (US$214.7 million). The company achieved a record-high adjusted operating margin of 31.5% for the full year, driven by strong operating leverage and improved marketing efficiency.
Kanzhun also highlighted its technological advancements, including the integration of its proprietary 'Nanbeige' model and DeepSeek, which have led to the launch of AI-powered products for job seekers and recruiters. The company repurchased approximately US$229 million of its shares in 2024, representing 3.7% of its issued shares, and provided Q1 2025 revenue guidance of RMB1.90 billion to RMB1.92 billion, an increase of 11.5% to 12.7% year-on-year.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.