Kanzhun Limited announced its unaudited financial results for the third quarter ended September 30, 2024, reporting total revenues of RMB1,911.6 million (US$272.4 million), an increase of 19.0% compared to the same quarter of 2023. Net income for the quarter reached RMB463.8 million (US$66.1 million), up 8.9% year-on-year.
The company also achieved an adjusted income from operations of RMB605.3 million (US$86.2 million), representing a 10.2% increase from the prior year, while adjusted net income grew by 3.5% to RMB738.9 million (US$105.3 million). Net cash provided by operating activities was RMB812.3 million (US$115.8 million), and the cash position stood at RMB14,599.5 million (US$2,080.4 million) as of September 30, 2024.
For the fourth quarter of 2024, Kanzhun expects total revenues to be between RMB1.795 billion and RMB1.81 billion, representing a year-on-year increase of 13.6% to 14.6%. The company highlighted robust user growth, with monthly active users (MAU) increasing by 30.0% year-on-year, and solid enterprise retention as key drivers of its performance.
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