07:47 AM EDT, 05/21/2024 (MT Newswires) -- Kanzhun ( BZ ) reported Q1 adjusted earnings Tuesday of 1.18 Chinese renminbi ($0.16) per diluted American depositary share, up from 0.54 renminbi a year earlier.

Analysts surveyed by Capital IQ expected 1.01 renminbi.

Revenue for the quarter ended March 31 was 1.70 billion renminbi, up from $1.28 billion a year earlier.

Analysts surveyed by Capital IQ expected 1.67 billion renminbi.

For Q2, the company said it expects revenue of 1.91 billion renminbi to 1.96 billion renminbi. Analysts polled by Capital IQ are expecting 1.95 billion renminbi.

Kanzhun ( BZ ) shares were 2.4% lower in US premarket trading on Tuesday.

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