Overview

* Kanzhun ( BZ ) Q3 revenue rises 13.2% yr/yr, driven by paid enterprise customer growth

* Net income for Q3 increases 67.2% yr/yr, reflecting improved profitability

* Operating income for Q3 surges 108.1% yr/yr, highlighting strong operational performance

Outlook

* Company expects Q4 2025 revenue between RMB2.05 bln and RMB2.07 bln

* Company sees AI integration as a key driver for future growth

Result Drivers

* ENTERPRISE DEMAND - Recovery in enterprise recruitment demand accelerated revenue growth

* AI INTEGRATION - Integration of AI technologies is enhancing user experience and operational efficiency, per CEO Jonathan Peng Zhao

* COST OPTIMIZATION - Improved marketing efficiency and reduced share-based compensation expenses boosted net profit margin, per CFO Phil Yu Zhang

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 RMB 2.16

Revenue bln

Q3 RMB

Adjusted 991.80

Net mln

Income

Q3 Net RMB

Income 775.40

mln

Q3 RMB

Operatin 687.10

g Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the employment services peer group is "buy"

* Wall Street's median 12-month price target for Kanzhun Ltd ( BZ ) is HK$103.00, about 23.3% above its November 17 closing price of HK$79.00

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)