BRIEF: Kanzhun’s profit rises 67% in third quarter on hiring rebound
Boss Zhipin recruitment platform operator Kanzhun Ltd. (2076.HK; BZ.US) reported strong third-quarter results on Tuesday, fueled by recovering hiring activity and improved commercialization efficiency. The company’s revenue for the three months through September rose 13.2% year-on-year to 2.16 billion yuan ($304 million), while its net profit jumped 67.2% to 775 million yuan.
Revenue from online recruitment services for enterprise customers grew 13.6% to 2.15 billion yuan, while income from other services, primarily paid value-added features for job seekers, fell 27% to 16.4 million yuan. The company said the decline was mainly due to the streamlining of certain features to enhance user engagement and long-term ecosystem development.
Paid enterprise customers reached 6.8 million in the 12 months through September, up 13.3% year-on-year, while average monthly active users (MAU) climbed 10% to 63.8 million.
Founder and CEO Zhao Peng said the company is accelerating its deployment of AI technologies across products and operations to enhance the experience for job seekers and employers, as well as exploring new models such as AI-powered recruitment outsourcing. Kanzhun expects its fourth-quarter revenue to come in between 2.05 billion yuan and 2.07 billion yuan, up 12.4% to 13.5% from a year earlier.
Kanzhun’s stock closed up 1.32% at $20.79 on Tuesday in New York after the earnings announcement. The stock has gained around 52% this year.
By Lee Shih Ta
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