Kanzhun Limited Shines in Q1 2025 with Record Revenue and Profit Growth
In a highly anticipated conference call, Kanzhun Limited, a leading Chinese online recruitment platform, unveiled its impressive first quarter 2025 financial results. The company's CEO, Jonathan Peng Zhao, highlighted the encouraging performance, which saw a significant increase in revenue and net income.
According to the official transcript of the conference call, Kanzhun reported a GAAP revenue of RMB 1.92 billion for the first quarter, representing a 13% year-on-year growth. Notably, the company's net income reached RMB 510 million, reflecting a substantial 112% year-over-year increase.
Mr. Zhao attributed this remarkable performance to the company's strategic focus on driving profitability and operational certainty. He emphasized that Kanzhun has successfully implemented its strategy, which involves concentrating on high-impact priorities to enhance operational efficiency.
The CEO also touched upon the ongoing tariff war, stating that its impact on the business has not intensified. This reassuring update alleviated concerns among investors, who have been monitoring the situation closely.
Kanzhun's commitment to enhancing user satisfaction and leveraging two-sided network effects contributed significantly to its robust user growth. The company added over 15 million verified new users between January and April this year, with the average monthly active users reaching 57.56 million in the first quarter, up 24% from the same period last year.
Blue-collar new users accounted for more than 45% of the total users in the first quarter, driving their revenue share to over 39%. Additionally, Tier 3 and lower-tier cities saw a 3 percentage point increase in revenue contribution, while enterprises with fewer than 100 employees reported a record-high contribution due to the higher growth rate of smaller companies.
The company's ability to execute its strategic goals and exceptional operational levers was demonstrated by its adjusted operating income of RMB 690 million for the first quarter. Adjusted operating margin stood at 36%, representing a significant increase of 13 percentage points year-over-year.
Mr. Zhao expressed his gratitude to Kanzhun's users, investors, and friends who have continuously supported the company. He emphasized that the company remains committed to its vision and values, with a focus on delivering exceptional user experiences and driving long-term growth.
