Stryker shares tumble despite strong Q2 results and raised guidance
BEIJING - Chinese online recruitment platform Kanzhun Limited (NASDAQ:BZ) reported fourth quarter revenue growth of 15.4% YoY, but provided first quarter guidance below analyst expectations.
Kanzhun’s shares dipped 0.8% following the earnings release.
Kanzhun’s revenue for Q4 2024 rose to RMB1.82 billion ($249.8 million), up from RMB1.58 billion in the same period last year. Adjusted earnings per ADS came in at RMB1.62 ($0.22).
For Q1 2025, the company expects revenue between RMB1.90 billion and RMB1.92 billion, representing YoY growth of 11.5% to 12.7%.
"Over the past year, we have remained steadfast in our user-first principle, enhancing product capabilities and service efficiency through technological empowerment while deepening our understanding of user needs," said Jonathan Peng Zhao, Founder, Chairman and CEO.
The company’s average monthly active users in Q4 increased 27.9% YoY to 52.7 million. For the full year 2024, revenue grew 23.6% to RMB7.36 billion ($1.01 billion).
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