Zhihu's Q1 Revenue Rose 33.8% to $144.8 Million; Net Loss Was $26.1 Million

Tiger Newspress2023-05-24

Zhihu Inc. today announced its unaudited financial results for the quarter ended March 31, 2023.

Total revenues were RMB994.2 million (US$144.8 million) in the first quarter of 2023, representing a 33.8% increase from the same period of 2022.

Net loss was RMB179.0 million (US$26.1 million) in the first quarter of 2023, narrowed by 70.9% from the same period in 2022. Adjusted net loss (non-GAAP) was RMB120.2 million (US$17.5 million) in the first quarter of 2023, narrowed by 67.3% from the same period of 2022.

Average monthly active users (MAUs) reached 102.4 million in the first quarter of 2023, compared with 101.6 million in the same period of 2022. Average monthly subscribing members reached 14.9 million in the first quarter of 2023, representing a 116.0% increase from the same period of 2022.

Stocks rose nearly 2% in premarket trading.

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