Stock Track | Zhihu Plunges 5.16% as Q3 Revenue Misses Expectations Despite Profit Improvement

Stock Track11-26

Chinese knowledge sharing platform Zhihu Inc. (ZH) saw its stock plummet 5.16% in intraday trading on Tuesday, following the company's release of unaudited financial results for the third quarter of 2024.

While Zhihu reported an improved adjusted earnings per ADS of -$0.01, up from -$0.30 in the prior year period, investors appeared to focus on the weaker-than-anticipated top-line performance. Total revenues for Q3 2024 declined 14% year-over-year to $120.4 million, missing analyst expectations.

Despite narrowing its adjusted net loss significantly compared to Q3 2023, the continued revenue slowdown raised concerns among investors about the company's growth trajectory amidst a challenging macroeconomic environment in China. The selloff highlights the market's emphasis on Zhihu's ability to reignite its topline growth in the coming quarters.

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(ZH) saw its stock plummet 5.16% in intraday trading on Tuesday, following the company's release of unaudited financial results for the third quarter of ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZH","symbol_name":"知乎","start_time":0,"source_url":"","article_id":"1182716410","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1182716410","pubTimestamp":1732631666,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Chinese knowledge sharing platform Zhihu Inc.  saw its stock plummet 5.16% in intraday trading on Tuesday, following the company's release of unaudited financial results for the third quarter of 2024.While Zhihu reported an improved adjusted earnings per ADS of -$0.01, up from -$0.30 in the prior year period, investors appeared to focus on the weaker-than-anticipated top-line performance. 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