Zhihu Q4 2025 operating loss widens to RMB264 million; revenue drops 25.1% to RMB644 million

Reuters03-25

Zhihu Q4 2025 operating loss widens to RMB264 million; revenue drops 25.1% to RMB644 million

Zhihu posted a FY2025 net loss of RMB195 million, compared with a FY2024 net loss of RMB169 million.
FY2025 investment income jumped to RMB232 million from RMB65 million, due to unrealized gains from re-measuring the fair value of an investment in a privately held company.
In Q4 2025, net loss widened to RMB211 million from net income of RMB86 million.
Q4 2025 operating loss widened to RMB264 million from operating income of RMB12 million.
Management said FY2025 marked its first full-year non-GAAP profitability and it was accelerating commercialization explorations related to AI.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhihu Inc. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260325-12066497), on March 25, 2026, and is solely responsible for the information contained therein.

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