Kanzhun Limited, a leading online recruitment platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Highlights
- Revenues for the second quarter of 2022 were RMB1,112.3 million (US$166.1 million), a decrease of 4.8% from RMB1,168.2 million for the same quarter of 2021.
- Calculated cash billings for the second quarter of 2022 were RMB979.2 million (US$146.2 million), a decrease of 32.2% from RMB1,444.5 million for the same quarter of 2021.
- Average monthly active user for the second quarter of 2022 were 26.5 million, a decrease of 12.8% from 30.4 million for the same quarter of 2021.
- Total paid enterprise customers in the twelve months ended June 30, 2022 increased by 5.6% to 3.8 million from 3.6 million in the twelve months ended June 30, 2021.
- Net income for the second quarter of 2022 was RMB107.4 million (US$16.0 million), compared to a net loss of RMB1,414.1 million for the same quarter of 2021. Adjusted net income for the second quarter of 2022 was RMB257.2 million (US$38.4 million), an increase of 4.3% from RMB246.5 million for the same quarter of 2021.
Outlook
For the third quarter of 2022, the Company currently expects its total revenues to be between RMB1.14 billion and RMB1.16 billion, representing a year-on-year decrease of 5.9% to 4.3%. This forecast considers the impact of the COVID-19 resurgence in certain cities which adversely affected recruitment needs, as well as reflects the Company’s current views on the market and operational conditions in China, which are subject to change and cannot be predicted with reasonable accuracy as of the date hereof.
Shares of Kanzhun Limited drop 1.6% in premarket trading.
