Q2 2025 Kanzhun Ltd Earnings Call Transcript
Key Points
- Kanzhun Ltd (BZ) achieved a total revenue of RMB2.1 billion in Q2 2025, marking a 9.7% year-on-year increase.
- Net income reached RMB710 million, reflecting a 70.4% year-on-year growth, with a net profit margin exceeding 33%.
- The company added over 30 million verified new users from January to July, with average verified monthly active users reaching 63.56 million, up 16.5% year-on-year.
- Kanzhun Ltd (BZ) is making significant progress in AI, enhancing job seeker and enterprise user experiences, and improving management processes.
- The company completed a successful Hong Kong secondary share offering, raising HKD2.2 billion to enhance liquidity and broaden its shareholder base.
- The number of newly added verified graduates declined over 20% year-on-year in June and July, indicating a potential challenge in attracting fresh graduates.
- Despite improvements, the recruitment demand from blue-collar manufacturing experienced a short-term slowdown in April due to tariffs.
- Share-based compensation expenses, although decreasing, still amounted to RMB230 million, impacting overall expenses.
- The company faces challenges in AI implementation, such as preventing AI tools from becoming mere replacements for human roles.
- There is increased competition from start-up companies ramping up advertising investments, potentially affecting Kanzhun Ltd (BZ)'s market share and user acquisition costs.
Ladies and gentlemen, thank you for standing by, and welcome to the Kanzhun Limited second quarter 2025 financial results conference call. (Operator Instructions) Today's conference is being recorded.
At this time, I would like to turn the conference over to Ms. Wenbei Wang, Head of Investor Relations. Please go ahead, ma'am.
Thank you, operator. Good evening and good morning, everyone. Welcome to our second quarter 2025 earnings conference call. Joining me today are our Founder, Chairman and CFO, Mr. Jonathan Zhao; and our Director and CFO, Mr. Phil Yu Zhang.
Before we start, we would like to remind you that today's discussion may contain forward-looking statements, which are based on management's current expectations and observations that involve known and unknown risks, uncertainties and other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different. The company cautions you not to place undue reliance on forward-looking
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