36KR Holdings Inc (NAS:KRKR)

Full Year 2025 36Kr Holdings Inc Earnings Call Transcript

Mar 17, 2026 / 12:00PM GMT

Release Date Price: $4.74 (+37.39%)

Transcript

Key Points

Positve

36KR Holdings Inc (KRKR) achieved profitability in 2025, marking a significant operational breakthrough.
The company's gross profit margin increased to 57.7%, up by 9 percentage points year-over-year.
Operating expenses decreased by almost RMB70 million, reflecting improved cost management.
The company expanded its content dissemination network across major platforms, enhancing visibility and user engagement.
36KR Holdings Inc (KRKR) reported a net profit of CNY11 million for the year, a turnaround from previous losses.

Negative

Subscription services revenue decreased by 14.2% to RMB50.1 million, indicating challenges in this segment.
The company faced macroeconomic headwinds and declines in advertising budgets, impacting overall advertising revenue.
Research and development expenses decreased due to a reduction in headcount, which may affect future innovation.
The decrease in share-based compensation gain suggests potential challenges in employee retention or motivation.
Despite improvements, the company still faces risks and uncertainties that could impact future performance.

Operator

Hello, ladies and gentlemen. Thank you for standing by for 36Kr Holdings, Inc.âs, second half and fiscal-year 2025 earnings conference call. (Operator Instructions) Todayâs conference call is being recorded.

I will now turn the call over to your host, Xin Wang, IR Manager of the company. Please go ahead, Xin.

Xin Wang

36Kr Holdings Inc - IR Manager

Thank you very much. Hello, everyone, and welcome to 36Kr Holdings Inc.âs second half annual fiscal year 2025 earnings conference call. The companyâs financial and operational results were released earlier today and have been made available online. You can also view the earnings press release by visiting the IR section of our website at ir.36kr.com. Participants on todayâs call will include our chairman and CEO, Mr. Dagang Feng, and our Chief Financial Officer, Mr. Xiang Li. Mr. Feng will start the call by providing an overview of the company and the performance highlights of the second half and the fiscal year 2025 in Chinese, followed by an English interpretation. Mr. Li will then provide details on the

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