Zhihu Reported Q1 Average Monthly Active Users (MAUs) of 89.0M, Average Monthly Subscribing Members of 14.8M
Portfolio Pulse from Benzinga Newsdesk
Zhihu reported its Q1 2024 financial results, highlighting total revenues of RMB960.9 million (US$133.1 million), a gross margin expansion to 56.6%, and a net loss of RMB165.8 million (US$23.0 million). The company also reported 89.0 million average monthly active users and 14.8 million average monthly subscribing members.
June 12, 2024 | 9:18 am
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Zhihu reported Q1 2024 revenues of US$133.1 million, a gross margin of 56.6%, and a net loss of US$23.0 million. The company also saw 89.0 million average monthly active users and 14.8 million average monthly subscribing members.
The increase in gross margin and the narrowing of net loss are positive indicators for Zhihu. The high number of MAUs and subscribing members also suggest strong user engagement, which could lead to positive short-term price movement.
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