Kanzhun Limited, the powerhouse behind China's leading online recruitment platform BOSS Zhipin, has released its unaudited financial results for the third quarter of 2025. Demonstrating resilience and adaptability amidst evolving market dynamics, Kanzhun has captured notable growth figures, enhanced shareholder returns, and articulated a forward-thinking vision centered around technological integration.
Kanzhun Ltd Earnings Summary
In the third quarter of 2025, Kanzhun Limited showcased its financial prowess with remarkable achievements in multiple fronts. The company recorded an admirable increase in revenue and profitability, underlining its robust business model and strategic execution.
Kanzhun Ltd Financial Results
Here's a comprehensive view of Kanzhun's financial performance for the third quarter, laid out succinctly in the table below, comparing year-over-year metrics:
| Metric | Q3 2025 | Q3 2024 | Year-over-Year Change |
|---|---|---|---|
| Total Revenue | RMB2,163.3 million (~US$303.9 million) | RMB1,911.6 million (~US$268.5 million) | 13.2% |
| Income from Operations | RMB687.1 million (~US$96.5 million) | RMB330.2 million (~US$46.4 million) | 108.1% |
| Adjusted Income from Operations | RMB903.5 million (~US$126.9 million) | RMB605.3 million (~US$85.0 million) | 49.3% |
| Net Income | RMB775.4 million (~US$108.9 million) | RMB463.8 million (~US$65.1 million) | 67.2% |
| Adjusted Net Income | RMB991.8 million (~US$139.3 million) | RMB738.9 million (~US$103.8 million) | 34.2% |
^ All RMB to USD conversions are based on the exchange rate of RMB7.1190 to US$1.00 as of September 30, 2025.
Revenue Breakdown by Segment
The following table delineates the revenue contributions from various segments, highlighting the company's different service lines:
| Revenue Source | Q3 2025 | Q3 2024 | Change |
|---|---|---|---|
| Online Recruitment Services to Enterprises | RMB2,146.8 million (~US$301.6 million) | RMB1,889.1 million (~US$265.4 million) | 13.6% |
| Other Services (Paid Value-added Services) | RMB16.4 million (~US$2.3 million) | RMB22.5 million (~US$3.2 million) | (27.1%) |
Segment Analysis
In a robust show of strength, revenue from online recruitment services surged, primarily fueled by a 13.3% increase in paid enterprise customers. This component continues to represent the core of Kanzhun's revenue machine. Conversely, revenue from other service segments witnessed a dip as the company restructured value-added services offered to job seekers. Despite this decrease, the company focused on optimizing these features, thereby boosting platform engagement and securing future ecosystem growth.
Key Developments
The third quarter of 2025 was a period of strategic advancements for Kanzhun Ltd. The operational highlights included strong user growth and a deepened integration of artificial intelligence (AI) across product and system platforms. AI's role is poised to extend beyond traditional recruitment, as the company endeavors to explore AI-driven hosted or placement services, thus maintaining its competitive edge.
Comments from Company Officers
Jonathan Peng Zhao, Founder, Chairman, and CEO, hailed this quarter's achievements, emphasizing the vital role of AI in catalyzing growth and user experience enhancement. "We are committed to integrating AI into our technologies, products, and operational systems, gradually making it one of the driving forces for enhancing user experience," Zhao commented. Furthermore, CFO Phil Yu Zhang highlighted the efficient operating leverage and improved marketing efficiencies contributing to a notable rise in profit margins.
Dividends and Share Repurchases
Kanzhun Ltd honored its commitment to shareholder value by completing its annual dividend distribution in Q3 2025. Furthermore, with a renewed share repurchase program extended through to August 2026, the company has authorized repurchases of up to $250 million, illustrating its proactive approach to managing shareholder equity.
Kanzhun Ltd Stock Forecast
Given Kanzhun's persistent revenue growth, user base expansion, and profitable efficiencies, the stock is likely to remain a favorable choice for investors. Taking into account the company's fiscal results, market trends, and macroeconomic factors, Kanzhun's stock is projected to oscillate between a low of approximately $18 and a high of $25 per share over the next 12 months, contingent on maintaining its growth multiplier and sectoral uptake of digital recruitment solutions.
In conclusion, Kanzhun Ltd stands out as a beacon of growth in a rapidly evolving digital landscape. As it forges ahead with innovation and strong fiscal discipline, Kanzhun continues to solidify its position as a leader in the realm of online recruitment.
