BEIJING, Nov. 30,
2022 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the
"Company") (NYSE: ZH; HKEX: 2390), the operator of Zhihu, a leading
online content community in China,
today announced its unaudited financial results for the quarter
ended September 30, 2022.
Third Quarter 2022 Highlights
- Total revenues were RMB911.7
million (US$128.2 million) for
the third quarter of 2022, representing a 10.7% increase from the
same period of 2021.
- Average monthly active users ("MAUs")[1] were
97.0 million for the third quarter of 2022, compared with 101.2
million for the same period of 2021.
- Average monthly paying members[2] reached
10.9 million for the third quarter of 2022, representing a 99.5%
increase from the same period of 2021.
"In the third quarter, we made further strides executing our
'community ecosystem first' strategy, shifting our focus to quality
user growth and bolstering the strength and resilience of our
content-centric business model," said Mr. Yuan Zhou, chairman of
the board and chief executive officer of Zhihu. "We saw encouraging
performance across an array of user growth metrics including user
activeness and time spent. We were also delighted to see an
increased number of content creators who received financial
incentives and earned higher average income in the Zhihu community.
Moving ahead, we are committed to further enhancing the vitality of
the Zhihu community, expanding our competitiveness, and striving to
create long-term value for all the stakeholders."
Mr. Wei Sun, chief financial
officer of Zhihu, added, "Despite the ongoing challenging
macroeconomic conditions, our total revenues for the quarter
recorded a double-digit year-over-year increase. Paid membership
once again demonstrated robust growth potential with average
monthly paying members reaching a new record high, and revenue from
our vocational training business quadrupled year over year as we
continued to expand offerings and address users' on-the-go needs.
Meanwhile, our net loss for the quarter was significantly narrowed
on a quarter-on-quarter basis. We firmly believe that Zhihu's
resilient and innovative business model positions us well for
continued investment for long-term growth while striving to achieve
profitability."
Third Quarter 2022 Financial Results
Total revenues were RMB911.7
million (US$128.2 million) for
the third quarter of 2022, representing a 10.7% increase from
RMB823.5 million for the same period
of 2021.
Advertising revenue was RMB196.7
million (US$27.7 million) for
the third quarter of 2022, compared with RMB321.1 million for the same period of 2021. The
decrease primarily reflected the headwinds faced by the online
advertising industry in China
broadly affected by the challenging macroeconomic conditions and
the pandemic's resurgence nationwide.
Paid membership revenue was RMB335.4 million (US$47.2
million) for the third quarter of 2022, representing an
88.1% increase from RMB178.3 million
for the same period of 2021. The increase was primarily due to the
continued growth of our paying members, reflecting the
attractiveness of our premium content and recognition of our paid
membership value.
Content-commerce solutions revenue was RMB265.2
million (US$37.3 million) for the
third quarter of 2022, compared with RMB278.4 million for the same period of 2021.The
decrease was primarily due to the challenging macroeconomic
environment.
Vocational Training revenue[3] was
RMB78.0 million (US$11.0 million) for the third quarter of 2022,
increasing from RMB14.0 million for
the same period of 2021. The strong increase was primarily due to
the growth of our paying members attracted to our growing and
diverse course offerings.
Other revenues were RMB36.3
million (US$5.1 million) for
the third quarter of 2022, representing a 14.7% increase from
RMB31.7 million for the same period
of 2021. The increase was primarily due to the broadened offerings
of our private label products and book series.
Cost of revenues increased to RMB467.3 million (US$65.7
million) for the third quarter of 2022 from RMB398.6 million for the same period of 2021. The
increase was primarily due to higher content-related costs and
payment processing fees, as well as increased cloud services and
bandwidth costs.
Gross profit increased to RMB444.4
million (US$62.5 million) for
the third quarter of 2022 from RMB424.8
million for the same period of 2021.
Gross margin for the third quarter of 2022 was 48.7%,
compared with 51.6% for the same period of 2021.
Total operating expenses decreased to RMB723.0 million (US$101.6
million) for the third quarter of 2022 from RMB747.3 million for the same period of 2021.
Selling and marketing expenses increased to RMB478.3 million (US$67.2
million) for the third quarter of 2022 from RMB374.7 million for the third quarter of 2021.
The increase was primarily due to higher promotion and advertising
expenses as we continued to strengthen Zhihu's brand and promote
Zhihu's community culture.
Research and development expenses decreased to
RMB160.8 million (US$22.6 million) for the third quarter of 2022
from RMB184.7 million for the same
period of 2021. The decrease was primarily due to a decline in
personnel-related expenses.
General and administrative expenses decreased to
RMB83.9 million (US$11.8 million) for the third quarter of 2022
from RMB188.0 million for the same
period of 2021. The decrease was primarily due to lower share-based
compensation expenses.
Loss from operations decreased to RMB278.6 million (US$39.2
million) for the third quarter of 2022 from RMB322.5 million for the same period of
2021.
Other income/(expenses) is comprised of investment
income, interest income, fair value change of financial
instruments, exchange gains/(losses) and others, net. The
year-over-year changes were mainly due to the following.
Fair value change of financial instruments was a loss of
RMB79.3 million (US$11.1 million) for the third quarter of 2022,
compared to a gain of RMB11.1 million
for the same period of 2021, primarily attributable to the fair
value change of financial instruments related to currency exchange
options and forward contracts due to the appreciation of U.S.
dollars against Renminbi.
Exchange gains were RMB28.3
million (US$4.0 million) for
the third quarter of 2022, compared with RMB8.7 million for the same period of
2021, primarily due to the appreciation of U.S. dollars
against Renminbi.
Net loss was RMB297.6
million (US$41.8 million) for
the third quarter of 2022, compared with RMB269.8 million for the same period of 2021.
Adjusted net loss (non-GAAP)[4] was
RMB250.6 million (US$35.2 million) for the third quarter of 2022,
compared with RMB112.4 million for
the same period of 2021.
Basic and diluted net loss per ADS was RMB0.49 (US$0.07)
for the third quarter of 2022, compared with RMB0.46 for the same period of 2021.
Cash and cash equivalents, term deposits, and short-term
investments
As of September 30, 2022, the
Company had cash and cash equivalents, term deposits, and
short-term investments of RMB6.6
billion (US$0.9 billion),
compared with RMB7.4 billion as of
December 31, 2021.
Share Repurchase Program
In May 2022, the Company announced
a share repurchase program under which the Company may repurchase
up to US$100 million of Class A
ordinary shares or ADSs for a 12-month period, subject to the
shareholders' approval for granting a general mandate to the board
of directors to repurchase shares or ADSs of the Company. This
general mandate was obtained at the Company's annual general
meeting held on June 10, 2022. As of
September 30, 2022, approximately 4.9
million Class A ordinary shares (including Class A ordinary shares
underlying the ADSs) had been repurchased on both the New York
Stock Exchange and The Stock Exchange of Hong Kong Limited under
the program for a total price of US$13.2
million.
[1] MAUs
refers to the sum of the number of mobile devices that launch our
mobile app at least once in a given month, or mobile MAUs, and the
number of logged-in users who visit our PC or mobile website at
least once in a given month, after eliminating
duplicates.
|
[2] Average
monthly paying members for a period is calculated by dividing the
sum of monthly paying members for each month during the specified
period by the number of months in such period.
|
[3]
Effective in the first quarter of 2022, the Company separately
reported the revenue of its vocational training business, which was
formerly included in "revenue - others," in light of the
significant growth of the revenue contribution from vocational
training to the Company's total revenues. For comparison purposes,
the revenue of vocational training business and the revenue in
"others" for each quarter of 2021 have been retrospectively
re-classified.
|
[4] Adjusted
net loss is a non-GAAP financial measure. For more information on
the non-GAAP financial measure, please see the section of "Use of
Non-GAAP Financial Measure" and the table captioned "Unaudited
Reconciliations of GAAP and Non-GAAP Results" set forth at the end
of this press release.
|
Conference Call
The Company's management will host an earnings conference call
at 7:00 a.m. U.S. Eastern Time on
November 30, 2022 (8:00 p.m. Beijing/Hong
Kong time on November 30,
2022).
All participants must pre-register online using the link
provided below. Once the pre-registration has been completed,
participants will receive dial-in numbers, a passcode, and a unique
registrant ID which can be used to join the conference call.
Participants may pre-register at any time, including up to and
after the call start time.
PRE-REGISTER LINK:
https://dpregister.com/sreg/10173450/f528d59af8
Additionally, a live and archived webcast of the conference call
will be available on the Company's investor relations website
at https://ir.zhihu.com.
A replay of the conference call will be accessible approximately
one hour after the conclusion of the live call until December
7, 2022, by dialing the following telephone numbers:
United
States:
|
+1-877-344-7529
|
International:
|
+1-412-317-0088
|
Replay Access
Code:
|
4752812
|
About Zhihu Inc.
Zhihu Inc. (NYSE: ZH; HKEX: 2390), the operator of Zhihu, a
leading online content community in China where people come to find solutions,
make decisions, seek inspiration, and have fun. We have been
dedicated to expanding our content and service offerings to enable
our users to explore and enjoy "fulfilling content" (有获得感的內容) that
broadens horizons, provides solutions, and resonates with minds.
Since the initial launch in 2010, we have grown from a Q&A
community into one of the top five comprehensive online content
communities and the largest Q&A-inspired online content
community in China, both in terms of average mobile MAUs and
revenue in 2019, 2020, and 2021, according to CIC. For more
information, please visit https://ir.zhihu.com.
Use of Non-GAAP Financial Measure
In evaluating the business, the Company considers and uses
adjusted net loss, a non-GAAP financial measure, to supplement the
review and assessment of its operating performance. The Company
defines adjusted net loss as net loss adjusted for the impact of
share-based compensation expenses, amortization of intangible
assets resulting from business acquisitions and the tax effects of
the non-GAAP adjustments, which are non-cash expenses. The Company
believes that the non-GAAP measure facilitates comparisons of
operating performance from period to period and company to company
by adjusting for potential impacts of items, which the Company's
management considers to be indicative of its operating performance.
The Company believes that the non-GAAP financial measure provides
useful information to investors and others in understanding and
evaluating the Company's consolidated results of operations in the
same manner as it helps the Company's management.
The non-GAAP financial measure is not defined under U.S. GAAP
and is not presented in accordance with U.S. GAAP. The presentation
of the non-GAAP financial measure may not be comparable to
similarly titled measure presented by other companies. The use of
the non-GAAP measure has limitations as an analytical tool, and
investors should not consider it in isolation from, or as a
substitute for analysis of, our results of operations or financial
condition as reported under U.S. GAAP. For more information on the
non-GAAP financial measure, please see the tables captioned
"Unaudited Reconciliations of GAAP and Non-GAAP Results" set forth
at the end of this press release.
Exchange Rate Information
This announcement contains translations of certain Renminbi
amounts into U.S. dollars at a specified rate solely for the
convenience of the reader. Unless otherwise noted, all
translations from Renminbi to U.S. dollars were made at a rate of
RMB7.1135 to US$1.00, the exchange rate in effect as of
September 30, 2022 as set forth in
the H.10 statistical release of the Federal Reserve Board.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as "may," "will," "expect,"
"anticipate," "target," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to," or other
similar expressions. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the SEC and the Hong Kong Stock Exchange. All
information provided in this press release is as of the date of
this press release, and the Company does not undertake any duty to
update such information, except as required under applicable
law.
For investor and media inquiries, please contact:
In China:
Zhihu Inc.
Email: ir@zhihu.com
The Piacente Group, Inc.
Helen Wu
Tel: +86-10-6508-0677
Email: zhihu@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Phone: +1-212-481-2050
Email: zhihu@tpg-ir.com
ZHIHU INC.
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
|
(All amounts in
thousands, except share, ADS, per share data and per ADS
data)
|
|
|
For the Three Months
Ended
|
|
For the Nine Months
Ended
|
|
September
30,
2021
|
|
June
30,
2022
|
|
September
30,
2022
|
|
September
30,
2021
|
|
September
30,
2022
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Advertising
|
321,072
|
|
237,597
|
|
196,689
|
|
27,650
|
|
783,074
|
|
651,603
|
|
91,601
|
Paid
membership
|
178,307
|
|
271,168
|
|
335,435
|
|
47,155
|
|
459,751
|
|
828,273
|
|
116,437
|
Content-commerce
solutions
|
278,415
|
|
240,454
|
|
265,249
|
|
37,288
|
|
606,691
|
|
732,490
|
|
102,972
|
Vocational
Training
|
13,991
|
|
46,127
|
|
78,004
|
|
10,966
|
|
23,626
|
|
163,675
|
|
23,009
|
Others
|
31,681
|
|
40,670
|
|
36,334
|
|
5,108
|
|
66,962
|
|
114,913
|
|
16,154
|
Total
revenues
|
823,466
|
|
836,016
|
|
911,711
|
|
128,167
|
|
1,940,104
|
|
2,490,954
|
|
350,173
|
Cost of
revenues
|
(398,617)
|
|
(436,414)
|
|
(467,327)
|
|
(65,696)
|
|
(866,031)
|
|
(1,311,425)
|
|
(184,357)
|
Gross
profit
|
424,849
|
|
399,602
|
|
444,384
|
|
62,471
|
|
1,074,073
|
|
1,179,529
|
|
165,816
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling and marketing
expenses
|
(374,696)
|
|
(532,375)
|
|
(478,279)
|
|
(67,235)
|
|
(1,164,558)
|
|
(1,517,239)
|
|
(213,290)
|
Research and
development
expenses
|
(184,657)
|
|
(223,589)
|
|
(160,760)
|
|
(22,599)
|
|
(411,579)
|
|
(550,867)
|
|
(77,440)
|
General and
administrative
expenses
|
(187,972)
|
|
(104,290)
|
|
(83,944)
|
|
(11,801)
|
|
(513,411)
|
|
(498,866)
|
|
(70,129)
|
Total operating
expenses
|
(747,325)
|
|
(860,254)
|
|
(722,983)
|
|
(101,635)
|
|
(2,089,548)
|
|
(2,566,972)
|
|
(360,859)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(322,476)
|
|
(460,652)
|
|
(278,599)
|
|
(39,164)
|
|
(1,015,475)
|
|
(1,387,443)
|
|
(195,043)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
income/(expenses):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment
income
|
15,617
|
|
20,596
|
|
23,138
|
|
3,253
|
|
37,070
|
|
64,458
|
|
9,061
|
Interest
income
|
9,850
|
|
10,480
|
|
14,598
|
|
2,052
|
|
21,428
|
|
34,433
|
|
4,841
|
Fair value change of
financial
instruments
|
11,136
|
|
(101,197)
|
|
(79,322)
|
|
(11,151)
|
|
21,746
|
|
(172,066)
|
|
(24,189)
|
Exchange
gains
|
8,724
|
|
49,126
|
|
28,302
|
|
3,979
|
|
13,489
|
|
73,273
|
|
10,301
|
Others, net
|
7,640
|
|
1,001
|
|
(3,047)
|
|
(428)
|
|
8,573
|
|
(116)
|
|
(16)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before income
tax
|
(269,509)
|
|
(480,646)
|
|
(294,930)
|
|
(41,459)
|
|
(913,169)
|
|
(1,387,461)
|
|
(195,045)
|
Income tax
expense
|
(303)
|
|
(6,375)
|
|
(2,655)
|
|
(373)
|
|
(2,420)
|
|
(11,428)
|
|
(1,607)
|
Net
loss
|
(269,812)
|
|
(487,021)
|
|
(297,585)
|
|
(41,832)
|
|
(915,589)
|
|
(1,398,889)
|
|
(196,652)
|
Net income attributable
to
noncontrolling interests
|
-
|
|
-
|
|
(2,590)
|
|
(364)
|
|
-
|
|
(2,590)
|
|
(364)
|
Accretions of
convertible
redeemable preferred shares to
redemption value
|
-
|
|
-
|
|
-
|
|
-
|
|
(170,585)
|
|
-
|
|
-
|
Net loss
attributable to Zhihu
Inc.'s shareholders
|
(269,812)
|
|
(487,021)
|
|
(300,175)
|
|
(42,196)
|
|
(1,086,174)
|
|
(1,401,479)
|
|
(197,016)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
(0.91)
|
|
(1.59)
|
|
(0.98)
|
|
(0.14)
|
|
(4.91)
|
|
(4.60)
|
|
(0.65)
|
Diluted
|
(0.91)
|
|
(1.59)
|
|
(0.98)
|
|
(0.14)
|
|
(4.91)
|
|
(4.60)
|
|
(0.65)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per ADS
(Two ADSs
represent one Class A
ordinary share)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
(0.46)
|
|
(0.79)
|
|
(0.49)
|
|
(0.07)
|
|
(2.46)
|
|
(2.30)
|
|
(0.32)
|
Diluted
|
(0.46)
|
|
(0.79)
|
|
(0.49)
|
|
(0.07)
|
|
(2.46)
|
|
(2.30)
|
|
(0.32)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of
ordinary shares outstanding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
295,179,795
|
|
307,101,052
|
|
306,621,507
|
|
306,621,507
|
|
221,050,126
|
|
304,837,976
|
|
304,837,976
|
Diluted
|
295,179,795
|
|
307,101,052
|
|
306,621,507
|
|
306,621,507
|
|
221,050,126
|
|
304,837,976
|
|
304,837,976
|
ZHIHU INC.
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED)
|
(All amounts in
thousands, except share, ADS, per share data and per ADS
data)
|
|
|
For the Three Months
Ended
|
|
For the Nine Months
Ended
|
|
September
30,
2021
|
|
June
30,
2022
|
|
September
30,
2022
|
|
September
30,
2021
|
|
September
30,
2022
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
Share-based
compensation
expenses included in:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
5,527
|
|
3,839
|
|
(411)
|
|
(58)
|
|
10,108
|
|
8,198
|
|
1,152
|
Selling and
marketing
expenses
|
12,111
|
|
6,196
|
|
6,647
|
|
934
|
|
21,528
|
|
19,315
|
|
2,715
|
Research and
development
expenses
|
21,764
|
|
14,294
|
|
16,608
|
|
2,335
|
|
32,081
|
|
46,672
|
|
6,561
|
General and
administrative
expenses
|
116,489
|
|
17,108
|
|
22,002
|
|
3,093
|
|
344,046
|
|
257,165
|
|
36,152
|
ZHIHU INC.
|
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS
|
(All amounts in
thousands)
|
|
|
As of December
31,
2021
|
|
As of September
30,
2022
|
|
RMB
|
|
RMB
|
|
US$
|
ASSETS
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
Cash and cash
equivalents
|
2,157,161
|
|
3,397,542
|
|
477,619
|
Term
deposits
|
2,815,509
|
|
1,119,638
|
|
157,396
|
Short-term
investments
|
2,239,596
|
|
2,107,392
|
|
296,252
|
Trade
receivables
|
831,628
|
|
742,547
|
|
104,386
|
Amounts due from
related parties
|
18,196
|
|
30,275
|
|
4,256
|
Prepayments and other
current assets
|
272,075
|
|
230,887
|
|
32,458
|
Total current
assets
|
8,334,165
|
|
7,628,281
|
|
1,072,367
|
Non-current
assets:
|
|
|
|
|
|
Property and
equipment, net
|
9,865
|
|
8,051
|
|
1,132
|
Intangible assets,
net
|
68,308
|
|
85,637
|
|
12,039
|
Goodwill
|
73,663
|
|
126,344
|
|
17,761
|
Long-term
investments
|
19,127
|
|
-
|
|
-
|
Term
deposits
|
159,393
|
|
-
|
|
-
|
Right-of-use assets
|
126,512
|
|
109,008
|
|
15,324
|
Other non-current
assets
|
14,132
|
|
22,450
|
|
3,156
|
Total non-current
assets
|
471,000
|
|
351,490
|
|
49,412
|
Total
assets
|
8,805,165
|
|
7,979,771
|
|
1,121,779
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Accounts payable and
accrued liabilities
|
1,026,534
|
|
922,995
|
|
129,753
|
Salary and welfare
payables
|
313,676
|
|
237,817
|
|
33,432
|
Taxes
payables
|
66,184
|
|
27,576
|
|
3,877
|
Contract
liabilities
|
239,757
|
|
376,876
|
|
52,980
|
Amounts due to related
parties
|
83,591
|
|
86,274
|
|
12,128
|
Short term lease
liabilities
|
40,525
|
|
51,340
|
|
7,217
|
Other current
liabilities
|
127,447
|
|
214,513
|
|
30,156
|
Total current
liabilities
|
1,897,714
|
|
1,917,391
|
|
269,543
|
Non-current
liabilities
|
|
|
|
|
|
Long term lease
liabilities
|
82,133
|
|
54,149
|
|
7,612
|
Deferred tax
liabilities
|
14,030
|
|
12,230
|
|
1,719
|
Other non-current
liabilities
|
73,139
|
|
78,506
|
|
11,036
|
Total non-current
liabilities
|
169,302
|
|
144,885
|
|
20,367
|
Total
liabilities
|
2,067,016
|
|
2,062,276
|
|
289,910
|
|
|
|
|
|
|
Total Zhihu Inc.'s
shareholders' equity
|
6,730,654
|
|
5,886,205
|
|
827,470
|
Noncontrolling
interests
|
7,495
|
|
31,290
|
|
4,399
|
Total shareholders'
equity
|
6,738,149
|
|
5,917,495
|
|
831,869
|
|
|
|
|
|
|
Total liabilities
and shareholders' equity
|
8,805,165
|
|
7,979,771
|
|
1,121,779
|
ZHIHU INC.
|
UNAUDITED RECONCILIATIONS OF GAAP AND
NON-GAAP RESULTS
|
(All amounts in
thousands)
|
|
|
For the Three Months
Ended
|
|
For the Nine Months
Ended
|
|
September
30,
2021
|
|
June
30,
2022
|
|
September
30,
2022
|
|
September
30,
2021
|
|
September
30,
2022
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss
|
(269,812)
|
|
(487,021)
|
|
(297,585)
|
|
(41,832)
|
|
(915,589)
|
|
(1,398,889)
|
|
(196,652)
|
Add:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based
compensation
expenses
|
155,891
|
|
41,437
|
|
44,846
|
|
6,304
|
|
407,763
|
|
331,350
|
|
46,580
|
Amortization of
intangible
assets resulting from
business acquisition
|
1,980
|
|
2,400
|
|
2,763
|
|
388
|
|
1,980
|
|
7,563
|
|
1,063
|
Tax effects on
non-GAAP
adjustments
|
(495)
|
|
(600)
|
|
(600)
|
|
(84)
|
|
(495)
|
|
(1,800)
|
|
(253)
|
Adjusted net
loss
|
(112,436)
|
|
(443,784)
|
|
(250,576)
|
|
(35,224)
|
|
(506,341)
|
|
(1,061,776)
|
|
(149,262)
|
View original
content:https://www.prnewswire.com/news-releases/zhihu-inc-reports-unaudited-third-quarter-2022-financial-results-301689982.html
SOURCE Zhihu Inc.