BEIJING, Aug. 23,
2023 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the
"Company") (NYSE: ZH; HKEX: 2390), a leading online content
community in China, today
announced its unaudited financial results for the quarter ended
June 30, 2023.
Second Quarter 2023 Highlights
- Total revenues were RMB1,044.2
million (US$144.0 million) in
the second quarter of 2023, representing a 24.9% increase from the
same period of 2022.
- Net loss was RMB279.1
million (US$38.5 million) in
the second quarter of 2023, narrowed by 42.7% from the same period
of 2022.
- Adjusted net loss (non-GAAP)[1] was
RMB222.3 million (US$30.7 million) in the second quarter of 2023,
narrowed by 49.9% from the same period of 2022.
- Average monthly active users (MAUs)[2]
reached 109.4 million in the second quarter of 2023, up from 105.9
million in the same period of 2022.
- Average monthly subscribing
members[3] reached 14.0 million in the second
quarter of 2023, representing a 65.3% increase from the same period
of 2022.
"In the second quarter of 2023, we continued to achieve
high-quality growth and optimize our operating efficiency," said
Mr. Yuan Zhou, chairman and chief executive officer of Zhihu.
"Meanwhile, our dedication to content enrichment encouraged deeper
user engagement and inspired our content creators. Bolstered by
Zhihu's prominent brand name and comprehensive product offerings,
our paid membership and vocational training businesses continued to
grow rapidly. We also remained committed to investing in
cutting-edge technology to improve content consumption efficiency
and develop new user experiences."
Mr. Henry Sha, chief financial
officer of Zhihu, added, "Our multi-engine business model delivered
solid results this quarter with sustainable growth momentum. Our
total revenue increased by 24.9% year over year, benefiting from
our robust and growing paid membership and vocational training
businesses. Our gross margin also expanded further during the
quarter, by 6 percentage points year over year to 53.8%, boosted by
our effective and ongoing cost control measures. In comparison with
the same period last year, our adjusted net loss narrowed by 49.9%.
Going forward, we will continue to concentrate on our loss
reduction strategy and working to achieve healthy growth."
Second Quarter 2023 Financial Results
Total revenues were RMB1,044.2
million (US$144.0 million) in
the second quarter of 2023, representing a 24.9% increase from
RMB836.0 million in the same period
of 2022.
Marketing services revenue[4] was RMB412.7 million (US$56.9
million), compared with RMB478.1
million in the same period of 2022. The decrease was
primarily due to ongoing refinement of service offerings to
strategically focus on margin improvement.
Paid membership revenue was RMB449.1 million (US$61.9
million), representing a 65.6% increase from RMB271.2 million in the same period of 2022. The
increase was primarily attributable to the continued growth of our
subscribing members, driven by our content enhancements and
improved user experience.
Vocational training revenue was RMB144.5 million (US$19.9
million), representing a 213.3% increase from RMB46.1 million in the same period of 2022. The
significant increase was primarily attributable to our further
enriched online course offerings and the revenue contributions from
our recently acquired businesses in the period.
Other revenues were RMB37.9
million (US$5.2 million),
compared with RMB40.7 million in the
same period of 2022.
Cost of revenues increased by 10.5% to RMB482.1 million (US$66.5
million) from RMB436.4 million
in the same period of 2022. The increase was primarily due to the
growth of content and operating costs as we continued to enhance
our content attractiveness, as well as an increase in payment
processing costs driven by our revenue growth, and was partially
offset by the decrease in cloud services and bandwidth costs.
Gross profit increased by 40.7% to RMB562.1 million (US$77.5
million) from RMB399.6 million
in the same period of 2022. Gross margin expanded to 53.8%
from 47.8% in the same period of 2022, primarily attributable to
our enhanced monetization efforts and the improvement of cloud
services and bandwidth utilization efficiency.
Total operating expenses were RMB889.3 million (US$122.6
million), compared with RMB860.3
million in the same period of 2022.
Selling and marketing expenses increased to RMB540.6 million (US$74.6
million) from RMB532.4 million
in the same period of 2022. The slight increase reflects our
continued efforts in promoting our product and service
offerings.
Research and development expenses increased to
RMB236.2 million (US$32.6 million) from RMB223.6 million in the same period of 2022. The
increase was primarily attributable to our increased spending in
technology innovation.
General and administrative expenses increased to
RMB112.5 million (US$15.5 million) from RMB104.3 million in the same period of 2022. The
increase was primarily due to increased share-based compensation
expenses.
Loss from operations narrowed by 29.0% to RMB327.2 million (US$45.1
million) from RMB460.7 million
in the same period of 2022.
Adjusted loss from operations (non-GAAP)[1]
narrowed by 35.4% to RMB269.4 million
(US$37.2 million) from RMB416.8 million in the same period of
2022.
Net loss narrowed by 42.7% to RMB279.1 million (US$38.5
million) from RMB487.0 million
in the same period of 2022.
Adjusted net loss (non-GAAP)[1] narrowed by
49.9% to RMB222.3 million
(US$30.7 million) from RMB443.8 million in the same period of 2022.
Diluted net loss per American Depositary Share ("ADS")
was RMB0.46 (US$0.06), compared with RMB0.79 in the same period of 2022.
Cash and cash equivalents, term deposits and short-term
investments
As of June 30, 2023, the Company
had cash and cash equivalents, term deposits and short-term
investments of RMB6,158.6 million
(US$849.3 million), compared with
RMB6,261.5 million as of December 31, 2022.
Share Repurchase Program
As was previously announced, the Company established a share
repurchase program in May 2022, which
was extended in May 2023, under which
the Company may repurchase up to US$100
million of Class A ordinary shares or ADSs until
June 10, 2024 (the "Repurchase
Program"). The repurchases made under the Repurchase Program were
covered by the general unconditional mandate to purchase the
Company's own shares approved by shareholders at the Company's
annual general meetings held on June 10,
2022 and June 30, 2023,
respectively. As of June 30, 2023,
approximately 13.0 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 Repurchase Program for a total price of
US$30.8 million.
[1] Adjusted
loss from operations and adjusted net loss are non-GAAP financial
measures. For more information on the non-GAAP financial measures,
please see the section of "Use of Non-GAAP Financial Measures" and
the table captioned "Unaudited Reconciliations of GAAP and Non-GAAP
Results" set forth at the end of this press release.
|
[2] MAUs
refers to the sum of the number of mobile devices that launch our
mobile apps 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.
|
[3] Monthly
subscribing members refers to the number of our Yan Selection
members in a specified month. Average monthly subscribing members
for a period is calculated by dividing the sum of monthly
subscribing members for each month during the specified period by
the number of months in such period.
|
[4] Starting
with the first quarter of 2023, we report revenues generated
from advertising and content-commerce solutions collectively as
"marketing services revenue" to better present our business and
results of operation in line with our overall strategies. Revenues
for the applicable comparison periods of 2022 have been
retrospectively re-classified.
|
Conference Call
The Company's management will host an earnings conference call
at 8:00 a.m. U.S. Eastern Time on
August 23, 2023 (8:00 p.m. Beijing/Hong
Kong time on August 23,
2023).
All participants wishing to join the conference call must
pre-register online using the link provided below. Once the
pre-registration has been completed, each participant will receive
a set of 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.
Participant Online Registration:
https://dpregister.com/sreg/10181708/fa277db324
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 August 30, 2023, by dialing the following
telephone numbers:
United States (toll
free):
|
+1-877-344-7529
|
International:
|
+1-412-317-0088
|
Replay Access
Code:
|
6924451
|
About Zhihu Inc.
Zhihu Inc. (NYSE: ZH; HKEX: 2390), a leading online content
community in China where people
come to find solutions, make decisions, seek inspiration, and have
fun. Since the initial launch in 2010, we have grown from a Q&A
community into one of the top comprehensive online content
communities and the largest Q&A-inspired online content
community in China. For more
information, please visit https://ir.zhihu.com.
Use of Non-GAAP Financial Measure
In evaluating the business, the Company considers and uses
non-GAAP financial measures, such as adjusted loss from operations
and adjusted net loss, to supplement the review and assessment of
its operating performance. The Company defines non-GAAP financial
measures by excluding 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
measures facilitate 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 measures provide 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 measures are not defined under U.S. GAAP
and are not presented in accordance with U.S. GAAP. The
presentation of the non-GAAP financial measures may not be
comparable to similarly titled measures presented by other
companies. The use of the non-GAAP measures 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 measures, 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 RMB7.2513 to US$1.00, the exchange rate in effect as of
June 30, 2023 as set forth in the
H.10 statistical release of the Federal Reserve Board.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as "may," "will," "expect,"
"anticipate," "target," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to," or other
similar expressions. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the SEC and the Hong Kong Stock Exchange. All
information provided in this press release is as of the date of
this press release, and the Company does not undertake any duty to
update such information, except as required under applicable
law.
For investor and media inquiries, please
contact:
In China:
Zhihu Inc.
Email: ir@zhihu.com
Piacente Financial Communications
Helen Wu
Tel: +86-10-6508-0677
Email: zhihu@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Phone: +1-212-481-2050
Email: zhihu@tpg-ir.com
ZHIHU
INC.
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
|
(All amounts in
thousands, except share, ADS, per share data and per ADS
data)
|
|
|
For the Three Months
Ended
|
|
For the Six Months
Ended
|
|
June
30,
2022
|
|
March
31,
2023
|
|
June
30,
2023
|
|
June
30,
2022
|
|
June
30,
2023
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketing
services
|
478,051
|
|
392,137
|
|
412,740
|
|
56,919
|
|
922,155
|
|
804,877
|
|
110,998
|
Paid
membership
|
271,168
|
|
454,769
|
|
449,098
|
|
61,933
|
|
492,838
|
|
903,867
|
|
124,649
|
Vocational
training
|
46,127
|
|
106,998
|
|
144,520
|
|
19,930
|
|
85,671
|
|
251,518
|
|
34,686
|
Others
|
40,670
|
|
40,316
|
|
37,851
|
|
5,220
|
|
78,579
|
|
78,167
|
|
10,780
|
Total
revenues
|
836,016
|
|
994,220
|
|
1,044,209
|
|
144,002
|
|
1,579,243
|
|
2,038,429
|
|
281,113
|
Cost of
revenues
|
(436,414)
|
|
(482,001)
|
|
(482,131)
|
|
(66,489)
|
|
(844,098)
|
|
(964,132)
|
|
(132,960)
|
Gross
profit
|
399,602
|
|
512,219
|
|
562,078
|
|
77,513
|
|
735,145
|
|
1,074,297
|
|
148,153
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling and marketing
expenses
|
(532,375)
|
|
(445,565)
|
|
(540,593)
|
|
(74,551)
|
|
(1,038,960)
|
|
(986,158)
|
|
(135,997)
|
Research and
development
expenses
|
(223,589)
|
|
(182,960)
|
|
(236,245)
|
|
(32,580)
|
|
(390,107)
|
|
(419,205)
|
|
(57,811)
|
General and
administrative
expenses
|
(104,290)
|
|
(100,438)
|
|
(112,460)
|
|
(15,509)
|
|
(414,922)
|
|
(212,898)
|
|
(29,360)
|
Total operating
expenses
|
(860,254)
|
|
(728,963)
|
|
(889,298)
|
|
(122,640)
|
|
(1,843,989)
|
|
(1,618,261)
|
|
(223,168)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(460,652)
|
|
(216,744)
|
|
(327,220)
|
|
(45,127)
|
|
(1,108,844)
|
|
(543,964)
|
|
(75,015)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
income/(expenses):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment
income
|
20,596
|
|
6,006
|
|
11,793
|
|
1,626
|
|
41,320
|
|
17,799
|
|
2,455
|
Interest
income
|
10,480
|
|
39,493
|
|
39,987
|
|
5,514
|
|
19,835
|
|
79,480
|
|
10,961
|
Fair value change of
financial
instruments
|
(101,197)
|
|
(3,582)
|
|
(9,016)
|
|
(1,243)
|
|
(92,744)
|
|
(12,598)
|
|
(1,737)
|
Exchange
gains/(losses)
|
49,126
|
|
(5,649)
|
|
7,076
|
|
976
|
|
44,971
|
|
1,427
|
|
197
|
Others, net
|
1,001
|
|
6,333
|
|
644
|
|
89
|
|
2,931
|
|
6,977
|
|
962
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before income
tax
|
(480,646)
|
|
(174,143)
|
|
(276,736)
|
|
(38,165)
|
|
(1,092,531)
|
|
(450,879)
|
|
(62,177)
|
Income tax
expense
|
(6,375)
|
|
(4,829)
|
|
(2,330)
|
|
(321)
|
|
(8,773)
|
|
(7,159)
|
|
(987)
|
Net
loss
|
(487,021)
|
|
(178,972)
|
|
(279,066)
|
|
(38,486)
|
|
(1,101,304)
|
|
(458,038)
|
|
(63,164)
|
Net income attributable
to
noncontrolling interests
|
-
|
|
(2,383)
|
|
(775)
|
|
(107)
|
|
-
|
|
(3,158)
|
|
(436)
|
Net loss
attributable to Zhihu
Inc.'s shareholders
|
(487,021)
|
|
(181,355)
|
|
(279,841)
|
|
(38,593)
|
|
(1,101,304)
|
|
(461,196)
|
|
(63,600)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
(1.59)
|
|
(0.59)
|
|
(0.92)
|
|
(0.13)
|
|
(3.62)
|
|
(1.52)
|
|
(0.21)
|
Diluted
|
(1.59)
|
|
(0.59)
|
|
(0.92)
|
|
(0.13)
|
|
(3.62)
|
|
(1.52)
|
|
(0.21)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per ADS
(Two ADSs
represent one Class A
ordinary share)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
(0.79)
|
|
(0.30)
|
|
(0.46)
|
|
(0.06)
|
|
(1.81)
|
|
(0.76)
|
|
(0.10)
|
Diluted
|
(0.79)
|
|
(0.30)
|
|
(0.46)
|
|
(0.06)
|
|
(1.81)
|
|
(0.76)
|
|
(0.10)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of
ordinary shares outstanding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
307,101,052
|
|
305,245,036
|
|
304,068,362
|
|
304,068,362
|
|
303,843,801
|
|
304,052,681
|
|
304,052,681
|
Diluted
|
307,101,052
|
|
305,245,036
|
|
304,068,362
|
|
304,068,362
|
|
303,843,801
|
|
304,052,681
|
|
304,052,681
|
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 Six Months
Ended
|
|
June
30,
2022
|
|
March
31,
2023
|
|
June
30,
2023
|
|
June
30,
2022
|
|
June
30,
2023
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
Share-based
compensation
expenses included in:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
3,839
|
|
4,400
|
|
2,146
|
|
296
|
|
8,609
|
|
6,546
|
|
903
|
Selling and
marketing
expenses
|
6,196
|
|
8,758
|
|
6,384
|
|
881
|
|
12,668
|
|
15,142
|
|
2,088
|
Research and
development
expenses
|
14,294
|
|
21,205
|
|
14,941
|
|
2,060
|
|
30,064
|
|
36,146
|
|
4,985
|
General and
administrative
expenses
|
17,108
|
|
21,555
|
|
28,976
|
|
3,996
|
|
235,163
|
|
50,531
|
|
6,968
|
ZHIHU
INC.
|
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS
|
(All amounts in
thousands)
|
|
|
As of December
31,
2022
|
|
As of June
30,
2023
|
|
RMB
|
|
RMB
|
|
US$
|
ASSETS
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
Cash and cash
equivalents
|
4,525,852
|
|
4,033,624
|
|
556,262
|
Term
deposits
|
948,390
|
|
1,068,551
|
|
147,360
|
Short-term
investments
|
787,259
|
|
1,056,376
|
|
145,681
|
Trade
receivables
|
834,251
|
|
751,276
|
|
103,606
|
Amounts due from
related parties
|
24,798
|
|
9,833
|
|
1,356
|
Prepayments and other
current assets
|
199,249
|
|
239,671
|
|
33,052
|
Total current
assets
|
7,319,799
|
|
7,159,331
|
|
987,317
|
Non-current
assets:
|
|
|
|
|
|
Property and
equipment, net
|
7,290
|
|
9,410
|
|
1,298
|
Intangible assets,
net
|
80,237
|
|
131,688
|
|
18,161
|
Goodwill
|
126,344
|
|
191,077
|
|
26,351
|
Long-term
investments
|
-
|
|
30,000
|
|
4,137
|
Right-of-use assets
|
100,119
|
|
82,138
|
|
11,327
|
Other non-current
assets
|
22,450
|
|
29,946
|
|
4,130
|
Total non-current
assets
|
336,440
|
|
474,259
|
|
65,404
|
Total
assets
|
7,656,239
|
|
7,633,590
|
|
1,052,721
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Accounts payables and
accrued liabilities
|
916,112
|
|
1,136,723
|
|
156,761
|
Salary and welfare
payables
|
283,546
|
|
239,535
|
|
33,033
|
Taxes
payables
|
25,975
|
|
29,028
|
|
4,003
|
Contract
liabilities
|
355,626
|
|
378,279
|
|
52,167
|
Amounts due to related
parties
|
24,861
|
|
16,580
|
|
2,286
|
Short term lease
liabilities
|
53,190
|
|
61,024
|
|
8,416
|
Other current
liabilities
|
165,531
|
|
229,399
|
|
31,636
|
Total current
liabilities
|
1,824,841
|
|
2,090,568
|
|
288,302
|
Non-current
liabilities
|
|
|
|
|
|
Long term lease
liabilities
|
43,367
|
|
19,759
|
|
2,725
|
Deferred tax
liabilities
|
11,630
|
|
24,711
|
|
3,408
|
Other
non-current liabilities
|
82,133
|
|
153,084
|
|
21,111
|
Total non-current
liabilities
|
137,130
|
|
197,554
|
|
27,244
|
Total
liabilities
|
1,961,971
|
|
2,288,122
|
|
315,546
|
|
|
|
|
|
|
Total Zhihu Inc.'s
shareholders' equity
|
5,653,696
|
|
5,271,380
|
|
726,958
|
Noncontrolling
interests
|
40,572
|
|
74,088
|
|
10,217
|
Total shareholders'
equity
|
5,694,268
|
|
5,345,468
|
|
737,175
|
|
|
|
|
|
|
Total liabilities
and shareholders' equity
|
7,656,239
|
|
7,633,590
|
|
1,052,721
|
ZHIHU
INC.
|
UNAUDITED
RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS
|
(All amounts in
thousands)
|
|
|
For the Three Months
Ended
|
|
For the Six Months
Ended
|
|
June
30,
2022
|
|
March
31,
2023
|
|
June
30,
2023
|
|
June
30,
2022
|
|
June
30,
2023
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
Loss from
operations
|
(460,652)
|
|
(216,744)
|
|
(327,220)
|
|
(45,127)
|
|
(1,108,844)
|
|
(543,964)
|
|
(75,015)
|
Add:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based
compensation
expenses
|
41,437
|
|
55,918
|
|
52,447
|
|
7,233
|
|
286,504
|
|
108,365
|
|
14,944
|
Amortization of
intangible assets
resulting from business
acquisition
|
2,400
|
|
3,490
|
|
5,365
|
|
740
|
|
4,800
|
|
8,855
|
|
1,221
|
Adjusted loss from
operations
|
(416,815)
|
|
(157,336)
|
|
(269,408)
|
|
(37,154)
|
|
(817,540)
|
|
(426,744)
|
|
(58,850)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss
|
(487,021)
|
|
(178,972)
|
|
(279,066)
|
|
(38,486)
|
|
(1,101,304)
|
|
(458,038)
|
|
(63,164)
|
Add:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based
compensation
expenses
|
41,437
|
|
55,918
|
|
52,447
|
|
7,233
|
|
286,504
|
|
108,365
|
|
14,944
|
Amortization of
intangible
assets resulting from
business acquisition
|
2,400
|
|
3,490
|
|
5,365
|
|
740
|
|
4,800
|
|
8,855
|
|
1,221
|
Tax effects on
non-GAAP
adjustments
|
(600)
|
|
(600)
|
|
(1,069)
|
|
(147)
|
|
(1,200)
|
|
(1,669)
|
|
(230)
|
Adjusted net
loss
|
(443,784)
|
|
(120,164)
|
|
(222,323)
|
|
(30,660)
|
|
(811,200)
|
|
(342,487)
|
|
(47,229)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
View original
content:https://www.prnewswire.com/news-releases/zhihu-inc-reports-unaudited-second-quarter-2023-financial-results-301907873.html
SOURCE Zhihu Inc.