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Stock impact report

Zhihu Inc. Reports Unaudited Third Quarter 2025 Financial Results

Zhihu Inc. American Depositary Shares (every two of each representing one Class A ordinary share) (ZH) 
Company Research Source: GlobeNewswire
BEIJING, China, Nov. 25, 2025 (GLOBE NEWSWIRE) -- 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 September 30, 2025. Third Quarter 2025 Highlights Total revenues were RMB658.9 million (US$92.6 million), compared with RMB845.0 million in the same period of 2024.Gross margin was 61.3%, compared with 63.9% in the same period of 2024.Net loss was RMB46.7 million (US$6.6 million), compared with RMB9.0 million in the same period of 2024.Adjusted net loss (non-GAAP)[1] was RMB21.0 million (US$3.0 million), compared with RMB13.1 million in the same period of 2024.Average monthly subscribing members[2] were 14.3 million in the third quarter of 2025. “We are firmly on track to achieve full-year non-GAAP breakeven, with solid progress made during the quarter,” said Mr. Yuan Zhou, chairman and chief executive officer of Zhihu. “As our structural optimization initi Show less Read more
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