Zhihu Inc (NYSE: ZH) reported first-quarter FY21 revenue growth of 154.2% year-on-year to $73 million (RMB478.3 million), beating the analyst consensus of $70.88 million. Average monthly active users (MAUs) rose 37.7% Y/Y to 85 million, while average monthly paying members rose 137.8% Y/Y to 4 million. Advertising revenue rose 70.1% Y/Y to $32.6 million (RMB213.7 million). Paid membership revenue increased 127% Y/Y to $19.3 million (RMB126.6 million). Content-commerce solutions revenue rose 110 times to $18.4 million (RMB120.8 million), with Other revenues increasing 200% Y/Y to $2.6 million (RMB17.1 million). The gross margin expanded 1,540 basis points to 57%. Operational loss rose 62.4% Y/Y to $342.5 million, with the net loss increasing 61.3% Y/Y to $49.6 million (RMB324.7 million). Adjusted net loss rose 19.7% Y/Y to $29.5 million (RMB193.6 million), with EPS loss of $(0.53) missing the analyst consensus of $(0.07) loss. Zhihu held $1.2 billion (RMB7.96 billion) in cash and equivalents, and it had raised $737.1 million from its March IPO. Guidance: Zhihu expects Q2 revenue of $94.9 million (RMB622 million) – $95.7 million (RMB627 million), falling short of the analyst consensus of $96.94 million. Price action: ZH shares traded higher by 7.38% at $8.58 in the premarket session on the last check Monday. Related content: Benzinga's Full Guidance Calendar View more earnings on ZH See more from BenzingaClick here for options trades from BenzingaSogou Misses On Q1 Revenue Due To Tencent's Proposed Acquisition, Lower Traffic Activity© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
NEW YORK, NY / ACCESSWIRE / May 17, 2021 / Zhihu Inc - ADR (NYSE:ZH) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 17, 2021 at 8:00 AM Eastern Time.To listen to the event live or access a replay of the call - visit https://www.
Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH), the operator of Zhihu, a leading online content community in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.