Kanzhun reports Q3 adjusted EPS 22c, consensus 15c

Reports Q3 revenue $220.2M, consensus $215.44M. CEO Jonathan Peng Zhao commented, “We are pleased to deliver a strong set of results for Q3 2023, with revenue showing fast growth momentum while profitability remained robust. It is encouraging that recruitment demand continued to improve this quarter, as evidenced by the sequential growth in average monthly active enterprises and enterprise users. Backed by our continuously increased operating cash flow, we are delighted to announce that the board of directors has approved a special cash dividend of approximately $80M, showcasing our enduring commitment to providing sustainable value to our shareholders.” CFO Phil Yu Zhang added, “Revenues for the quarter are RMB1.61b, an increase of 36.3% year on year, exceeding the high end of our guidance. Benefiting from the job market’s recovering trend and our continuous efforts to enhance product capabilities, the number of paid enterprise customers reached another historical high. We also achieved the highest quarterly adjusted operating margin and net margin in our company’s history, indicating sustainable, high-quality growth supported by our efficient business model, effective exploration of monetization, and solid execution.”