UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2024
Commission File Number: 001-40253
Zhihu Inc.
(Registrant’s Name)
18 Xueqing Road
Haidian District, Beijing
100083
People’s Republic
of China
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| |
Zhihu Inc. |
| |
|
| |
By |
: |
/s/ Han Wang |
| |
Name |
: |
Han Wang |
| |
Title |
: |
Chief Financial Officer |
Date: June 12, 2024
Exhibit 99.1
Zhihu Inc. Reports Unaudited First Quarter
2024 Financial Results
BEIJING,
China, June 12, 2024 — 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 March 31,
2024.
First Quarter 2024 Highlights
| ● | Total
revenues were RMB960.9 million (US$133.1 million) in the first quarter of 2024, compared
with RMB994.2 million in the same period of 2023. |
| ● | Gross
margin expanded to 56.6% in the first quarter of 2024 from 51.5% in the same period of
2023. |
| ● | Net
loss was RMB165.8 million (US$23.0 million) in the first quarter of 2024, narrowed by
7.4% from the same period of 2023. |
| ● | Adjusted
net loss (non-GAAP)[1] was RMB135.7 million (US$18.8 million) in the first
quarter of 2024, compared with RMB120.2 million in the same period of 2023. |
| ● | Average
monthly active users (MAUs)[2] were 89.0 million in the first quarter of 2024. |
| ● | Average
monthly subscribing members[3] were 14.8 million in the first quarter of 2024. |
“We are delighted to start 2024 with a
solid financial and operating performance,” said Mr. Yuan Zhou, chairman and chief executive officer of Zhihu. “We made
substantial strides toward our break-even target by enhancing operating efficiency and accelerating loss reduction. Furthermore,
our efforts to enhance ‘trustworthiness’ within the Zhihu community continued to drive community prosperity, resulting in
significant increases in core users’ engagement and retention rates, as well as our DAU time spent. We believe that our AI search
feature’s emerging potential and the value we continue to unlock across the trustworthy Zhihu community will provide fresh momentum
for our sustainable growth and a clear path to profitability for the remaining quarters of the year.”
Mr. Han Wang, chief financial officer of
Zhihu, added, “We optimized our cost structure and enhanced monetization efficiency during the quarter. Our gross profit margin
has improved year-over-year for six consecutive quarters. In terms of operating expenses, we significantly reduced community-related
new user acquisition costs and maintained a high ROI across our multiple business lines, while investing prudently in AI. We are confident
that with continued strong strategic execution, we will remain on track to achieve our profitability goals.”
First Quarter 2024 Financial Results
Total
revenues were RMB960.9 million (US$133.1 million) in the first quarter of 2024, compared with RMB994.2 million in the same
period of 2023.
Marketing
services revenue was RMB330.5 million (US$45.8 million), compared with RMB392.1 million in the same period of 2023. The decrease
was primarily due to our ongoing refinement of service offerings to strategically focus on margin improvement.
Paid
membership revenue was RMB449.7 million (US$62.3 million), compared with RMB454.8 million in the same period of 2023. The
slight decrease was primarily attributable to a slight decline in our average monthly subscribing members.
Vocational
training revenue was RMB145.4 million (US$20.1 million), representing a 35.9% increase from RMB107.0 million in the first
quarter of 2023. The increase was primarily due to our further enriched online course offerings.
Other
revenues were RMB35.2 million (US$4.9 million), compared with RMB40.3 million in the same period of 2023.
Cost
of revenues decreased by 13.4% to RMB417.4 million (US$57.8 million) from RMB482.0 million in the same period of 2023. The
decrease was primarily due to a decrease in content and operating costs in connection with the decline in our revenues.
Gross
profit was RMB543.5 million (US$75.3 million), representing a 6.1% increase from RMB512.2 million in the same period of 2023.
Gross margin expanded to 56.6% from 51.5% in the same period of 2023, primarily attributable to our monetization enhancements.
Total
operating expenses were RMB768.2 million (US$106.4 million) in the first quarter of 2024, compared with RMB729.0 million in
the same period of 2023.
Selling
and marketing expenses increased to RMB478.0 million (US$66.2 million) from RMB445.6 million in the same period of 2023. The
increase reflects our continued efforts in promoting our product and service offerings.
Research
and development expenses increased to RMB197.4 million (US$27.3 million) from RMB183.0 million in the same period of 2023.
The increase was primarily due to our increased spending on technology innovation.
General
and administrative expenses decreased to RMB92.9 million (US$12.9 million) from RMB100.4 million in the same period of 2023.
The decrease was primarily due to lower share-based compensation expenses.
Loss
from operations was RMB224.7 million (US$31.1 million) in the first quarter of 2024, compared with RMB216.7 million in the
same period of 2023.
Adjusted
loss from operations (non-GAAP)[1] was RMB193.6 million (US$26.8 million) in the first quarter of 2024, compared
with RMB157.3 million in the same period of 2023.
Net
loss was RMB165.8 million (US$23.0 million) in the first quarter of 2024, compared with RMB179.0 million in the same period
of 2023.
Adjusted
net loss (non-GAAP)[1] was RMB135.7 million (US$18.8 million) in the first quarter of 2024, compared with RMB120.2
million in the same period of 2023.
Diluted
net loss per American depositary share (“ADS”)[4] was RMB1.76 (US$0.24), compared with RMB1.78 in the
same period of 2023.
Cash and cash equivalents, term deposits and short-term investments
As of March 31, 2024, the Company had cash
and cash equivalents, term deposits and short-term investments of RMB5,216.9 million (US$722.5 million), compared with RMB5,462.9 million
as of December 31, 2023.
Share Repurchase Programs
As of March 31, 2024, the Company had repurchased
31.1 million Class A ordinary shares (including Class A ordinary shares underlying the ADSs) for a total price of US$66.5 million
on both the New York Stock Exchange and The Stock Exchange of Hong Kong Limited under the Company’s existing US$100 million share
repurchase program (the “2022 Repurchase Program”) established in May 2022, extended in May 2023, and effective
until June 10, 2024. The repurchases made under the 2022 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.
The board of directors of the Company has approved
an extension of the 2022 Repurchase Program until June 26, 2025, which is subject to shareholder approval for granting a general
mandate to the board of directors to repurchase shares and/or ADSs of the Company not exceeding 10% of the total number of issued shares
of the Company (excluding any treasury shares) as of the date of such approval (the “2024 Repurchase Mandate”) at the forthcoming
annual general meeting of the Company to be held on June 26, 2024 (the “2024 Shareholder Approval”).
The board of directors of the Company further
announces that, in addition to the extended 2022 Repurchase Program, it proposes to conduct a concurrent share repurchase program effective
until June 26, 2025 (the “2024 Repurchase Program”). The maximum number of shares (including shares underlying the ADSs)
that can be repurchased under the 2024 Repurchase Program, together with the remaining number of shares (including shares underlying
the ADSs) that can be repurchased under the 2022 Repurchase Program, will not exceed the 2024 Repurchase Mandate, subject to the 2024
Shareholder Approval. The Company’s proposed repurchases, if approved, may be made from time to time in the open market at prevailing
market prices or through other legally permissible means, depending on market conditions and in accordance with applicable rules and
regulations. The Company plans to fund any such repurchases from its existing cash balance.
[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 “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]
On May 10, 2024, we effected a change in the ratio of our ADSs to Class A ordinary shares from two ADSs representing
one Class A ordinary share to a new ratio of one ADS representing three Class A ordinary shares. Basic and diluted net loss
per ADS have been retrospectively adjusted to reflect this ADS ratio change for all periods presented.
Conference Call
The Company’s management will host an earnings
conference call at 7:00 a.m. U.S. Eastern Time on June 12, 2024 (7:00 p.m. Beijing/Hong Kong time on June 12, 2024).
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/10189533/fc960a34f7
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 June 19, 2024, by dialing the following telephone numbers:
| United
States (toll free): |
+1-877-344-7529 |
| International: |
+1-412-317-0088 |
| Replay
Access Code: |
6946527 |
About Zhihu Inc.
Zhihu
Inc. (NYSE: ZH; HKEX: 2390) is 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 Measures
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 financial 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 financial 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 RMB7.2203 to US$1.00, the exchange rate in effect as of March 29, 2024 as set
forth in the H.10 statistical release of the Federal Reserve Board.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to
differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified
by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “potential,”
“continue,” “is/are likely to,” or other similar expressions. Further information regarding these and other risks,
uncertainties or factors is included in the Company’s filings with the SEC and the Hong Kong Stock Exchange. All information provided
in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information,
except as required under applicable law.
For investor and media inquiries, please contact:
In China:
Zhihu Inc.
Email: ir@zhihu.com
Piacente Financial Communications
Helen Wu
Tel: +86-10-6508-0677
Email: zhihu@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Phone: +1-212-481-2050
Email: zhihu@tpg-ir.com
ZHIHU INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS
(All amounts in thousands, except share, ADS,
per share data and per ADS data)
| | |
For the
Three Months Ended | |
| | |
March 31, 2023 | | |
December 31, 2023 | | |
March 31, 2024 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Revenues: | |
| | |
| | |
| | |
| |
| Marketing services | |
| 392,137 | | |
| 465,153 | | |
| 330,542 | | |
| 45,780 | |
| Paid membership | |
| 454,769 | | |
| 455,906 | | |
| 449,724 | | |
| 62,286 | |
| Vocational training | |
| 106,998 | | |
| 169,272 | | |
| 145,436 | | |
| 20,143 | |
| Others | |
| 40,316 | | |
| 47,966 | | |
| 35,161 | | |
| 4,870 | |
| Total revenues | |
| 994,220 | | |
| 1,138,297 | | |
| 960,863 | | |
| 133,079 | |
| Cost of revenues | |
| (482,001 | ) | |
| (465,197 | ) | |
| (417,384 | ) | |
| (57,807 | ) |
| Gross profit | |
| 512,219 | | |
| 673,100 | | |
| 543,479 | | |
| 75,272 | |
| | |
| | | |
| | | |
| | | |
| | |
| Selling and marketing expenses | |
| (445,565 | ) | |
| (527,604 | ) | |
| (477,954 | ) | |
| (66,196 | ) |
| Research and development expenses | |
| (182,960 | ) | |
| (232,585 | ) | |
| (197,356 | ) | |
| (27,333 | ) |
| General and administrative expenses | |
| (100,438 | ) | |
| (91,069 | ) | |
| (92,917 | ) | |
| (12,869 | ) |
| Total operating expenses | |
| (728,963 | ) | |
| (851,258 | ) | |
| (768,227 | ) | |
| (106,398 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Loss from operations | |
| (216,744 | ) | |
| (178,158 | ) | |
| (224,748 | ) | |
| (31,126 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Other income/(expenses): | |
| | | |
| | | |
| | | |
| | |
| Investment income | |
| 6,006 | | |
| 12,279 | | |
| 16,902 | | |
| 2,341 | |
| Interest income | |
| 39,493 | | |
| 38,828 | | |
| 30,763 | | |
| 4,261 | |
| Fair value change of financial instruments | |
| (3,582 | ) | |
| 14,780 | | |
| 9,408 | | |
| 1,303 | |
| Exchange (losses)/gains | |
| (5,649 | ) | |
| (937 | ) | |
| 120 | | |
| 17 | |
| Others, net | |
| 6,333 | | |
| 15,032 | | |
| 3,043 | | |
| 421 | |
| | |
| | | |
| | | |
| | | |
| | |
| Loss before income tax | |
| (174,143 | ) | |
| (98,176 | ) | |
| (164,512 | ) | |
| (22,783 | ) |
| Income tax expense | |
| (4,829 | ) | |
| (4,929 | ) | |
| (1,284 | ) | |
| (178 | ) |
| Net loss | |
| (178,972 | ) | |
| (103,105 | ) | |
| (165,796 | ) | |
| (22,961 | ) |
| Net (income)/loss attributable to noncontrolling
interests | |
| (2,383 | ) | |
| (666 | ) | |
| 950 | | |
| 132 | |
| Net loss attributable to Zhihu
Inc.’s shareholders | |
| (181,355 | ) | |
| (103,771 | ) | |
| (164,846 | ) | |
| (22,829 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net loss per share | |
| | | |
| | | |
| | | |
| | |
| Basic | |
| (0.59 | ) | |
| (0.36 | ) | |
| (0.59 | ) | |
| (0.08 | ) |
| Diluted | |
| (0.59 | ) | |
| (0.36 | ) | |
| (0.59 | ) | |
| (0.08 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net loss per ADS (One ADS represents three Class A
ordinary shares) | |
| | | |
| | | |
| | | |
| | |
| Basic | |
| (1.78 | ) | |
| (1.07 | ) | |
| (1.76 | ) | |
| (0.24 | ) |
| Diluted | |
| (1.78 | ) | |
| (1.07 | ) | |
| (1.76 | ) | |
| (0.24 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Weighted average number of ordinary shares outstanding | |
| | | |
| | | |
| | | |
| | |
| Basic | |
| 305,245,036 | | |
| 291,056,615 | | |
| 281,549,707 | | |
| 281,549,707 | |
| Diluted | |
| 305,245,036 | | |
| 291,056,615 | | |
| 281,549,707 | | |
| 281,549,707 | |
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 | |
| | |
March 31, 2023 | | |
December 31, 2023 | | |
March 31, 2024 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Share-based compensation expenses included in: | |
| | | |
| | | |
| | | |
| | |
| Cost of revenues | |
| 4,400 | | |
| 1,575 | | |
| 2,497 | | |
| 346 | |
| Selling and marketing expenses | |
| 8,758 | | |
| (7,001 | ) | |
| 3,272 | | |
| 453 | |
| Research and development expenses | |
| 21,205 | | |
| (57 | ) | |
| 3,680 | | |
| 510 | |
| General and administrative expenses | |
| 21,555 | | |
| 12,983 | | |
| 16,363 | | |
| 2,266 | |
ZHIHU INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in thousands)
| | |
As
of December 31, 2023 | | |
As
of March 31, 2024 | |
| | |
RMB | | |
RMB | | |
US$ | |
| ASSETS | |
| | |
| | |
| |
| Current assets: | |
| | | |
| | | |
| | |
| Cash and cash equivalents | |
| 2,106,639 | | |
| 2,194,419 | | |
| 303,923 | |
| Term deposits | |
| 1,586,469 | | |
| 1,553,663 | | |
| 215,180 | |
| Short-term investments | |
| 1,769,822 | | |
| 1,468,801 | | |
| 203,427 | |
| Trade receivables | |
| 664,615 | | |
| 638,226 | | |
| 88,393 | |
| Amounts due from related parties | |
| 18,319 | | |
| 31,277 | | |
| 4,332 | |
| Prepayments and
other current assets | |
| 232,016 | | |
| 239,814 | | |
| 33,214 | |
| Total current
assets | |
| 6,377,880 | | |
| 6,126,200 | | |
| 848,469 | |
| Non-current assets: | |
| | | |
| | | |
| | |
| Property and equipment, net | |
| 10,849 | | |
| 10,794 | | |
| 1,495 | |
| Intangible assets, net | |
| 122,645 | | |
| 117,113 | | |
| 16,220 | |
| Goodwill | |
| 191,077 | | |
| 191,077 | | |
| 26,464 | |
| Long-term investments | |
| 44,621 | | |
| 51,176 | | |
| 7,088 | |
| Right-of-use assets | |
| 40,211 | | |
| 31,141 | | |
| 4,313 | |
| Other non-current
assets | |
| 7,989 | | |
| 7,875 | | |
| 1,090 | |
| Total non-current
assets | |
| 417,392 | | |
| 409,176 | | |
| 56,670 | |
| Total assets | |
| 6,795,272 | | |
| 6,535,376 | | |
| 905,139 | |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |
| | | |
| | | |
| | |
| Current liabilities | |
| | | |
| | | |
| | |
| Accounts payable and accrued liabilities | |
| 1,038,531 | | |
| 1,023,973 | | |
| 141,819 | |
| Salary and welfare payables | |
| 342,125 | | |
| 332,077 | | |
| 45,992 | |
| Taxes payables | |
| 21,394 | | |
| 16,328 | | |
| 2,261 | |
| Contract liabilities | |
| 303,574 | | |
| 310,307 | | |
| 42,977 | |
| Amounts due to related parties | |
| 26,032 | | |
| 9,491 | | |
| 1,314 | |
| Short term lease liabilities | |
| 42,089 | | |
| 33,729 | | |
| 4,672 | |
| Other current
liabilities | |
| 171,743 | | |
| 165,873 | | |
| 22,973 | |
| Total current
liabilities | |
| 1,945,488 | | |
| 1,891,778 | | |
| 262,008 | |
| Non-current liabilities | |
| | | |
| | | |
| | |
| Long term lease liabilities | |
| 3,642 | | |
| 2,861 | | |
| 396 | |
| Deferred tax liabilities | |
| 22,574 | | |
| 21,505 | | |
| 2,979 | |
| Other non-current
liabilities | |
| 121,958 | | |
| 111,664 | | |
| 15,465 | |
| Total non-current
liabilities | |
| 148,174 | | |
| 136,030 | | |
| 18,840 | |
| Total liabilities | |
| 2,093,662 | | |
| 2,027,808 | | |
| 280,848 | |
| | |
| | | |
| | | |
| | |
| Total Zhihu Inc.’s shareholders’ equity | |
| 4,599,810 | | |
| 4,393,324 | | |
| 608,468 | |
| Noncontrolling interests | |
| 101,800 | | |
| 114,244 | | |
| 15,823 | |
| Total shareholders’ equity | |
| 4,701,610 | | |
| 4,507,568 | | |
| 624,291 | |
| | |
| | | |
| | | |
| | |
| Total liabilities and shareholders’
equity | |
| 6,795,272 | | |
| 6,535,376 | | |
| 905,139 | |
ZHIHU INC.
UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP
RESULTS
(All
amounts in thousands)
| | |
For the
Three Months Ended | |
| | |
March 31, 2023 | | |
December 31, 2023 | | |
March 31, 2024 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Loss from operations | |
| (216,744 | ) | |
| (178,158 | ) | |
| (224,748 | ) | |
| (31,126 | ) |
| Add: | |
| | | |
| | | |
| | | |
| | |
| Share-based compensation expenses | |
| 55,918 | | |
| 7,500 | | |
| 25,812 | | |
| 3,575 | |
| Amortization of
intangible assets resulting from business acquisitions | |
| 3,490 | | |
| 5,365 | | |
| 5,365 | | |
| 743 | |
| Adjusted loss from operations | |
| (157,336 | ) | |
| (165,293 | ) | |
| (193,571 | ) | |
| (26,808 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net loss | |
| (178,972 | ) | |
| (103,105 | ) | |
| (165,796 | ) | |
| (22,961 | ) |
| Add: | |
| | | |
| | | |
| | | |
| | |
| Share-based compensation expenses | |
| 55,918 | | |
| 7,500 | | |
| 25,812 | | |
| 3,575 | |
| Amortization of intangible assets resulting
from business acquisitions | |
| 3,490 | | |
| 5,365 | | |
| 5,365 | | |
| 743 | |
| Tax effects on
non-GAAP adjustments | |
| (600 | ) | |
| (1,069 | ) | |
| (1,069 | ) | |
| (148 | ) |
| Adjusted net loss | |
| (120,164 | ) | |
| (91,309 | ) | |
| (135,688 | ) | |
| (18,791 | ) |
Zhihu (NYSE:ZH)
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De Mai 2024 até Jun 2024
Zhihu (NYSE:ZH)
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De Jun 2023 até Jun 2024
