Kanzhun Full Year 2024 Earnings: In Line With Expectations

Kanzhun (NASDAQ:BZ) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥7.36b (up 24% from FY 2023).
• Net income: CN¥1.58b (up 44% from FY 2023).
• Profit margin: 22% (up from 19% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥3.59 (up from CN¥2.53 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Kanzhun Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

In the last 12 months, the only revenue segment was Internet Information Providers contributing CN¥7.36b. The largest operating expense was Sales & Marketing costs, amounting to CN¥2.07b (42% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥411.7m. Explore how BZ's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are down 5.8% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Kanzhun's balance sheet health.

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