Summary by Moomoo AI
Zhihu announced its full-year results for the year ending December 31, 2024. During the year, the company recorded revenue of 3.6 billion yuan, a decrease of 14.3% year-on-year; gross profit of 2.18 billion yuan, a decrease of 5% year-on-year; and a net loss of 0.169 billion yuan, which significantly narrowed by 79.9% year-on-year. Notably, the company achieved a gross margin of 60.6%, setting a five-year high.The company's financial condition is stable, as of the end of the reporting period, it held cash, restricted cash, time deposits, and short-term investments totaling 4.86 billion yuan. In terms of share repurchase, the company repurchased a total of 31.1 million Class A common shares during the year, with a total value of 66.5 million USD...Show More
