The following is a summary of the Zhihu Inc. (ZH) Q4 2023 Earnings Call Transcript:
Financial Performance:
Zhihu Inc. saw a year-over-year revenue increase of 16.5% for 2023, reaching RMB 4,199 million.
Gross margin saw an improvement of over 4%, reaching 54.7% in 2023.
The operating loss margin narrowed significantly by 19 percent points in 2023.
Q4 2023 revenue reached RMB 1.1 billion, predominantly fueled by growth in the paid membership and vocational training business.
Adjusted net loss in Q4 2023 reduced by 31.9% compared to the previous year.
Business Progress:
Zhihu focused on content creators in 2023, increasing the number of creators to 71.3 million.
The company also grew the cumulative pieces of content by 19.3% to 774.7 million.
Zhihu aims to continue investment in AI technology and improve community trustworthiness in 2024.
The company's user engagement strategies are focused on organic user growth, with an emphasis on quality content and a healthy community ecosystem.
The future plans also include optimizing cost structures for improved efficiency and profitability, as well as application of AI in real-life scenarios to improve search function efficiency and feedback system design.
Zhihu anticipates growth in its vocational training business and revenue from IP copyrights in 2024.
More details: Zhihu IR
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