Zhihu's total revenue in the third quarter of 2023 was 1.022 billion yuan, a year-on-year increase of 12.1%

News from this site on November 29, Zhihu announced on the Hong Kong Stock Exchange today that total revenue in the third quarter of 2023 was RMB 1.022 billion, an increase of 12.1% over the same period in 2022; net loss was RMB 278 million, a decrease of 6.5% compared with the same period in 2022.

Zhihu’s average monthly active users (MAUs) in the third quarter of 2023 reached 110.5 million; average monthly subscription members reached 14.8 million, an increase of 35.9% from the same period in 2022. The performance table attached to this site is as follows:

##Zhihu Chairman and CEO Zhou Yuan said: “In the third quarter of 2023, we are in the process of commercialization The significant progress made in this regard and the active atmosphere of the Zhihu community have once again promoted sustainable business growth. Driven by the rapid development of paid membership and vocational training business, total revenue in this quarter continued to maintain year-on-year growth momentum. We will A strategy to invest more resources in the long term to achieve multi-engine commercialization. This strategy enables us to achieve resilient revenue growth this year despite macroeconomic uncertainty. I will improve strategy execution and make every effort to narrow losses.

Zhihu will continue to promote the integration of cutting-edge AI technology with products and business operations to improve content quality and user experience."

Zhihu Chief Financial Officer Sha Dachuan added: "This quarter has set another new milestone Excellent results, total revenue increased by 12.1% year-on-year.

Among various income sources, paid membership revenue increased by 39.2% year-on-year, while vocational training revenue increased rapidly by 85.6% year-on-year. We continue to improve cost efficiency and further increase gross profit margin. Despite the challenging economic situation, we are fully prepared to implement our growth strategy and achieve our financial goals."

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