Online recruitment platform Kanzhun Q2 revenue rises 14% on enterprise customer growth

KANZHUN

25/08/2026 13:34

Overview
China online recruitment platform's Q2 revenue grew 14% yr/yr, driven by enterprise customer growth
Adjusted net income for Q2 rose 9% yr/yr, supported by higher operating income
Company declared US$230 mln annual dividend and completed over US$300 mln in share buybacks

Outlook
Kanzhun expects Q3 2026 revenue between RMB2.41 bln and RMB2.50 bln
Company says Q3 forecast reflects current market and operational conditions in China

Result Drivers
ENTERPRISE CUSTOMER GROWTH - Revenue growth was mainly driven by a 10.8% increase in paid enterprise customers, according to the company
AI INVESTMENT - Co said continued investment in AI improved recruitment efficiency and matching accuracy, with positive user feedback and initial commercialization potential, per CEO Jonathan Peng Zhao
OPERATING LEVERAGE - Operating margin expanded by 5 percentage points, supported by efficiency gains from AI and cost controls, per Deputy CFO Wenbei Wang

Company press release: ID:nGNXb2NRk8

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
RMB 2.40 bln
 
Q2 Adjusted EPS
 
RMB 1.11
 
Q2 Net Income
 
RMB 1.94 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the employment services peer group is "buy"
Wall Street's median 12-month price target for KANZHUN LIMITED is HK$88.50, about 48.2% above its August 25 closing price of HK$59.70
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Aug 25 - Grupa Pracuj lifts recruitment revenue forecast on recovering Polish demand
Aug 24 - China's Tongcheng Travel Q2 revenue rises 6.8% on accommodation growth, hotel management strength
Aug 24 - China's PDD Holdings Q2 revenue rises on strength in transaction services

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)