Zhihu rises as Q2 revenue, paid membership grow

Zhihu

30/08/2022 12:15

** U.S.-listed shares of Chinese question-and-answer website
Zhihu Inc  ZH.N  rise 4.2% to $1.5 premarket
    ** Zhihu posts Q2 revenue of 836 mln yuan ($121.15 mln), up
31% y/y
    ** Co says average monthly paying members reached 8.5 mln in
Q2, up 78.3% y/y
    ** "As the macro-economy started to show a positive momentum
in June 2022, our Content-Commerce Solutions services promptly
captured the related business opportunities and recorded
sequential increases in both end-customer pool and average
spending per customer in the second quarter of 2022" - CFO Wei
Sun    
    ** Average monthly active users touched 105.9 mln     in Q2,
rising 12.3% y/y    
    ** Up to last close, stock down ~74% YTD


($1 = 6.9004 Chinese yuan renminbi)

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com;))