BEIJING, Nov. 29,
2023 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the
"Company") (NYSE: ZH; HKEX: 2390), a leading online content
community in China, today
announced its unaudited financial results for the quarter ended
September 30, 2023.
Third Quarter 2023 Highlights
- Total revenues were RMB1,022.2 million (US$140.1 million) in the third quarter of 2023,
representing a 12.1% increase from the same period of 2022.
- Net loss was RMB278.4 million (US$38.2 million) in the third quarter of 2023,
narrowed by 6.5% from the same period of 2022.
- Adjusted net loss (non-GAAP)[1] was
RMB225.3 million (US$30.9 million) in the third quarter of 2023,
narrowed by 10.1% from the same period of 2022.
- Average monthly active users (MAUs)[2]
reached 110.5 million in the third quarter of 2023.
- Average monthly subscribing
members[3] reached 14.8 million in the third
quarter of 2023, representing a 35.9% increase from the same period
of 2022.
"Our significant strides in commercialization and the vibrant
dynamism across the Zhihu community once again drove sustainable
business growth during the third quarter of 2023. Our total
revenues for the quarter continued their year-over-year growth
momentum, fueled by accelerated development in paid memberships and
our vocational training business," said Mr. Yuan Zhou, chairman and
CEO of Zhihu. "We will devote more resources to our multi-engine
monetization strategy on a mid- to long-term basis. This strategy
enabled us to deliver resilient revenue growth this year despite
the macro uncertainties. I am committed to narrowing losses by
improving strategy execution. Zhihu will continue to integrate
cutting-edge AI technology into its products and business
operations to enhance content quality and user experience."
Mr. Henry Sha, CFO of Zhihu,
added, "We achieved another strong quarter with total revenues
increasing by 12.1% year over year. Among our various revenue
streams, our paid membership revenue grew by 39.2% while our
vocational training business soared 85.6%, both year over year. We
further enhanced our gross margin through ongoing cost efficiency
refinements. Despite the challenging economic climate, we are
well-positioned to execute our growth strategy and achieve our
financial targets."
Third Quarter 2023 Financial Results
Total revenues were RMB1,022.2
million (US$140.1 million) in
the third quarter of 2023, representing a 12.1% increase from
RMB911.7 million in the same period
of 2022.
Marketing services revenue[4] was RMB383.0 million (US$52.5
million), compared with RMB461.9
million in the same period of 2022.
Paid membership revenue was RMB466.8 million (US$64.0
million), representing a 39.2% increase from RMB335.4 million in the same period of 2022. The
increase was primarily driven by the continued growth of our
subscribing members.
Vocational training revenue was RMB144.8 million (US$19.8
million), representing an 85.6% increase from RMB78.0 million in the same period of 2022. The
significant increase was primarily attributable to our further
enriched online course offerings and the revenue contributions from
our recently acquired businesses in the period.
Other revenues were RMB27.6
million (US$3.8 million),
compared with RMB36.3 million in the
same period of 2022.
Cost of revenues increased by 1.4% to RMB473.7 million (US$64.9
million) from RMB467.3 million
in the same period of 2022. The increase was primarily due to the
growth of content and operating costs as we continued to enhance
our content attractiveness, and an increase in staff costs,
partially offset by the decrease in cloud services and bandwidth
costs.
Gross profit increased by 23.4% to RMB548.5 million (US$75.2
million) from RMB444.4 million
in the same period of 2022.
Gross margin expanded to
53.7% from 48.7% in the same period of 2022, primarily attributable
to our enhanced monetization efforts and the improvement of cloud
services and bandwidth utilization efficiency.
Total operating expenses were RMB898.6 million (US$123.2
million), compared with RMB723.0
million in the same period of 2022.
Selling and marketing expenses increased to RMB534.3 million (US$73.2
million) from RMB478.3 million
in the same period of 2022. The increase reflects our continued
efforts in promoting our product and service offerings.
Research and development expenses increased to
RMB249.7 million (US$34.2 million) from RMB160.8 million in the same period of 2022. The
increase was primarily attributable to our increased spending on
technology innovation.
General and administrative expenses increased to
RMB114.6 million (US$15.7 million) from RMB83.9 million in the same period of 2022. The
increase was primarily due to higher rental expenses and the
increased share-based compensation expenses from our business
acquisition.
Loss from operations increased to RMB350.1 million (US$48.0
million) from RMB278.6 million
in the same period of 2022.
Adjusted loss from operations (non-GAAP)[1]
increased to RMB295.9 million
(US$40.6 million) from RMB231.0 million in the same period of
2022.
Net loss was narrowed by 6.5% to RMB278.4 million (US$38.2
million) from RMB297.6 million
in the same period of 2022.
Adjusted net loss (non-GAAP)[1] was narrowed
by 10.1% to RMB225.3 million
(US$30.9 million) from RMB250.6 million in the same period of 2022.
Diluted net loss per American Depositary Share ("ADS")
was RMB0.47 (US$0.06), compared with RMB0.49 in the same period of 2022.
Cash and cash equivalents, term deposits and short-term
investments
As of September 30, 2023, the
Company had cash and cash equivalents, term deposits and short-term
investments of RMB5,654.2 million
(US$775.0 million), compared with
RMB6,261.5 million as of December 31, 2022.
Share Repurchase Program
As of September 30, 2023, 18.3
million Class A ordinary shares (including Class A ordinary shares
underlying the ADSs) had been repurchased for a total price of
US$42.6 million on both the New York
Stock Exchange and The Stock Exchange of Hong Kong Limited under
the Company's existing US$100 million
share repurchase program established in May
2022 and extended in May 2023
(the "Repurchase Program"), which is effective until June 10, 2024. The repurchases made under the
Repurchase Program were covered by the general unconditional
mandate to purchase the Company's own shares approved by
shareholders at the Company's annual general meetings held on
June 10, 2022 and June 30, 2023, respectively.
[1] Adjusted
loss from operations and adjusted net loss are non-GAAP financial
measures. For more information on the non-GAAP financial measures,
please see the section of "Use of Non-GAAP Financial Measures" and
the table captioned "Unaudited Reconciliations of GAAP and Non-GAAP
Results" set forth at the end of this press release.
|
[2] MAUs
refers to the sum of the number of mobile devices that launch our
mobile apps at least once in a given month, or mobile MAUs, and the
number of logged-in users who visit our PC or mobile website at
least once in a given month, after eliminating
duplicates.
|
[3] Monthly
subscribing members refers to the number of our Yan Selection
members in a specified month. Average monthly subscribing members
for a period is calculated by dividing the sum of monthly
subscribing members for each month during the specified period by
the number of months in such period.
|
[4] Starting
with the first quarter of 2023, we report revenues generated
from advertising and content-commerce solutions collectively as
"marketing services revenue" to better present our business and
results of operation in line with our overall strategies. Revenues
for the applicable comparison periods of 2022 have been
retrospectively re-classified.
|
Conference Call
The Company's management will host an earnings conference call
at 6:00 a.m. U.S. Eastern Time on
November 29, 2023 (7:00 p.m. Beijing/Hong
Kong time on November 29,
2023).
All participants wishing to join the conference call must
pre-register online using the link provided below. Once the
pre-registration has been completed, each participant will receive
a set of dial-in numbers, a passcode, and a unique registrant ID
which can be used to join the conference call. Participants may
pre-register at any time, including up to and after the call start
time.
Participant Online Registration:
https://dpregister.com/sreg/10184549/fb0dd38135
Additionally, a live and archived webcast of the conference call
will be available on the Company's investor relations website
at https://ir.zhihu.com.
A replay of the conference call will be accessible approximately
one hour after the conclusion of the live call, until December 6, 2023, by dialing the following
telephone numbers:
United States (toll
free):
|
+1-877-344-7529
|
International:
|
+1-412-317-0088
|
Replay Access
Code:
|
4452699
|
About Zhihu Inc.
Zhihu Inc. (NYSE: ZH; HKEX: 2390) is a leading online content
community in China where people
come to find solutions, make decisions, seek inspiration, and have
fun. Since the initial launch in 2010, we have grown from a Q&A
community into one of the top comprehensive online content
communities and the largest Q&A-inspired online content
community in China. For more
information, please visit https://ir.zhihu.com.
Use of Non-GAAP Financial Measures
In evaluating the business, the Company considers and uses
non-GAAP financial measures, such as adjusted loss from operations
and adjusted net loss, to supplement the review and assessment of
its operating performance. The Company defines non-GAAP financial
measures by excluding the impact of share-based compensation
expenses, amortization of intangible assets resulting from business
acquisitions and the tax effects of the non-GAAP adjustments, which
are non-cash expenses. The Company believes that the non-GAAP
measures facilitate comparisons of operating performance from
period to period and company to company by adjusting for potential
impacts of items, which the Company's management considers to be
indicative of its operating performance. The Company believes that
the non-GAAP financial measures provide useful information to
investors and others in understanding and evaluating the Company's
consolidated results of operations in the same manner as it helps
the Company's management.
The non-GAAP financial measures are not defined under U.S. GAAP
and are not presented in accordance with U.S. GAAP. The
presentation of the non-GAAP financial measures may not be
comparable to similarly titled measures presented by other
companies. The use of the non-GAAP measures has limitations as an
analytical tool, and investors should not consider it in isolation
from, or as a substitute for analysis of, our results of operations
or financial condition as reported under U.S. GAAP. For more
information on the non-GAAP financial measures, please see the
tables captioned "Unaudited Reconciliations of GAAP and Non-GAAP
Results" set forth at the end of this press release.
Exchange Rate Information
This announcement contains translations of certain Renminbi
amounts into U.S. dollars at a specified rate solely for the
convenience of the reader. Unless otherwise noted, all translations
from Renminbi to U.S. dollars were made at a rate of RMB7.2960 to US$1.00, the exchange rate in effect as of
September 29, 2023 as set forth in
the H.10 statistical release of the Federal Reserve Board.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as "may," "will," "expect,"
"anticipate," "target," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to," or other
similar expressions. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the SEC and the Hong Kong Stock Exchange. All
information provided in this press release is as of the date of
this press release, and the Company does not undertake any duty to
update such information, except as required under applicable
law.
For investor and media inquiries, please contact:
In China:
Zhihu Inc.
Email: ir@zhihu.com
Piacente Financial Communications
Helen Wu
Tel: +86-10-6508-0677
Email: zhihu@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Phone: +1-212-481-2050
Email: zhihu@tpg-ir.com
ZHIHU
INC.
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
|
(All amounts in
thousands, except share, ADS, per share data and per ADS
data)
|
|
|
For the Three Months
Ended
|
|
For the Nine Months
Ended
|
|
September 30,
2022
|
|
June
30,
2023
|
|
September
30,
2023
|
|
September 30,
2022
|
|
September
30,
2023
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketing
services
|
461,938
|
|
412,740
|
|
382,962
|
|
52,489
|
|
1,384,093
|
|
1,187,839
|
|
162,807
|
Paid
membership
|
335,435
|
|
449,098
|
|
466,784
|
|
63,978
|
|
828,273
|
|
1,370,651
|
|
187,863
|
Vocational
training
|
78,004
|
|
144,520
|
|
144,795
|
|
19,846
|
|
163,675
|
|
396,313
|
|
54,319
|
Others
|
36,334
|
|
37,851
|
|
27,622
|
|
3,786
|
|
114,913
|
|
105,789
|
|
14,500
|
Total
revenues
|
911,711
|
|
1,044,209
|
|
1,022,163
|
|
140,099
|
|
2,490,954
|
|
3,060,592
|
|
419,489
|
Cost of
revenues
|
(467,327)
|
|
(482,131)
|
|
(473,712)
|
|
(64,928)
|
|
(1,311,425)
|
|
(1,437,844)
|
|
(197,073)
|
Gross
profit
|
444,384
|
|
562,078
|
|
548,451
|
|
75,171
|
|
1,179,529
|
|
1,622,748
|
|
222,416
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling and marketing
expenses
|
(478,279)
|
|
(540,593)
|
|
(534,328)
|
|
(73,236)
|
|
(1,517,239)
|
|
(1,520,486)
|
|
(208,400)
|
Research and
development
expenses
|
(160,760)
|
|
(236,245)
|
|
(249,662)
|
|
(34,219)
|
|
(550,867)
|
|
(668,867)
|
|
(91,676)
|
General and
administrative
expenses
|
(83,944)
|
|
(112,460)
|
|
(114,564)
|
|
(15,702)
|
|
(498,866)
|
|
(327,462)
|
|
(44,882)
|
Total operating
expenses
|
(722,983)
|
|
(889,298)
|
|
(898,554)
|
|
(123,157)
|
|
(2,566,972)
|
|
(2,516,815)
|
|
(344,958)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
(278,599)
|
|
(327,220)
|
|
(350,103)
|
|
(47,986)
|
|
(1,387,443)
|
|
(894,067)
|
|
(122,542)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
income/(expenses):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment
income
|
23,138
|
|
11,793
|
|
11,617
|
|
1,592
|
|
64,458
|
|
29,416
|
|
4,032
|
Interest
income
|
14,598
|
|
39,987
|
|
40,363
|
|
5,532
|
|
34,433
|
|
119,843
|
|
16,426
|
Fair value change of
financial
instruments
|
(79,322)
|
|
(9,016)
|
|
(7,352)
|
|
(1,008)
|
|
(172,066)
|
|
(19,950)
|
|
(2,734)
|
Exchange
gains/(losses)
|
28,302
|
|
7,076
|
|
(393)
|
|
(54)
|
|
73,273
|
|
1,034
|
|
142
|
Others, net
|
(3,047)
|
|
644
|
|
27,227
|
|
3,732
|
|
(116)
|
|
34,204
|
|
4,688
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before income
tax
|
(294,930)
|
|
(276,736)
|
|
(278,641)
|
|
(38,192)
|
|
(1,387,461)
|
|
(729,520)
|
|
(99,988)
|
Income tax
(expense)/benefit
|
(2,655)
|
|
(2,330)
|
|
256
|
|
35
|
|
(11,428)
|
|
(6,903)
|
|
(946)
|
Net
loss
|
(297,585)
|
|
(279,066)
|
|
(278,385)
|
|
(38,157)
|
|
(1,398,889)
|
|
(736,423)
|
|
(100,934)
|
Net income attributable
to
noncontrolling interests
|
(2,590)
|
|
(775)
|
|
(289)
|
|
(40)
|
|
(2,590)
|
|
(3,447)
|
|
(472)
|
Net loss
attributable to Zhihu
Inc.'s shareholders
|
(300,175)
|
|
(279,841)
|
|
(278,674)
|
|
(38,197)
|
|
(1,401,479)
|
|
(739,870)
|
|
(101,406)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
(0.98)
|
|
(0.92)
|
|
(0.94)
|
|
(0.13)
|
|
(4.60)
|
|
(2.45)
|
|
(0.34)
|
Diluted
|
(0.98)
|
|
(0.92)
|
|
(0.94)
|
|
(0.13)
|
|
(4.60)
|
|
(2.45)
|
|
(0.34)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per ADS
(Two ADSs
represent one Class A
ordinary share)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
(0.49)
|
|
(0.46)
|
|
(0.47)
|
|
(0.06)
|
|
(2.30)
|
|
(1.22)
|
|
(0.17)
|
Diluted
|
(0.49)
|
|
(0.46)
|
|
(0.47)
|
|
(0.06)
|
|
(2.30)
|
|
(1.22)
|
|
(0.17)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of
ordinary shares outstanding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
306,621,507
|
|
304,068,362
|
|
297,742,064
|
|
297,742,064
|
|
304,837,976
|
|
302,063,397
|
|
302,063,397
|
Diluted
|
306,621,507
|
|
304,068,362
|
|
297,742,064
|
|
297,742,064
|
|
304,837,976
|
|
302,063,397
|
|
302,063,397
|
ZHIHU
INC.
|
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED)
|
(All amounts in
thousands, except share, ADS, per share data and per ADS
data)
|
|
|
For the Three Months
Ended
|
|
For the Nine Months
Ended
|
|
September 30,
2022
|
|
June
30,
2023
|
|
September
30,
2023
|
|
September 30,
2022
|
|
September
30,
2023
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
Share-based
compensation
expenses included in:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(411)
|
|
2,146
|
|
1,630
|
|
223
|
|
8,198
|
|
8,176
|
|
1,121
|
Selling and
marketing
expenses
|
6,647
|
|
6,384
|
|
5,741
|
|
787
|
|
19,315
|
|
20,883
|
|
2,862
|
Research and
development
expenses
|
16,608
|
|
14,941
|
|
13,758
|
|
1,886
|
|
46,672
|
|
49,904
|
|
6,840
|
General and
administrative
expenses
|
22,002
|
|
28,976
|
|
27,662
|
|
3,791
|
|
257,165
|
|
78,193
|
|
10,717
|
ZHIHU
INC.
|
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS
|
(All amounts in
thousands)
|
|
|
As of December
31,
2022
|
|
As of September
30,
2023
|
|
RMB
|
|
RMB
|
|
US$
|
ASSETS
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
Cash and cash
equivalents
|
4,525,852
|
|
3,133,073
|
|
429,423
|
Term
deposits
|
948,390
|
|
1,147,648
|
|
157,298
|
Short-term
investments
|
787,259
|
|
1,373,502
|
|
188,254
|
Trade
receivables
|
834,251
|
|
624,251
|
|
85,561
|
Amounts due from
related parties
|
24,798
|
|
12,834
|
|
1,759
|
Prepayments and other
current assets
|
199,249
|
|
330,762
|
|
45,335
|
Total current
assets
|
7,319,799
|
|
6,622,070
|
|
907,630
|
Non-current
assets:
|
|
|
|
|
|
Property and
equipment, net
|
7,290
|
|
10,865
|
|
1,489
|
Intangible assets,
net
|
80,237
|
|
126,399
|
|
17,324
|
Goodwill
|
126,344
|
|
191,077
|
|
26,189
|
Long-term
investments
|
-
|
|
30,000
|
|
4,112
|
Right-of-use assets
|
100,119
|
|
44,772
|
|
6,137
|
Other non-current
assets
|
22,450
|
|
23,072
|
|
3,162
|
Total non-current
assets
|
336,440
|
|
426,185
|
|
58,413
|
Total
assets
|
7,656,239
|
|
7,048,255
|
|
966,043
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Accounts payable and
accrued liabilities
|
916,112
|
|
954,069
|
|
130,766
|
Salary and welfare
payables
|
283,546
|
|
287,626
|
|
39,422
|
Taxes
payables
|
25,975
|
|
14,621
|
|
2,004
|
Contract
liabilities
|
355,626
|
|
359,325
|
|
49,250
|
Amounts due to related
parties
|
24,861
|
|
9,187
|
|
1,259
|
Short term lease
liabilities
|
53,190
|
|
47,784
|
|
6,549
|
Other current
liabilities
|
165,531
|
|
238,980
|
|
32,755
|
Total current
liabilities
|
1,824,841
|
|
1,911,592
|
|
262,005
|
Non-current
liabilities
|
|
|
|
|
|
Long term lease
liabilities
|
43,367
|
|
3,657
|
|
501
|
Deferred tax
liabilities
|
11,630
|
|
23,642
|
|
3,240
|
Other
non-current liabilities
|
82,133
|
|
127,487
|
|
17,474
|
Total non-current
liabilities
|
137,130
|
|
154,786
|
|
21,215
|
Total
liabilities
|
1,961,971
|
|
2,066,378
|
|
283,220
|
|
|
|
|
|
|
Total Zhihu Inc.'s
shareholders' equity
|
5,653,696
|
|
4,894,135
|
|
670,797
|
Noncontrolling
interests
|
40,572
|
|
87,742
|
|
12,026
|
Total shareholders'
equity
|
5,694,268
|
|
4,981,877
|
|
682,823
|
|
|
|
|
|
|
Total liabilities
and shareholders' equity
|
7,656,239
|
|
7,048,255
|
|
966,043
|
ZHIHU
INC.
|
UNAUDITED
RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS
|
(All amounts in
thousands)
|
|
|
For the Three Months
Ended
|
|
For the Nine Months
Ended
|
|
September 30,
2022
|
|
June
30,
2023
|
|
September
30,
2023
|
|
September 30,
2022
|
|
September
30,
2023
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
Loss from
operations
|
(278,599)
|
|
(327,220)
|
|
(350,103)
|
|
(47,986)
|
|
(1,387,443)
|
|
(894,067)
|
|
(122,542)
|
Add:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based
compensation
expenses
|
44,846
|
|
52,447
|
|
48,791
|
|
6,687
|
|
331,350
|
|
157,156
|
|
21,540
|
Amortization of
intangible assets
resulting from business
acquisition
|
2,763
|
|
5,365
|
|
5,365
|
|
735
|
|
7,563
|
|
14,220
|
|
1,949
|
Adjusted loss from
operations
|
(230,990)
|
|
(269,408)
|
|
(295,947)
|
|
(40,564)
|
|
(1,048,530)
|
|
(722,691)
|
|
(99,053)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss
|
(297,585)
|
|
(279,066)
|
|
(278,385)
|
|
(38,157)
|
|
(1,398,889)
|
|
(736,423)
|
|
(100,934)
|
Add:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based
compensation
expenses
|
44,846
|
|
52,447
|
|
48,791
|
|
6,687
|
|
331,350
|
|
157,156
|
|
21,540
|
Amortization of
intangible
assets resulting from
business acquisition
|
2,763
|
|
5,365
|
|
5,365
|
|
735
|
|
7,563
|
|
14,220
|
|
1,949
|
Tax effects on
non-GAAP
adjustments
|
(600)
|
|
(1,069)
|
|
(1,069)
|
|
(146)
|
|
(1,800)
|
|
(2,738)
|
|
(375)
|
Adjusted net
loss
|
(250,576)
|
|
(222,323)
|
|
(225,298)
|
|
(30,881)
|
|
(1,061,776)
|
|
(567,785)
|
|
(77,820)
|
View original
content:https://www.prnewswire.com/news-releases/zhihu-inc-reports-unaudited-third-quarter-2023-financial-results-302000358.html
SOURCE Zhihu Inc.