ZHIHU-W (02390) announced its third-quarter performance, with total revenue of 659 million yuan, and is accelerating its transformation into an artificial intelligence-native community.

Zhihu Holdings (02390) announced its third quarter performance for the three months ending September 30, 2025. The group achieved a total revenue of 659 million yuan (same unit), with a net loss of 46.743 million yuan, and a net loss per share of 0.19 yuan. Mr. Zhou Yuan, Chairman and CEO of Zhihu, said: "We are steadily moving towards the goal of achieving a balanced profit and loss for the full year under non-GAAP accounting standards, and the progress made this quarter is solid and strong. With our continued efforts in optimizing our structure, we are further enhancing our service products and striking a better balance between commercialization and community health. The increase in user engagement and the growth of high-quality content contributed by daily users and professional creators keep our community vibrant. With the synergies generated by high-quality content, expert networks, and AI capabilities, Zhihu is accelerating its transformation into an AI-native community, providing users both inside and outside the platform with a trustworthy and differentiated experience." Mr. Wang Han, CFO of Zhihu, added: "In the third quarter, our operational loss under non-GAAP standards narrowed by 16.3% year-on-year, reflecting strict cost management and improved operational efficiency. While continuing to invest in long-term growth plans, we are also maintaining effective control over total costs and expenses. Looking ahead, with our core strengths in content quality, creator professionalism, and AI-driven innovation, we will further strengthen the resilience of our commercialization efforts and explore new revenue models. We will remain focused on achieving sustainable, high-quality growth."