Earnings release
Page 1
BOSS 直 聘 KANZHUN LIMITED Announces Third Quarter 2021 Unaudited Financial Results BEIJING , November 23 , 2021 ( GLOBE NEWSWIRE ) – KANZHUN LIMITED ( " BOSS Zhipin " or " the Company " ) ( Nasdaq : BZ ) , a leading online recruitment platform in China , today announced its unaudited financial results for the third quarter ended September 30 , 2021 . Third Quarter 2021 Highlights • Revenues for the quarter were RMB1,211.8 million ( US $ 188.1 million ) , an increase of 105.4 % from RMB590.1 million for the same quarter of 2020 . Calculated cash billings¹ for the quarter were RMB1,221.0 million ( US $ 189.5 million ) , an increase of 61.8 % from RMB754.8 million for the same quarter of 2020 . Average monthly active users ( MAUS ) ² for the quarter were 28.8 million , an increase of 28.6 % from 22.4 million for the same quarter of 2020 . Total paid enterprise customers³ in the twelve months ended September 30 , 2021 increased by 110.5 % to 4.0 million from 1.9 million in the twelve months ended September 30 , 2020 . Net income for the quarter was RMB286.2 million ( US $ 44.4 million ) , compared to net income of RMB33.8 million for the same quarter of 2020. Adjusted net income¹ for the quarter was RMB385.1 million ( US $ 59.8 million ) , compared to RMB52.3 million for the same quarter last year . Mr. Jonathan Peng Zhao , Founder , Chairman and Chief Executive Officer of the Company , commented , “ It is inspiring to see the effectiveness of our business model continuing to be validated . In the third quarter , we focused on improving our service for existing users and enhancing our core competencies , continually investing in both platform and data security enhancements . We believe this is a key factor in driving the sustainable growth of our business and creating long - term value . Staying true to our mission and commitments as a public company , we will continue to make valuable contributions to the development of individuals , and to the prosperity of the enterprises we serve , by leveraging the power of technology . " ¹ Calculated cash billings is a non - GAAP financial measure , derived by adding the change in deferred revenue to revenues . For more information on the non - GAAP financial measures , please see the section of " Use of Non - GAAP Financial Measures . " 2 MAUS refer to the number of verified user accounts , including both job seekers and enterprise users , that logged on to our mobile applications in a given month at least once . ³ Paid enterprise customers are defined as enterprise users and company accounts from which we recognize revenues for our online recruitment services . 4 Adjusted net income / ( loss ) and adjusted basic and diluted net income / ( loss ) per ADS attributable to ordinary shareholders are non - GAAP financial measures , excluding the impact of share - based compensation expenses . For more information on the non - GAAP financial measures , please see the section of " Use of Non - GAAP Financial Measures . " 1