ZH has lost all its gains for the year with a huge selloff in the last few months, but this could represent an opportunity for a bargain. Valuations have been slashed with the decline in the stock to the point ZH could be undervalued, if the balance sheet is anything to go by. The charts suggest the decline in the stock could be over or close to it because it has reached a level where it turned it around before.
Zhihu remains a 'Buy.' Negatives from weak Q3 results are already priced in, with its shares trading at a compelling 0.5x price-to-net cash. The intentional elimination of low-quality ads from the company's platform led to below-expectations for 3Q 2025's topline and bottom line. Management expects to realize its first full-year non-GAAP profitability in FY25, supported by good cost control and a turnaround of the marketing services segment.
Zhihu Inc. ( ZH ) Q3 2025 Earnings Call November 25, 2025 6:00 AM EST Company Participants Yolanda Liu Yuan Zhou - Founder, Chairman & CEO Wang Han - Chief Financial Officer Conference Call Participants Yi Jing Wei - Citigroup Inc., Research Division Luqing Zhou - Goldman Sachs Group, Inc., Research Division Kewei Chen - Haitong International Research Limited Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to the Zhihu Inc. Third Quarter 2025 Financial Results Conference Call. [Operator Instructions] Today's conference is being recorded and webcasted.
| IT Services Industry | Information Technology Sector | Yuan Zhou CEO | NYSE Exchange | 98955N207 CUSIP |
| CN Country | 1,887 Employees | - Last Dividend | 10 May 2024 Last Split | 26 Mar 2021 IPO Date |
Zhihu Inc. is a prominent online content community platform based in the People's Republic of China. Established in 2010, the company has crafted a unique space where individuals can engage in seeking inspiration, finding solutions, making decisions, and enjoying entertainment. Headquartered in Beijing, this innovative platform has grown to serve a broad spectrum of user needs while contributing to the vibrant digital culture in China. Through its comprehensive services, Zhihu Inc. not only fosters a thriving online community but also supports technological advancement and business growth in the region.
Zhihu Inc. extends an array of services designed to aid in technological growth, business support, and professional consulting. These services cater to the needs of businesses looking for strategic advice, technological upgrades, and operational improvements, thereby facilitating their growth in a competitive landscape.
The company plays a significant role in the transmission of information and provision of software solutions, along with comprehensive information technology services. This ensures that businesses and individuals have access to crucial data, advanced software, and IT support necessary for navigating digital spaces effectively.
Zhihu Inc. offers a suite of information and marketing services, enabling businesses to reach out to their target audiences more effectively. Through these services, companies can enhance their market presence, engage with consumers directly, and drive their marketing campaigns with data-driven insights.
Understanding the need for continual learning and professional development in today's fast-paced world, Zhihu Inc. provides vocational training opportunities. These programs are aimed at equipping individuals with the skills and knowledge necessary to thrive in their respective careers.
At the core of Zhihu Inc.'s offerings are its internet services, which include but are not limited to, web hosting, online content provision, and digital communication platforms. These services ensure that users have seamless access to the internet for both personal and professional purposes.
Zhihu Inc. also holds an audio-visual permit, which allows it to legally create, produce, and distribute audio-visual content. This is indicative of the company's capabilities in engaging with its audience through multimedia content, enriching the user experience on its platform.