Zhihu Sees Wider Losses Despite Revenue Beat
ZH's Q1 sales accounted for over a quarter of the full-year consensus revenue estimate, and its first quarter top-line beat is attributable to the vocational training business' good performance. But Zhihu's normalized net loss widened on both QoQ and YoY terms in Q1 2024, and a negative revenue mix might continue to weigh on its future bottom-line performance. The company's latest first quarter results have mixed read-throughs, so I have decided to maintain my Hold rating for ZH.
Zhihu Inc. (ZH) Q1 2024 Earnings Call Transcript
Zhihu Inc. (NYSE:ZH ) Q1 2024 Earnings Conference Call June 12, 2024 7:00 AM ET Company Participants Yolanda Liu - Director, IR Zhou Yuan - Founder, Chairman and CEO Wang Han - CFO Conference Call Participants Xueqing Zhang - CICC Daisy Chen - Haitong International Cici Cheng - CLSA Vicky Wei - Citi Thomas Chong - Jefferies Operator Ladies and gentlemen, thank you for standing by and welcome to the Zhihu Inc. First Quarter 2024 Financial Results Conference Call. At this time, all participants are in the listen-only mode.
