Yahoo Finance Kanzhun Full Year 2023 Earnings: EPS Beats Expectations
Kanzhun (NASDAQ:BZ) Full Year 2023 Results
Key Financial Results
Revenue: CN¥5.95b (up 32% from FY 2022).
Net income: CN¥1.10b (up by CN¥992.0m from FY 2022).
Profit margin: 19% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue.
EPS: CN¥2.53 (up from CN¥0.25 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kanzhun EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.6%.
In the last 12 months, the only revenue segment was Internet Information Providers contributing CN¥5.95b. The largest operating expense was Sales & Marketing costs, amounting to CN¥1.99b (46% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥518.2m. Explore how BZ's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.
Performance of the American Interactive Media and Services industry.
The company's shares are up 5.4% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Kanzhun has 1 warning sign we think you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
