Zhihu released Q2 results in 2022: revenue of 836 million yuan increased by 31% over the same period last year, with a net loss of 487 million yuan

Thanks to CTOnews.com netizens Guangdong-Hong Kong-Macau Greater Bay Area, South China Wu Yanzu, MissBook, kkkkkkkkkayd for the clue delivery! Sina Technology News August 30 evening news, Zhihu (NYSE:ZH) released the second quarter financial results as of June 30, 2022. According to the financial report, Zhihu's total revenue in the second quarter was 836 million yuan ($124.8 million), up 31% from 638.4 million yuan in the same period in 2021. The net loss was 487 million yuan ($72.7 million), compared with a net loss of 321.1 million yuan in the same period in 2021. Excluding non-GAAP, the adjusted net loss was 443.8 million yuan ($66.3 million), compared with a net loss of 200.3 million yuan in the same period in 2021.

Second quarter operating results:

In the second quarter, the average number of monthly active users (MAU) was 105.9 million, an increase of 12.3% over the same period in 2021.

In the second quarter, the average number of monthly paid members was 8.5 million, an increase of 78.3% over the same period in 2021.

Financial results for the second quarter:

Total revenue was 836 million yuan ($124.8 million), up 31% from 638.4 million yuan in the same period in 2021.

Advertising revenue was 237.6 million yuan ($35.5 million), compared with 248.3 million yuan in the same period in 2021.

The income of paying members was 271.2 million yuan ($40.5 million), up 75.1 percent from 154.9 million yuan in the same period in 2021.

Revenue from content commerce solutions was 240.5 million yuan ($35.9 million), compared with 207.4 million yuan in the same period in 2021.

Vocational training income was 46.1 million yuan ($6.9 million), compared with 6.6 million yuan in the same period in 2021.

Other income was 40.7 million yuan ($6.1 million), compared with 21.2 million yuan in the same period in 2021.

The cost of revenue was 436.4 million yuan ($65.2 million), compared with 261.8 million yuan in the same period in 2021.

The gross profit was 399.6 million yuan ($59.7 million), compared with 376.6 million yuan in the same period in 2021.

The gross profit margin was 47.8%, compared with 59.0% for the same period in 2021.

Total operating expenses were 860.3 million yuan ($128.4 million), compared with 727.1 million yuan in the same period in 2021.

Sales and marketing expenses were 532.4 million yuan ($79.5 million), compared with 443.2 million yuan in the same period in 2021.

The cost of research and development was 223.6 million yuan ($33.4 million), compared with 120.6 million yuan in the same period in 2021.

General and administrative costs are 104.3 million yuan ($15.6 million), compared with 163.2 million yuan for the same period in 2021.

The operating loss was 460.7 million yuan ($68.8 million), compared with 350.5 million yuan in the same period in 2021.

The net loss was 487 million yuan ($72.7 million), compared with a net loss of 321.1 million yuan in the same period in 2021.

Excluding non-GAAP, the adjusted net loss was 443.8 million yuan ($66.3 million), compared with a net loss of 200.3 million yuan in the same period in 2021.

The net basic and diluted loss per American depositary share (ADS) was 79 yuan (approximately $0.12), compared with 55 yuan per ADS for the same period in 2021.

As of June 30, 2022, Zhihu had 7 billion yuan (US $1 billion) in cash and cash equivalents, term deposits, restricted cash and short-term investment, compared with 7.4 billion yuan as of December 31, 2021.

Results for the first half of 2022:

Total revenue was 1.6 billion yuan ($235.8 million), up 41.4 percent from 1.1 billion yuan in the same period in 2021.

The cost of revenue was 844.1 million yuan ($126 million), compared with 467.4 million yuan in the same period in 2021.

Total operating expenses were 1.844 billion yuan ($275.3 million), compared with 1.3422 billion yuan in the same period in 2021.

The net loss was 1.1013 billion yuan ($164.4 million), compared with a net loss of 645.8 million yuan in the same period in 2021.

Excluding non-GAAP, the adjusted net loss was 811.2 million yuan ($121.1 million), compared with a net loss of 393.9 million yuan in the same period in 2021.