Zhihu's Q1 revenue of 994 million yuan in 2023 increased by 33.8% over the same period last year, and subscription members increased by 116%.

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com May 24 news, Zhihu today released unaudited financial results for the quarter ended March 31, 2023. Revenue for the first quarter was 994.2 million yuan, and the market expected 958 million yuan, compared with 743.2 million yuan in the same period last year, an increase of 33.8 percent over the same period last year. The net loss was 179 million yuan, and the market expected net loss was 248 million yuan, compared with a net loss of 614 million yuan in the same period last year, narrowing by 70.9 percent. Complete performance statement is attached to CTOnews.com:

Zhihu had an average of 102.4 million monthly active users in the first quarter of 2023, compared with 101.6 million in the same period in 2022, the announcement said. The average number of monthly subscription members in the first quarter of 2023 reached 14.9 million, an increase of 116% over the same period in 2022.

Zhou Yuan, chairman and chief executive of Zhihu, said: "We are pleased to announce that the company performed strongly in the first quarter of 2023, with revenue growth and loss narrowing again. During the quarter, thanks to our diversified content and rich consumption scenarios, user growth accelerated again, with an average of more than 110 million monthly active users in March. As we expand the user coverage of the Zhihu community and deepen our services through the industry value chain, our paid member income has reached an all-time high, while vocational training revenue continues to grow rapidly. "