Zhihu's total revenue in the third quarter of 2023 was 1.022 billion yuan, an increase of 12.1% over the same period last year.

CTOnews.com November 29 news, know today in the Hong Kong Stock Exchange announcement, the third quarter of 2023 total revenue of RMB 1.022 billion yuan, compared with the same period in 2022 increased 12.1%; net loss of RMB 278 million yuan, compared with the same period in 2022 narrowed 6.5%.

In the third quarter of 2023, the average monthly active users (MAUs) reached 110.5 million; the average monthly subscription members reached 14.8 million, an increase of 35.9% over the same period in 2022. CTOnews.com attached performance table as follows:

Zhou Yuan, Chairman and CEO of Zhihu, said: "In the third quarter of 2023, we made significant progress in commercialization and the active atmosphere of Zhihu community once again drove sustainable growth of our business. Total revenue continued to grow year-over-year in the quarter, driven by rapid growth in paid membership and vocational training. We will invest more resources in the medium and long term to achieve a multi-engine commercialization strategy. This strategy has enabled us to deliver resilient revenue growth in the current year despite macroeconomic uncertainty. I will step up strategy execution and try my best to narrow losses. Zhihu will continue to promote the integration of cutting-edge AI technology with products and business operations to improve content quality and user experience. "

Zhihu Chief Financial Officer Sha Dachuan added: "This quarter has achieved another good result, with total revenue increasing by 12.1% year-on-year. Among various sources of income, paid member income increased by 39.2% year-on-year, while vocational training income increased rapidly by 85.6% year-on-year. We continued to improve cost efficiency and further improve gross profit margin. Despite challenging economic conditions, we remain fully prepared to pursue our growth strategy and achieve our financial targets. "