Zhihu Inc Adr (ZH)

Zhihu Inc ADR Stock (ZH) dropped by 20.16% from $0.9181 to $0.733 in the trading on Thursday November 30, 2023. The reason why ZH stock down today is due to its third-quarter of 2023 results. Zhihu Inc., a leading online content community in China, today announced its unaudited financial results for the quarter ended September 30, 2023.

• Total revenues were RMB1,022.2 million (US$140.1 million) in the third quarter of 2023, representing a 12.1% increase from the same period of 2022.
• Net loss was RMB278.4 million (US$38.2 million) in the third quarter of 2023, narrowed by 6.5% from the same period of 2022.
• Adjusted net loss was RMB225.3 million (US$30.9 million) in the third quarter of 2023, narrowed by 10.1% from the same period of 2022.