Zhihu Inc ADR (ZH)

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Why is Zhihu Inc ADR (ZH) Stock down?

We've noticed a 8.47% decline in Zhihu Inc ADR (ZH) stock during the 2024-04-19 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

30 Nov, 2023:

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.