ZH - Zhihu Sees Wider Losses Despite Revenue Beat
2024-06-13 10:11:54 ET
Summary
- ZH's Q1 sales accounted for over a quarter of the full-year consensus revenue estimate, and its first quarter top-line beat is attributable to the vocational training business' good performance.
- But Zhihu's normalized net loss widened on both QoQ and YoY terms in Q1 2024, and a negative revenue mix might continue to weigh on its future bottom-line performance.
- The company's latest first quarter results have mixed read-throughs, so I have decided to maintain my Hold rating for ZH.
Elevator Pitch
Zhihu Inc. ( ZH ) [2390:HK] shares are awarded a Hold investment rating. My prior update written on December 10, 2023 was focused on the review of Zhihu's Q3 2023 financial results....
Zhihu Sees Wider Losses Despite Revenue Beat