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....
Read the full article on Seeking Alpha
For further details see:
Zhihu Sees Wider Losses Despite Revenue Beat