Zhihu-W (02390) announced its third-quarter results for the period ended September 30, 2025. The group recorded total revenue of RMB659 million, with a net loss of RMB46.743 million and a net loss per share of RMB0.19.

Mr. Zhou Yuan, Chairman and CEO of Zhihu, stated, "We are steadily progressing toward our full-year non-GAAP breakeven target, with solid advancements this quarter. As our structural optimization measures continue to take effect, we are further refining our service offerings and achieving a better balance between commercialization and community health. The increase in user engagement and the growing volume of authentic, high-quality content contributed by daily users and professional creators keep our community vibrant. With stronger synergies from high-quality content, expert networks, and AI capabilities, Zhihu is accelerating its transformation into an AI-native community, delivering trusted and differentiated experiences for users both on and off the platform."

Mr. Wang Han, CFO of Zhihu, added, "In Q3, our non-GAAP operating loss narrowed by 16.3% year-over-year, reflecting disciplined cost management and improved operational efficiency. While continuing to invest in long-term growth initiatives, we maintained effective control over total costs and expenses. Looking ahead, leveraging our core strengths in content quality, creator expertise, and AI-driven innovation, we will further enhance commercialization resilience and explore new revenue models. We remain focused on achieving sustainable, high-quality growth."