Shares of Kanzhun Limited (NASDAQ: BZ), the operator of leading Chinese online recruitment platform BOSS Zhipin, tumbled 5.08% in pre-market trading on Wednesday following the release of its second quarter 2025 financial results. Despite beating analyst expectations, investors seem concerned about decelerating growth rates and potential headwinds in the Chinese job market.

For Q2 2025, Kanzhun reported revenues of RMB2,102.4 million (US$293.5 million), up 9.7% year-over-year but showing a marked slowdown from previous quarters. Adjusted earnings per ADS came in at RMB2.09 (US$0.29), surpassing the consensus estimate of US$0.18. However, the company's Q3 revenue guidance of RMB2.13-2.16 billion implies a further deceleration in growth to 11.4-13.0% year-over-year.

While Kanzhun's user metrics remained strong, with average monthly active users increasing 16.5% to 63.6 million, the company's paid enterprise customer growth of 10.2% suggests potential challenges in monetization. The pre-market sell-off indicates that investors may be recalibrating their growth expectations for the company in light of the broader economic uncertainties in China. Additionally, the announcement of a new share repurchase program and dividend policy, while generally positive, may have raised questions about the company's future growth prospects and capital allocation strategy.