5月27日，知乎（NYSE：ZH）公布2025年第一季度财报，财报显示公司亏损大幅收窄，经调整净利润实现扭亏为盈，受此消息影响，知乎股价盘前大涨5.09%。
根据财报，知乎第一季度总收入为7.3亿元人民币，同比下降24.06%。尽管收入有所下滑，但公司净亏损大幅收窄至1010万元人民币，同比减少93.9%。更值得注意的是，知乎首次在第一季度实现了非美国通用会计准则下（Non-GAAP）的盈利，经调整净利润为690万元人民币，而去年同期为亏损1.36亿元。这也标志着知乎连续两个季度实现Non-GAAP盈利。
此外，知乎的毛利率由去年同期的56.6%提高至61.8%，显示出公司运营效率的提升。在用户方面，知乎第一季度平均月付费会员数量达到1420万，继续保持增长态势。知乎创始人兼CEO周源表示，这一成就体现了公司精细化运营策略的有效性，以及人工智能在知乎生态系统中的深度融合。市场分析人士认为，知乎在控制成本、提高盈利能力方面取得的进展，是推动股价上涨的主要原因。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.