Zhihu Inc. (ZH) reported a net loss of RMB 165.8 million for the first quarter of 2024, a slight improvement from the RMB 179.0 million loss recorded in the same quarter of 2023. The net loss per American Depositary Share (ADS) was RMB 1.76, compared to RMB 1.78 in the prior year. The company's adjusted net loss stood at RMB 135.7 million, up from RMB 120.2 million in the previous year.
Total revenues for the first quarter of 2024 were RMB 960.9 million, down from RMB 994.2 million in the corresponding period of 2023. During this time, the platform had an average of 89.0 million monthly active users.
