ZH Zhihu (ZH) Q2 FY26 earnings call
Zhihu reported a sequential improvement in Q2 FY26 revenue, driven by content and IP operations, while marketing services continued its structural recovery. The company is actively integrating AI across its community, content, and expert networks, exploring new applications and commercial scenarios. Management remains focused on stabilizing core businesses, prudently investing in AI-driven opportunities, and improving operating efficiency towards sustainable profitability.
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ZH operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Paid subscribers | 13.1MAverage monthly subscribing members reached 13.1 million, up 7.9% sequentially with structural optimization.Source: earnings call transcript | 13.11MAverage monthly subscriber numbers were 13.11 million, broadly stable while member ARPU also remains stable.Source: earnings call transcript | +0.1% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.