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Did Zhihu Beat Earnings?
Zhihu (ZH) reported Q2 '25 revenue of $710M, down 24.2% year-over-year, with reported EPS of $1.12. That topped the $-0.13 analyst estimate by 961.5% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Zhihu’s job postings, web traffic, and employee business outlook. See the full ZH stock analysis or the earnings calendar for upcoming reports.
Zhihu Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 826M | 859M | 728M | 710M | 659M | 635M | 648M | — |
| Gross margin | 63.9% | 62.9% | 61.8% | 62.5% | 61.3% | 53.6% | 59.6% | — |
| Operating margin | -10.0% | 1.4% | -7.2% | -12.7% | -15.1% | -21.4% | -9.7% | — |
| Net income | -10M | 86M | -10M | 72M | -47M | -206M | -8.5M | — |
| Net margin | -1.2% | 10.0% | -1.4% | 10.1% | -7.1% | -32.4% | -1.3% | — |
| EPS | — | $0.14 | — | $1.12 | — | — | — | — |
Zhihu Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Zhihu’s quarterly revenue moved from $826M to $0. Zhihu has beaten Wall Street EPS estimates in 1 of its last 1 reported quarters.
When Is Zhihu’s Next Earnings Date?
Zhihu reports earnings on a quarterly schedule. Its most recent report covered Q2 '25. For the confirmed upcoming date — and every other company reporting soon — see the ZH earnings calendar.
Frequently Asked Questions: Zhihu Earnings
Zhihu's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Zhihu reported Q2 '25 EPS of $1.12 on revenue of $710M (-24.2% YoY). Zhihu beat estimates, reporting $1.12 vs. the $-0.13 estimate.
Zhihu reported Q2 '25 revenue of $710M, down 24.2% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the ZH AI Score.
