Did Robust Q3 Results and AI Advancements Just Shift Kanzhun's (BZ) Investment Narrative?

• On November 18, 2025, Kanzhun Limited reported strong third-quarter results, with revenues reaching CNY 2.16 billion and net income rising to CNY 806.63 million, and issued Q4 revenue guidance in the range of RMB 2.05 billion to RMB 2.07 billion, reflecting continued double-digit growth.
• The company’s performance was supported by a rebound in enterprise recruitment demand, increased adoption of its AI-powered recruiting products, and improved contract renewal and retention metrics.
• We’ll explore how Kanzhun’s accelerated revenue growth and operational gains inform the company’s investment narrative going forward.

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Kanzhun Investment Narrative Recap

To be a shareholder in Kanzhun, you need conviction that digital recruitment in China will scale further, especially as AI product adoption and enterprise employer demand continue to underpin revenue growth. Recent Q3 results and upbeat Q4 guidance have reaffirmed the company’s short-term top-line momentum, but continued reliance on cyclical recruitment activity and sector-specific hiring leaves earnings exposed to swings in economic conditions; this risk remains material and is worth monitoring closely.

Among recent developments, Kanzhun's new fourth-quarter guidance is most pertinent, indicating management’s cautious optimism about near-term growth with a projected annual revenue increase of 12.4% to 13.5%. This supports the investment case for durable demand, but also highlights that the most important catalysts, and risks, continue to hinge on macroeconomic stability and the pace of digital adoption across China’s job market.

By contrast, investors should be aware of persistent demographic shifts that could constrain new candidate supply in the months ahead, such as…

Read the full narrative on Kanzhun (it's free!)

Kanzhun's narrative projects CN¥11.2 billion revenue and CN¥3.7 billion earnings by 2028. This requires 13.2% yearly revenue growth and a CN¥1.5 billion earnings increase from the current CN¥2.2 billion.

Uncover how Kanzhun's forecasts yield a $25.03 fair value, a 19% upside to its current price.

Exploring Other Perspectives

Three Simply Wall St Community fair value estimates for Kanzhun range widely from CN¥18.95 to CN¥51.40 per share. While many see upside, the ongoing risk of volatile earnings tied to hiring cycles means views on future company performance can be far apart, explore these diverse perspectives for yourself.

Explore 3 other fair value estimates on Kanzhun - why the stock might be worth over 2x more than the current price!

Build Your Own Kanzhun Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Kanzhun research is our analysis highlighting 4 key rewards that could impact your investment decision.
• Our free Kanzhun research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Kanzhun's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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