Zhihu Inc. (ZH) Q2 2023 Earnings Call Transcript

Zhihu Inc. (NYSE:ZH) Q2 2023 Earnings Conference Call August 23, 2023 8:00 AM ET

Company Participants

Yolanda Lian Liu - IR Manager

Zhou Yuan - Founder, Chairman and CEO

Li Dahai - Chief Technology Officer

Henry Sha - CFO

Conference Call Participants

Xueqing Zhang - CICC

Steve Qu - Goldman Sachs

Vicki Wei - Citi

Daisy Chen - Haitong International

Yiwen Zhang - Chinese Renaissance

Operator

Hello, ladies and gentlemen. Thank you for standing by, and welcome to the Zhihu Inc. Second Quarter 2023 Financial Results Conference Call. [Operator Instructions]. Today's conference is being recorded.

At this time, I would like to turn the conference over to Ms. Iris Liu, IR Manager. Please go ahead, ma'am.

Yolanda Lian Liu

Thank you, operator. Hello, everyone. Welcome to our second quarter 2023 financial results conference call. Participants on today's call will include Mr. Yuan Zhou, Founder, Chairman and Chief Executive Officer of Zhihu; Mr. Dahai Li, Chief Technology Officer; and Mr. Henry Sha, our Chief Financial Officer.

Before we continue, please note that today's discussion will contain forward-looking statements made under safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's results may be materially different [from the views expressed today]. Further information regarding these and other risks and uncertainties is included in the company's prospectus and other public filings as filed with the U.S. Securities and Exchange Commission. The company does not assume any obligation to update any forward-looking statements, except as required under applicable law.

During today's call, management will also discuss certain non-GAAP financial measures, for comparison purpose only. For a definition of non-GAAP financial measures and the reconciliation of GAAP to non-GAAP financial results, please see the earnings release issued earlier today. In addition, a webcast replay of this conference call will be available in our website at ir.zhihu.com.

I will now turn this call over to Mr. Henry Sha, CFO of Zhihu.

Henry Sha

Thank you, Iris. I'm pleased to deliver today's opening remarks on behalf of our CEO, Mr. Zhou Yuan. Hello, everyone. Thank you for joining us for Zhihu's second quarter 2023 earnings call.

We continue to accelerate development across our business during the second quarter, achieving sustainable growth through effective execution of our community ecosystem first strategy. As we enriched our content library, user engagement increased throughout the Zhihu community, and our average MAUs continued to increase as well, rising to 109.4 million in the second quarter, representing 3.3% year-over-year growth and 6.9% sequential growth.