Kanzhun Ltd (NASDAQ:BZ) Q4 2023 Earnings Conference Call March 12, 2024 8:00 AM ET
Company Participants
Wenbei Wang - Head of Investor Relations
Jonathan Peng Zhao - Founder, Chairman and Chief Executive Officer
Phil Yu Zhang - Director and Chief Financial Officer
Conference Call Participants
Eddy Wang - Morgan Stanley
Timothy Zhao - Goldman Sachs
Yang Bai - CICC
Robin Zhu - Bernstein
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Kanzhun Limited Fourth Quarter and Fiscal Year 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. Today's conference is being recorded.
At this time, I would like to turn the conference over to Ms. Wenbei Wang, Head of Investor Relations. Please go ahead, ma'am.
Wenbei Wang
Thank you, operator. Good evening, and good morning, everyone. Welcome to our fourth quarter and full year 2023 earnings conference call. Joining me today are our Founder, Chairman and CEO, Mr. Jonathan Peng Zhao; and our Director and CFO, Mr. Phil Yu Zhang.
Before we start, we would like to remind you that today's discussion may contain forward-looking statements, which are based on management's current expectations and observations that involve known and unknown risks, uncertainties and other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different.
The Company cautions you not to place undue reliance on forward-looking statements and do not undertake any obligation to update this forward-looking information except as required by law.
During today's call, management will also discuss certain non-GAAP financial measures for comparison purposes 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 on our website at ir.zhipin.com.
With that, I will now turn the call to Jonathan, our Founder, Chairman and CEO.
Jonathan Peng Zhao
[Foreign Language] Hello, everyone. Welcome to our fourth quarter and full year 2023 earnings conference call. On behalf of the company and our employees, management team and the Board of Directors, I would like to express our sincere gratitude to our users and investors, who trust and support us.
[Foreign Language] First, I would like to share our performance with you. In the fourth quarter, the company achieved our calculated cash billings of RMB1.78 billion, up 61% year-on-year and 9% quarter-on-quarter. Our GAAP revenue reached RMB1.58 billion, up 46% year-on-year and remained flattish with last quarter. Our adjusted net income, which excludes share-based compensation expenses was RMB630 million.