Kanzhun Limited (NASDAQ: BZ; HK: 2076) completed a share repurchase of 748,460 ordinary shares on March 25, 2026, for approximately RMB34.4 million. The transaction lifted the company’s year‑to‑date buyback total to more than RMB480 million, a figure that now exceeds the previously reported RMB450 million threshold.
The repurchase comes on the heels of a strong Q4 2025 earnings report in which Kanzhun posted revenue of RMB2,078.5 million, up 14.0% year‑on‑year, and adjusted net income of RMB905.9 million, a 25.4% increase. Full‑year 2025 results showed revenue of RMB8,267.5 million and adjusted net income of RMB3,602.5 million, with an adjusted operating margin of 40.8%—the highest annual level on record. The company’s average monthly active users grew to 60.7 million, up 14.5% from the previous year, driven by expansion into lower‑tier cities and small‑enterprise segments.
Kanzhun’s management has reiterated a commitment to allocate at least 50% of adjusted net income to dividends and share repurchases over the next three years. The company has also increased the authorization for its share repurchase program to up to US$400 million through August 28, 2027. The repurchase is part of a broader strategy that includes heavy investment in artificial intelligence to enhance platform efficiency and monetization, which has contributed to the company’s high gross margin of 85.1% and operating margin expansion to 43.3% in Q4 2025.
Despite the positive financials, the market has remained cautious. Kanzhun’s stock reached a 52‑week low of $13.06 on March 25, 2026, and several analysts have adjusted their price targets downward, reflecting concerns about future growth rates and the impact of AI‑related capital expenditures. Nevertheless, the share repurchase signals management’s confidence in the company’s valuation and its ability to generate sustainable cash flow.
Looking ahead, Kanzhun has maintained its guidance for the remainder of 2026, with management indicating that it will scale up repurchases as market conditions allow. The company’s focus on AI integration and its robust user growth position it to continue delivering strong earnings, while the expanded buyback authorization provides flexibility to return capital to shareholders in a manner that aligns with its long‑term growth strategy.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.