China’s Quora, a popular content community platform, Zhihu reported 85 million monthly active users (MAUs) in the first quarter of 2021, representing a growth of 37.7% over the first quarter of 2020.
Its average monthly paying members reached 4.0 million in Q1 2021, representing a growth of 137.8% YoY.
Zhihu‘s total revenues were RMB478.3 million (US$73.0 million) in Q1 2021, representing a growth of 154.2% YoY. And, its gross profit was RMB272.7 million (US$41.6 million), up 248.5% YoY.
The gross margin increased to 57.0% for the first quarter from 41.6% for the same period of last year. Zhihu just became a public company listed on the New York Stock exchange during the first quarter of 2021. Read its profile here.
Zhihu’s net loss was RMB324.7 million (US$49.6 million) for the first quarter of 2021, compared with RMB201.3 million for the same period of 2020. Basic and diluted net loss per ADS was RMB3.46 (US$0.53) for the first quarter of 2021, compared with RMB2.87 in the same period of 2020.