Zhihu (ZH) Revenue (2020 - 2025)
Zhihu (ZH) posted Revenue of $92.0 billion for Q4 2025, little changed sequentially from $92.1 billion in Q3 2025, and down 23.07% YoY from $119.6 billion in Q4 2024.
Zhihu (ZH) Revenue (2020 - 2025) Analysis & Trends
Zhihu has reported Revenue for 6 years, with the latest figure at $92.0 billion in Q4 2025.
- Quarterly Revenue fell 23.07% year-over-year to $92.0 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $284.3 billion (up 136.89% YoY) and the FY2025 annual result came in at $393.1 million, down 20.27% from the prior year.
- Revenue steadied at $92.0 billion in Q4 2025 per ZH's latest filing, from $92.1 billion in the prior quarter.
- Over five years, Revenue peaked at $119.6 billion in Q4 2024 and troughed at $73.0 million in Q1 2021.
- A 5-year average of $20.3 billion and a median of $136.6 million in 2023 frame the typical range for Revenue.
- The widest YoY moves for Revenue: up 77781.2% in 2025, down 24.44% in 2025.
- Over 5 years, Revenue stood at $159.9 million in 2021, then retreated by 2.07% to $156.6 million in 2022, then gained by 2.36% to $160.3 million in 2023, then jumped by 74508.34% to $119.6 billion in 2024, then fell by 23.07% to $92.0 billion in 2025.
- According to Business Quant data, Revenue over the past three periods registered $92.0 billion, $92.1 billion, and $100.1 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 119.80 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 60.80 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 476.83 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 4.65 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 5.31 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | 581.92 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 537,519.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 399.00 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 804.91 Mn | |
| 10 | Zhihu | 795.74 Mn | 320.56 Mn | 49.31 Bn | 92.02 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 92.02 Bn |
| Sep 30, 2025 | 92.06 Bn |
| Jun 30, 2025 | 100.08 Bn |
| Mar 31, 2025 | 100.55 Mn |
| Dec 31, 2024 | 119.62 Bn |
| Sep 30, 2024 | 120.42 Mn |
| Jun 30, 2024 | 128.50 Mn |
| Mar 31, 2024 | 133.08 Mn |
| Dec 31, 2023 | 160.33 Mn |
| Sep 30, 2023 | 140.10 Mn |
| Jun 30, 2023 | 144.00 Mn |
| Mar 31, 2023 | 144.77 Mn |
| Dec 31, 2022 | 156.63 Mn |
| Sep 30, 2022 | 128.17 Mn |
| Jun 30, 2022 | 124.81 Mn |
| Mar 31, 2022 | 117.24 Mn |
| Dec 31, 2021 | 159.94 Mn |
| Sep 30, 2021 | 127.80 Mn |
| Jun 30, 2021 | 98.87 Mn |
| Mar 31, 2021 | 73.00 Mn |