Zhihu Inc. (NYSE: ZH) stock traded at an astounding $2.96, after having gone up to 14.03% during the regular trading session, on March 22, 2022.
Zhihu Inc. is a prominent content community-based in Beijing dedicated to empowering and motivating people to share knowledge, expertise, and apprehensions, allowing them to look for their own creative solutions.
Q4 and Fiscal Year 2021 Financial Report Announcement
Perhaps the most recent event of topical importance is the announcement of the financial results.
The announcement for the report of the financial results of Q4 and the full financial year (having concluded on Dec 31, 2021) on March 14, 2022, was made on Feb 25, 2022.
Some central points of prime importance have been delineated below:
- Gross Profit: Q4 of 2021 recorded a 44.1% gross profit increment compared to the same quarter of 2020. 105.1% rise was recorded for the year 2021.
- Total Revenue: The company documented its total revenue at $159.9 Million, showing a 96.1% rise from the corresponding quarter of 2020. Total revenue for the full fiscal year 2021 stands at a whopping $464.4 Million, denoting a 118.9% elevation from 2020.
Overview of the Year 2021
Chairman of the board and Chief Executive Officer of ZH, Mr. Yuan Zhou reportedly called 2021 “a remarkable year for Zhihu Inc”, and rightfully so. 2021, as the financial results signify has been a very dynamic and pivotal year for the financial growth of the company, with a successful IPO and the introduction of videolization contrivance that allowed and facilitated creators to cater to the increased demand for diverse and fulfilling content with heightened levels of creativity.
All of these factors have enabled ZH to thrive and flourish through the demanding market ecosystem of 2021.
Case in Point
The outstanding performance of Zhihu Inc. is evident from the total revenue expectation for Q1 of 2022. It has been estimated at around $116.33 Million, thereby signifying a bright horizon for the stock.