Shares of Kanzhun Limited (NASDAQ: BZ), the company behind the leading online recruitment platform BOSS Zhipin in China, tumbled 5.70% in pre-market trading on Tuesday. The sharp decline comes despite the company reporting strong third-quarter financial results that exceeded analyst expectations.
For the third quarter of 2025, Kanzhun reported revenues of RMB2,163.3 million (US$303.9 million), representing a 13.2% year-over-year increase. The company's net income surged 67.2% to RMB775.4 million (US$108.9 million). Adjusted earnings per ADS came in at RMB2.16 (US$0.30), beating the consensus estimate of RMB2.07.
However, the stock's decline appears to be driven by the company's fourth-quarter guidance, which fell short of market expectations. Kanzhun forecasts Q4 revenues to be between RMB2.05 billion and RMB2.07 billion, representing a year-over-year increase of 12.4% to 13.5%. This outlook is slightly below the FactSet consensus estimate of RMB2.07 billion, potentially disappointing investors who were anticipating stronger growth. The cautious guidance may have overshadowed the company's otherwise solid Q3 performance, leading to the pre-market selloff.