On December 11th, before the stock market opened, BOSS Zhipin released its Q3 2024 financial report. The financial report shows that the company's revenue, profit and other indicators have steadily increased. In the third quarter, the company achieved a revenue of 1.912 billion yuan, a year-on-year increase of 19%. During the reporting period, the company's net profit was 464 million yuan. Under non GAAP accounting standards, the company's adjusted operating profit reached 605 million yuan, with an adjusted operating profit margin exceeding 30%.
User growth is an important engine for company growth at present. In the first three quarters, the average monthly active user (MAU) scale of the company's App was 58 million, a year-on-year increase of 30%. From January to September 2024, the cumulative number of newly added and improved users exceeded 40 million. In the third quarter, the number of newly published positions on the platform increased by 18% year-on-year. As of September 30, 2024, the number of corporate customers paying to the company reached 6 million, a year-on-year increase of 22.4%.
Zhao Peng, founder, chairman, and CEO of BOSS Direct Hiring, said, "To achieve growth, it is necessary to continuously shape the company's core capabilities. When the environment is superior, this ability can be shaped. When the environment is difficult, this ability can also be shaped. As long as the original intention of 'serving users' remains unchanged, enterprises can survive and evolve at any time
It is worth mentioning that in March and August 2024, the BOSS board of directors approved two stock repurchase plans worth $200 million and $150 million, respectively. Since the release of the second quarter performance, the company has cumulatively repurchased nearly 130 million US dollars; In 2024, the cumulative repurchase amount is nearly 220 million US dollars, corresponding to 3.4% of the total share capital. The continuous repurchase action reflects the management's long-term confidence in the company's development.
In addition, relying on the efficient service model of "mobile+direct chat+intelligent matching", BOSS direct recruitment provides companies with faster and more effective responses in two aspects: "enterprise recruitment needs become positions published on the platform" and "positions published on the platform become effective candidate leads". Since the beginning of this year, the company has focused on retaining old users. In the third quarter, the number of newly published positions on the platform increased by 18% year-on-year. At the same time, the average monthly active users (MAU) of the BOSS direct recruitment app reached 58 million in the third quarter.