Why Shares of Zhihu Fell Today
Shares of the Chinese online content company Zhihu (NYSE: ZH) fell more than 8% today after the company reported earnings results for the second quarter of the year earlier in the day.
Zhihu reported a net loss of $0.12 per American depositary share on total revenue of close to $125 million, with both numbers beating analyst estimates.
Also in the quarter, Zhihu grew its average monthly active users to 105.9 million, up about 12% year over year. Average monthly paying members grew to 8.5 million in Q2, up more than 78% year over year.
Source Fool.com
