Kanzhun ADS fall as market weighs Q4 results, cautious Q1 revenue guide
Kanzhun (BZ) is sliding as investors continue to digest its March 18, 2026 Q4 and full-year 2025 report, where the stock fell despite profit growth. The company guided Q1 2026 revenue to RMB 2.05–2.085 billion and reiterated a larger $400 million repurchase authorization through August 28, 2027, but sentiment remains cautious on near-term growth pace.
1. What’s moving the stock
Kanzhun Limited’s American depositary shares (BZ) are down about 3% in U.S. trading as the market continues to reprice the name after its March 18, 2026 earnings release. The results included solid profit performance for full-year 2025, but the shares initially traded lower after the report, putting the focus on whether hiring demand and revenue growth are stabilizing fast enough into 2026.
2. The key numbers investors are focused on
In its March 18 update, Kanzhun posted adjusted net income of $515.1 million for full-year 2025, up 32.9% year over year, while also issuing first-quarter 2026 revenue guidance of RMB 2.05 billion to RMB 2.085 billion. With the stock still trending lower in the sessions following the print, today’s move reflects continued scrutiny of the near-term revenue trajectory versus what bulls had been pricing in coming into the quarter.
3. Capital returns: buyback and dividend aren’t stopping the selloff
Kanzhun has paired earnings with shareholder-return actions, including an expanded repurchase authorization. On March 18, 2026, the board approved amendments that increased total share repurchase authorization to up to $400 million and extended the program through August 28, 2027; investors are weighing how much that support matters if growth expectations reset lower.