BZ 3Q24 Results: FY25 Outlook Remains Intact
What’s new: BZ’s reported 3Q24 revs that were largely in-line with consensus and our expectations. Guidance implies that online recruitment demand remains challenging in 4Q24. While upside to FY25 revs would be dependent on incremental policy rollouts, margin would further improve as BZ remains disciplined in its spending. We maintain our PT at USD20.Analysts:
Jin Yoon
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