15 years of year-end profits: Zhihu turned things around with web novels and cost-cutting.
```
On March 25, Zhihu handed in its final report card for fiscal year 2025.
According to the financial report, Zhihu’s revenue for the fourth quarter was 644 million yuan, and total revenue for 2025 reached 2.75 billion yuan; more critically, the company recorded a full-year adjusted net profit