Singapore's FingerMotion Q1 revenue plunges on lower telecom segment sales

FingerMotion

16/07/2026 14:17

Overview
Singapore mobile services firm's fiscal Q1 revenue fell 92% yr/yr on lower telecom segment sales
Gross profit rose 37% yr/yr as revenue mix and cost discipline improved
Loss per share narrowed to $0.03 from $0.04 a year earlier

Outlook
FingerMotion did not provide specific financial guidance for the current or upcoming periods in the press release

Result Drivers
TELECOM REVENUE DROP - Q1 revenue decline was mainly due to a 94% fall in Telecommunications Products & Services sales
IMPROVED REVENUE MIX - Gross profit and margin rose as lower-margin transaction revenue fell, leading to a more favorable revenue mix
COST DISCIPLINE - Company cited better cost discipline as a factor in improved gross profit and margin

Company press release: ID:nNFC3xYjgt

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
 
-$0.03

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)