Fashion platform operator MOGU's FY revenue falls
Fashion platform operator MOGU's FY revenue falls
Overview
China online fashion platform's FY 2026 revenue fell 11% yr/yr amid heightened competition
Company posted net profit after prior-year loss, while adjusted net loss narrowed
MCN business on external platforms drove new revenue growth despite overall revenue decline
Outlook
Company plans to focus on narrowing losses and exploring new business growth opportunities
MOGU intends to build on momentum from MCN operations on external platforms in the upcoming fiscal yr
Result Drivers
COMPETITION PRESSURE - Revenue and GMV declined due to heightened competition among major e-commerce platforms
MCN BUSINESS GROWTH - MCN operations on external platforms generated strong transaction volume and attracted new influencers
DECONSOLIDATION IMPACT - Technology service revenues fell sharply due to deconsolidation of Ruisha Technology
Company press release: ID:nBw481tnja
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| RMB 125.40 mln |
|
FY Adjusted Net Income |
| -RMB 72.10 mln |
|
FY Net Income |
| RMB 1.80 mln |
|
FY Adjusted EBITDA |
| -RMB 60.70 mln |
|
FY Operating Income |
| -RMB 72.20 mln |
|
Analyst Coverage
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago
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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.)