China's Waterdrop Q1 revenue surges on insurance income growth

Waterdrop

16/06/2026 11:14

Overview
China insurance and healthcare tech platform's Q1 net operating revenue rose 64.8% yr/yr
Adjusted net profit for Q1 declined yr/yr
Company repurchased 61.8 mln ADSs for about $120.1 mln as of May 31, 2026

Outlook
Company did not provide specific financial guidance for future quarters or the full year in the press release

Result Drivers
INSURANCE TECHNICAL SERVICE INCOME - Co said insurance-related income, mainly from technical service income, drove revenue growth, rising 74.1% yr/yr
HIGHER MARKETING SPEND - Sales and marketing expenses rose 213.8% yr/yr, mainly due to increased spending on third-party traffic channels

Company press release: ID:nPn7WSCWha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Operating Revenue
 
RMB 1.24 bln
 
Q1 EPS
 
RMB 0.03
 
Q1 Adjusted Net Income
 
RMB 106.30 mln
 
Q1 Net Income
 
RMB 98.40 mln
 
Q1 Operating Income
 
RMB 79.95 mln

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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.)