Loading...
Loading...
- MOGU Inc MOGU reported a fourth-quarter FY21 revenue decline of 23.6% year-on-year to $13.9 million, missing the analyst consensus of $24.65 million.
- Revenue from Commission declined 1.7% Y/Y to $10 million, and Marketing services reduced 34.5% Y/Y to $1.8 million. The declines were due to the business restructuring towards a Live Video Broadcast (LVB)-focused model.
- Other revenues decreased 60.2% Y/Y to $2.1 million due to lower online direct sales.
- LVB business rose 42% Y/Y to $342.7 million, and the Gross Merchandise Value (GMV) rose 6.5% Y/Y to $393.2 million.
- Gross margin expanded 756 basis points to 58.3%, while the operating loss margin contracted 395 basis points to (121.4%).
- Adjusted net loss declined 79.3% Y/Y to $2.5 million, translating to EPS loss of $(0.01), or EPADS loss of $(0.25).
- Adjusted EBITDA loss margin contracted 4,810 basis points to 22.1%.
- MOGU held $122.6 million in cash and equivalents and used $7.6 million in operating cash flow.
- MOGU Chairman and CEO Chen Qi remain confident in the growth of its overall user retention rate and ARPU, as MOGU live continues to be a key growth driver and the main revenue contributor.
- Price action: MOGU shares traded higher by 5.88% at $1.62 in the premarket session on the last check Friday.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in