MOGU Inc. (MOGU) Earnings
MOGU has beaten EPS estimates in 1 of its last 3 reported quarters (average surprise -5558.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 7, 2025 | — | $-0.30 | — | $5M | — |
| Jul 9, 2024 | — | $-0.19 | — | $5M | -21.2% |
| Mar 1, 2024 | — | $-0.19 | — | $5M | -20.1% |
| Dec 15, 2023 | — | $-0.28 | — | $6M | -17.0% |
| Jun 1, 2023 | — | $-0.28 | — | $6M | -16.7% |
| Mar 31, 2023 | — | $-1.02 | — | $9M | — |
| Jul 15, 2022 | — | $-2.13 | — | $13M | — |
| Dec 23, 2021 | $-0.00 | $-0.60 | -12638.9% | $12M | — |
| May 29, 2020 | $-11.16 | $-1.20 | +89.2% | $17M | +694.8% |
| Feb 25, 2019 | $-0.12 | $-4.92 | -4124.3% | $56M | -22.6% |
| Dec 6, 2018 | — | $-7.41 | — | $34M | — |
| Mar 31, 2018 | — | $-3.04 | — | $30M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2022 · August 27, 2021
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Successfully completed business transformation to a pure-play LVB e-commerce company in fiscal year 2021. - LVB business is the main growth driver going forward, with strong user retention rate and ARPU as validation. - Acquired Ruisha Technology, which has strategic significance for expanding and utilizing 2B service capabilities, diversifying revenue stream, and helping brands transition to online operations. - Continues to execute on business transformation towards LVB-focused model, optimizing customer acquisition costs and operating efficiency.
Guidance
- Board of Directors authorized a new share repurchase program to repurchase ADS with an aggregate value of up to $10 million within 12 months. - LVB business is the main growth driver, with Ruisha Technology representing continuous effort to expand 2B services. - Confident in long-term growth prospects despite near-term market challenges.
Segment performance
The large e-commerce business, specifically the live video broadcasting e-commerce (LVB) segment, continued steady growth. GMV from LVB increased by 14.7% year-over-year to RMB2.6 billion, contributing 8% of the total GMV. The acquisition of Ruisha Technology is strategically significant; Ruisha Technology's revenue has increased by 13.4 times in recent two years and serves various well-known brands across multiple industries.
Risks & headwinds
- Increasing competition environment impacting operating metrics such as user acquisition, user retention, and financials. - Challenging market environment may impact near-term performance.
Analyst Q&A
Q: Regarding the competitive landscape, how does the increasing competition environment impact operating metrics and the company's competitive strength?
A: Intensified competition leads to price competition and increasing user traffic costs. Competitive advantages include early start in LVB business with in-depth know-how, loyal users, and higher ARPU compared to other platforms.
Q: About the acquisition of Ruisha, how does Ruisha fit in the integration of supply chain and strengthen competitive edge?
A: Ruisha diversifies revenue stream by adding 2B income, helps service existing brands on MOGU's platform with private traffic development and cross-border business, and expands into more brands hard to acquire previously.
Q: Thoughts on antimonopoly regulation and its impact on MOGU?
A: Confident in Internet space, sees antimonopoly as beneficial for market openness, and MOGU has been complying with laws and regulations, expecting regulation to benefit the market and MOGU.
Q: Strategies to improve LVB business GMV growth slowing down?
A: Leverage competitive advantages via integrating more KOLs of different categories, expanding to new categories with higher gross profit margins, and attracting new users to live broadcasting shopping through cost-effective methods like working with other platforms.