MOGU Announces Fourth Quarter and Fiscal Year 2021 Unaudited Financial Results
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MOGU Inc. (MOGU) Reports Q4 Loss of $0.25, Revenues Miss
May 28, 2021 5:47 AM EDTMOGU Inc. (NYSE: MOGU) reported Q4 EPS of ($0.25). Revenue for the quarter came in at $13.9 million versus the consensus estimate of $48.99 million.
Fourth quarter Fiscal Year 2021 Financial Results
Total revenues decreased by 23.6% to RMB90.9 million (US$13.9 million) from RMB119.0 million during the same quarter of fiscal year 2020.Commission revenues decreased by 1.7% to RMB65.2 million (US$10.0 million) from RMB66.3 million in the same period of fiscal year 2020, primarily due to the restructuring of the Companys business towards an LVB-focused model.Marketing services revenuesdecreased by 34.5% to RMB11.9... More