BlueCity Holdings (BLCT) Reports Q1 Revenues Miss

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BlueCity Announces First Quarter 2021 Unaudited Financial Results

June 10, 2021 5:00 AM EDT

-- 30.7% year-over-year revenue growth---- 47.8% year-over-year total paying user growth--

BEIJING, June 10, 2021 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (BlueCity or the Company) (Nasdaq: BLCT), a leading online LGBTQ platform, today announced its unaudited financial results for the first quarter ended March 31, 2021.

First Quarter 2021 Highlights

Total revenues reached RMB271.1 million (US$41.4 million), an increase of 30.7% from the same period in 2020. Net loss was RMB52.1 million (US$7.9 million), compared with net loss of RMB7.6 million in the first quarter of... More