MOGU Inc. Q3 FY2021 Earnings Call

· Earnings call transcript and AI-powered summary

  • Company Milestone: MOGU marks its 10th anniversary, remaining committed to the mission of making fashion accessible to everyone.
  • Non-GAAP EBITDA: Positive for the first time, standing at RMB1.2 million, compared to a loss of RMB86.7 million in Q3 FY2020. This reflects efficiency gains and disciplined capital allocation.
  • Live Video Broadcasting (LVB) Performance:
    • LVB GMV increased 20.9% YoY to RMB4.05 billion.
    • LVB now represents 80.3% of total GMV, up from 55.6% YoY.
    • Active buyers for LVB grew 9.4% YoY to 3.5 million.
    • Top 2 KOLs each exceeded RMB100 million in sales during promotional events 11.11 and 12.12.
  • Total GMV: Decreased 19.9% YoY to RMB5.05 billion.
  • 12-Month GMV (as of December 31, 2020): RMB13.698 billion, down 25.1% YoY.
  • Total Revenue: RMB146.5 million, down 45.6% YoY from RMB269.5 million.
    • Commission Revenue: RMB99.2 million, down 29.8% YoY.
    • Marketing Services Revenue: RMB17.4 million, down 75.9% YoY.
  • Cost and Expenses:
    • Cost of Revenue: RMB51 million, down 48.3% YoY.

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Operator: Ladies and gentlemen, thank you for standing by, and welcome to MOGU's Third Quarter Fiscal Year 2021 Financial Results. [Operator Instructions] I would now like to hand the conference over to your speaker today. Mr. Roger Hughes [ph]. Thank you. Please go ahead, sir. Unidentified Company Representative: Thank you. Hello, everyone, and thank you for joining us today. MOGU's earnings release was distributed earlier today, and it's available on the IR website at ir.mogu-inc.com as well as on the Business Wire services. Before we begin, I'd like to remind you that this conference call contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon management's current expectations in the current market and operating conditions and relate to events that involve known or unknown risks, uncertainties or other factors, all of which are difficult to predict and many of which are beyond the company's control, which may cause the company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these risks and other risks, uncertainties or factors is included in the company's filings with the U.S. Securities and Exchange Commission. The company does not undertake any obligation to update any forward-looking stateme

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