MOGU Inc. Q4 FY2020 Earnings Call

· Earnings call transcript and AI-powered summary

Key Financial Highlights
  • GMV: Total GMV for fiscal year ended March 31, 2020 remained stable at RMB 17.1 billion, with LVB (Live Video Broadcasting) GMV growing 91.6% YoY to RMB 7.9 billion. LVB contributed 65.4% of total GMV in Q4 and 46.2% over the fiscal year.
  • Revenue: Q4 revenue came in at RMB 119 million, down 45.3% YoY. Full-year revenue was RMB 835.3 million, a decrease of 22.2% YoY.
  • Key Revenue Components:
    • Commission revenue: RMB 66 million for Q4, down due to COVID-19, but LVB-linked commissions grew.
    • Marketing services revenue: RMB 18.2 million for Q4, down due to marketplace slowdown.
    • Adjusted EBITDA: -RMB 320.1 million for FY2020.
    • Net loss attributable to shareholders: -RMB 2.22 billion in FY2020 (vs. -RMB 574.2 million in FY2019), mainly due to goodwill impairment (Meiliworks acquisition) and increased amortization from Tencent BCA.

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Operator: Ladies and gentlemen, thank you for standing by, and welcome to MOGU Fourth Quarter Fiscal Year 2020 Financial Results. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]. I would now like to turn the call over to Christian Arnell. Please go ahead. Christian Arnell: Thank you. Hello, everyone, and thank you for joining us today. MOGU's earnings release was distributed earlier today and is available at the IR website, ir.mogu-inc.com as well as through 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 and 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 and other risks, uncertainties or factors is included in the company's filings with U.S. Securities and Exchange Commission. The company does not underta

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