MOGU Inc. Q4 FY2021 Earnings Call

· Earnings call transcript and AI-powered summary

MOGU Inc. - Fiscal Q4 and Full-Year 2021 Earnings Summary

  • Quarterly GMV (Gross Merchandise Volume): RMB2.576 billion, a 6.5% increase YoY.
  • Live Video Broadcasting (LVB) GMV: RMB2.245 billion, a 42% increase YoY, making up 87.2% of total GMV in Q4 FY2021.
  • Full-Year GMV: RMB13.86 billion, an 18.8% decline YoY, attributed to strategic business restructuring.
  • Total Revenue (Q4 FY2021): RMB90.9 million, down 23.6% YoY.
    • Commission revenue: RMB65.2 million, down 1.7% YoY.
    • Marketing services revenue: RMB11.9 million, down 34.5% YoY.
  • Total Revenue (FY2021): RMB182.4 million, a decrease of 42.3% YoY.
    • Commission revenue: RMB318.6 million, down 27.3% YoY.
    • Marketing services revenue: RMB71.3 million, down 70.6% YoY.
  • Operational Improvements:
    • Sales & Marketing expenses down 44.5% YoY in Q4, and 62.5% YoY for the full fiscal year.
    • R&D expenses down 40.3% in Q4 and 39.5% YoY for the full year.

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Operator: Ladies and gentlemen, thank you for standing by and welcome to the MOGU Fourth Quarter and Fiscal Year 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions]. I would now like to hand the conference over to your speaker today, Mr. Roger Hu [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 is available on the IR website at ir.mogu-inc.com as well as on the Businesswire Services. Before we begin, I'd like to remind you that this conference call contains forward-looking statements within the meaning of Section 21 E 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 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 these forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the company's

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