Here Group cuts revenue outlook as losses mount in Q3

Here Group (NASDAQ:HERE) reported unaudited financial results for the third quarter of fiscal year 2026, ending March 31, 2026, revealing a challenging period characterized by softening revenue and sustained operational losses.

The company, which specializes in the design and sale of collectible pop toys, posted quarterly revenue of RMB164.7 million.

The bottom-line results highlighted the company's ongoing struggle to achieve profitability, with a net loss of RMB34.1 million for the period.

Adjusted net loss, which excludes certain non-operating items, was RMB22.9 million.

These figures translated to a basic and diluted net loss of RMB0.21 per share.

Looking ahead, management has taken a more conservative stance on the company's growth trajectory.

Here Group provided revenue guidance for the fourth quarter in the range of RMB130 million to RMB140 million.

Furthermore, the company significantly lowered its full-year revenue guidance for fiscal 2026, reducing the outlook from a previous range of RMB750–800 million to RMB600–610 million.

Despite the downward revision in growth expectations, the company signaled a continued focus on shareholder returns.

Here Group reaffirmed its commitment to its share repurchase programs, which total US$20 million in aggregate value.