Mogu full year revenue drops 11.2 percent
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- Mogu reported an 11.2% decline in total full-year revenues to RMB125.4 million due to heightened market competition.
- The company's net loss attributable expanded to RMB48.6 million for the final six months of the fiscal year.
- Management is pursuing ongoing expense optimization and resource reallocation strategies to mitigate top-line pressure.
MOGU (NYSE:MOGU) posted an 11.2% decline in fiscal year 2026 total revenues to RMB125.4 million due to heightened competition.
This revenue contraction follows a total revenue figure of RMB141.2 million reported during the prior fiscal year.
The decline was heavily impacted by a 47.4% drop in technology service revenues following the deconsolidation of Ruisha Technology.
To combat lower volumes, the company reduced its full-year sales and marketing expenses by 35.2% to RMB37.6 million.
In contrast, the company grew its other revenues by 248% to RMB25.8 million by expanding brand promotion services.
The company concluded the fiscal year with RMB295.6 million in total cash and short-term investments.
