MOGU Reports 28.5% Half-Year Revenue Drop Amid Competitive E-commerce Market
MOGU sits 15% above its 52-week low of $1.83 on light trading volume (0.4× avg).
Summary
MOGU reported a significant 28.5% year-over-year decline in total revenues to RMB56.7 million for the six months ended March 31, 2026, with GMV also falling 15.6% due to intense e-commerce competition. While full-year revenues were down 11.2%, the company did narrow its operating loss to RMB40.2 million. A bright spot was the 228.9% increase in other revenues, driven by strong performance in its MCN business on external platforms. Management is focused on cost optimization and leveraging this MCN growth to further narrow losses.
At the time of this announcement, MOGU was trading at $2.11 on NYSE in the Technology sector, with a market capitalization of approximately $17.2M. The 52-week trading range was $1.83 to $8.10. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.