Mogu swings to FY26 net income of RMB 3.22 million; FY26 revenue falls 11.2% to RMB 125.43 million
MOGU•Technology services revenue declines
Technology services revenue slid 47.4% to RMB 26.9 million due to Ruisha Technology’s deconsolidation from Aug. 31, 2025.
Mogu returns to profit in fiscal 2026
Mogu posted net income of RMB 3.2 million for fiscal 2026, returning to profit from a net loss a year earlier.
Revenue fell 11.2% to RMB 125.4 million, driven by an 11.8% drop in commission revenue to RMB 65.8 million.
Costs decline but operating loss remains
Operating loss narrowed to RMB 72.2 million from RMB 101.1 million as total costs and expenses fell 17% to RMB 205.5 million.
Live video broadcasting activity weakens
GMV tied to live video broadcasting was RMB 3.5 billion; active LVB buyers dropped to 600,000 from 900,000.
