Taiwan · Delayed Price · Currency is TWD momo.com Earnings Call Transcripts
Fiscal Year 2025
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2025 saw negative revenue growth amid tough competition, but active users and EPS grew. 3P and advertising segments drove GMV growth, with logistics and technology investments supporting future expansion. 2026 will focus on market share and profitability.
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Revenue for the first three quarters reached TWD 77 billion, with positive GMV growth and stable take rates despite intensified competition and a soft retail market. Investments in logistics, AI, and new business initiatives, including cross-border and subscription services, support long-term growth.
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Q2 revenue reached NT$26.03 billion with net profit of NT$652 million, as active users grew 5.1% year-over-year despite a weak retail market. 3P and Momo Shop Plus segments drove GMV growth, while logistics and sustainability initiatives improved efficiency and cost structure.
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Q1 2025 delivered modest revenue and stable GMV growth despite macro headwinds and subdued consumer sentiment. Investments in marketing and technology pressured margins, but user engagement and 3P business expansion remained strong.
Fiscal Year 2024
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Fourth quarter revenue reached a record TWD 33.48 billion, up 1.9% year-over-year, with e-commerce driving growth and improved margins. Strategic priorities for 2025 focus on GMV growth, especially in 3P, logistics integration, and ESG initiatives.
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Third quarter revenue rose 1.9% year-over-year to TWD 25.5 billion, with e-commerce up 2.6% and net income at TWD 666 million. Active users grew 10%, while investments in logistics and new initiatives continued amid a shifting retail landscape.
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Q2 revenue grew 1.7% year-over-year to TWD 26.7 billion, with e-commerce up 2.2% and media down 12%. Gross margin declined to 9.1% amid increased discounts, but operational efficiency supported EBITDA margin at 4.7%. Cautious optimism remains for H2 despite industry headwinds.