MOGU - MOGU shares gain post Q4 result

MOGU (MOGU) +9.15% premarket, reports Live eCommerce GMV grew by 42% Y/Y and accounted for 87.2% of total GMV during Q4.Commission revenues decreased by 1.7%; Marketing services revenues decreased by 34.5%; Other revenues decreased by 60.2%.Chen Qi, Chairman and Chief Executive said, " Looking forward, we are confident on the growth of our overall user retention rate and ARPU, as MOGU live continues to be a key growth driver and the main revenue contributor.""Our Net Loss and adjusted EBITDA of fiscal year 2021 improved remarkably by 85.3% and 83.9% respectively. Net Loss decreased from negative RMB2,223.6 million to negative RMB328.0 million, and adjusted EBITDA decreased from negative RMB320.1 million to negative RMB51.5 million. This showcases the positive effect from our efforts to optimize customer acquisition and operating efficiency. " added by Mr. Raymond Huang, Chief Strategy Officer. " We will continue to execute on our disciplined strategy of investing in our growth and bringing new

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MOGU shares gain post Q4 result