Quarterly ResultJun 5, 2026, 06:07 AM
Here Group Q3 FY26 Revenue $23.9M; Net Loss $4.9M; FY26 Guidance Cut
AI Summary
Here Group Limited announced its unaudited financial results for the third quarter of fiscal year 2026, reporting revenues of RMB164.7 million (US$23.9 million) and a net loss of RMB34.1 million (US$4.9 million). The company revised its full-year revenue guidance downwards to RMB600 million - RMB610 million. Additionally, Here Group announced a new share repurchase program of up to US$20.0 million for the upcoming year, following the completion of US$12.8 million in repurchases under its 2025 program.
Key Highlights
- Revenues for Q3 FY2026 were RMB164.7 million (US$23.9 million), a decrease from RMB177.3 million in Q2 FY2026.
- Net loss for Q3 FY2026 was RMB34.1 million (US$4.9 million), an increase from RMB25.4 million in Q2 FY2026.
- Adjusted net loss for Q3 FY2026 was RMB22.9 million (US$3.3 million), an increase from RMB16.1 million in Q2 FY2026.
- The Company has 20 IPs as of March 31, 2026, including 12 proprietary and 8 exclusive licensed IPs.
- Full-year FY2026 revenue guidance revised to RMB600 million - RMB610 million from RMB750 million - RMB800 million.
- Announced a new share repurchase program of up to US$20.0 million for the period July 1, 2026, to June 30, 2027.
- Under the 2025 Share Repurchase Program, 2.3 million ADSs were repurchased for US$12.8 million as of June 1, 2026.
Price Impact
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