Momo.com (8454) Q1 2026 earnings summary

Executive summary

• Consolidated revenue for Q1 2026 was TWD 26.59 billion, up slightly year-on-year, driven by dual engine 1P and 3P strategy and core e-commerce GMV growth of 5.3%.

• 3P segment and advertising revenue achieved double-digit year-on-year growth, supported by merchant expansion and enhanced monetization.

• Take rate remained stable at 13.3%, with gross margin at 9.1% and operating margin at 3.0%.

• Net income attributable to owners was TWD 644 million; EPS was TWD 2.43, both down from the prior year.

• Strong liquidity with TWD 3.22 billion in cash and equivalents as of March 31, 2026.

Financial highlights

• Operating profit for Q1 2026 was TWD 790 million, nearly flat year-on-year; EBITDA was TWD 1.04 billion.

• Net cash generated from operating activities rose to TWD 1.36 billion from TWD 138 million in Q1 2025.

• TV shopping/multimedia business remained profitable and cash flow positive despite revenue pressure.

• One-off investment tax credit of TWD 218 million in Q1 2025 impacted year-on-year comparison.

Outlook and guidance

• Strategic target to expand GMV market share, aiming for 3P GMV to surpass 25% of total GMV in three years.

• Ongoing investments in logistics, automation, and service differentiation to sustain competitive advantages.

• Assessing impact of new IFRS standards, including IFRS 18, for future reporting.