Momo.com (8454) Q1 2026 earnings summary

Executive summary

• Consolidated revenue reached TWD 26.59 billion in Q1 2026, driven by dual engine growth from 1P and 3P platforms.

• Core e-commerce GMV grew 5.3% year-on-year, with 3P GMV and advertising revenue sustaining double-digit growth.

• Net income attributable to owners was TWD 644 million, with EPS of TWD 2.43, both declining year-over-year.

• Multimedia/TV shopping business remained profitable and generated stable cash flows despite revenue pressure.

• Warehousing and logistics improvements led to nearly 90% next-day delivery coverage and higher in-house delivery ratios.

Financial highlights

• Operating profit was TWD 790 million, with prior year comparison affected by a one-off investment tax credit of TWD 218 million in Q1 2025.

• Gross margin from operations was 9.1%, slightly up from 8.9% in 1Q25.

• Net margin declined to 2.4% from 3.3% year-over-year.

• Net cash generated from operating activities rose to NTD 1,361.1 million from NTD 138.1 million in 1Q25.

• Cash and cash equivalents stood at TWD 3.22 billion as of March 31, 2026.

Outlook and guidance

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

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

• Focus on maintaining status as the most trusted e-commerce platform in Taiwan, leveraging logistics and AI-driven technology.

• Taiwan's e-commerce market penetration is projected to continue rising, with ample room for further growth.