Momo.com (8454) Q3 2025 earnings summary

Executive summary

• Revenue for the first three quarters of 2025 was NT$76,991.9 million, down 2.6% year-over-year, with net profit at NT$2,071.4 million, an 11.7% decrease, but e-commerce penetration rose to 14.1% and GMV growth remained positive.

• Active user base grew 4.7% year-over-year for 1Q–3Q 2025, curated 3P merchants exceeded 8,000, and 3P order volume surged 114.4% year-over-year in Q3.

• Launched new initiatives such as moPlus Lite and a lightweight subscription plan to broaden member coverage and target value-seeking consumers.

• Maintained leading market position in Taiwan's e-commerce sector despite intensified competition and a soft retail market.

• Positive outlook for Q4, expecting strong GMV growth from Double 11/12 campaigns and government stimulus.

Financial highlights

• Q3 2025 revenue was NT$24,555.9 million, down 3.9% year-over-year; 9M25 revenue was NT$76,991.9 million, down from NT$79,087.8 million.

• Q3 2025 net profit attributable to owners was NT$558.8 million; 9M25 net profit was NT$2,070.3 million.

• Q3 2025 EPS was NT$2.11; 9M25 EPS was NT$7.81.

• Net cash from operating activities for 9M25 was NT$1,474.2 million; cash and cash equivalents at September 30, 2025 were NT$1,211.0 million.

• Total assets stood at NT$25,458.5 million, with equity attributable to owners at NT$8,780.6 million.

Outlook and guidance

• Anticipates robust Q4 performance driven by seasonal campaigns and government cash handouts, with continued focus on user experience, logistics optimization, and technology investment.

• Assessing impact of new IFRS standards effective in 2026 and 2027, with no material impact expected.

• GMV growth remains the main focus, with a strategy to balance growth and profitability.