The third quarter of the mushroom street received a net loss of $3.67 billion, a year-on-year reduction of $41.6 million.

[TechWeb] February 25th news, Mushroom Street announced today the third quarter of the 2019 fiscal year (October 1, 2018 - December 31, 1818) unaudited financial report, data show that Mushroom Street third Revenue reached RMB 367.2 million in the quarter, up 20.3% year-on-year; net loss for the quarter narrowed to RMB 42.16 million from RMB 156.1 million in the same period of last fiscal year; Mushroom Street Platform for the 12 months ended December 31, 2018 GMV was 16.978 billion yuan, a year-on-year increase of 21.5%.


As of US stocks closing on February 22, Mushroom Street shares closed at $ 15.8, and the current total market value is about 1.689 billion US dollars.

According to the data, the total revenue of Mushroom Street in the quarter was up by 20.3% compared with the total revenue of 305 million yuan in the same period of 2018, an increase of 57.2% from the previous quarter. Among them, commission income was 175.6 million yuan, up 34.7% year-on-year; marketing service income decreased 9.6% to 131.4 million yuan from 145.4 million yuan in the same period of 2018.

Meanwhile, for the 12-month period ended Dec. 31, 2018, Mogujie's platform GMV was 16.978 billion yuan, up 21.5 percent year-on-year. Mogujie's broadcast business grew 177.8 percent in GMV in the quarter from a year earlier, and Mogujie's mobile MAU grew 43.6 percent in the 12 months to December 31, 2018.

In addition, the financial report data also showed that the total cost and cost of Mushroom Street this quarter was 464.9 million yuan, a decrease of 8.4% compared with the 507.6 million in the same period of 2018. Operating losses from the 2020 million in the same period of the 2018 fiscal year, narrowed to 97.71 million yuan this quarter.

Mushroom Street third quarter revenue 3.67 billion yuan net loss year-on-year narrowing 4216 million

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