Here Group Ltd (NAS:HERE)

Q3 2026 Here Group Ltd Earnings Call Transcript

Jun 5, 2026 / 11:00 AM GMT

Release Date Price: $1.78 (-24.89%)

Transcript

Key Points

Positve

Here Group Ltd (HERE) achieved RMB165 million in revenue for the quarter, exceeding the high end of their guidance.
The company reported a gross margin improvement to 34.5% from 31% in the previous quarter, reflecting effective cost management.
Wakuku, the flagship IP, contributed RMB102 million in revenue, accounting for 52.2% of total revenue.
The company is expanding its offline presence with seven D2C brand stores and 15 RoboShops, enhancing brand reach and user interaction.
Here Group Ltd (HERE) is focusing on long-term IP development, with a diversified portfolio of 20 IPs, including 12 proprietary and 8 exclusive licensed IPs.

Negative

Total revenue decreased from the previous quarter's RMB177.3 million, indicating a decline in sales.
The company reported a net loss of RMB34.1 million, an increase from RMB25.4 million in the previous quarter.
Sales and marketing expenses increased to 35% of total revenue from 29.6% in the previous quarter, impacting profitability.
The market environment remains challenging, with a cooling down in the pop toy industry due to rapid supply chain growth.
Here Group Ltd (HERE) revised its fiscal year 2026 revenue guidance to a range of RMB600 million to RMB610 million, reflecting near-term market challenges.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HERE.OQ - Here Group Ltd
Q3 2026 Here Group Ltd Earnings Call
Jun 05, 2026 / 11:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning and good evening, ladies and gentlemen.

Thank you for standing by and welcome to HERE's earnings conference call.

At this time, all participants are in a listen-only mode.

We will be hosting a question-and-answer session after management's prepared remarks.

Please note that today's event is being recorded.

I will now turn the conference over to Ms. Tina Tang, the company's manager of investor relations. Please go ahead, ma'am.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thank you. Hello, everyone, and welcome to here's earnings

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.