# Here Group posts 94% revenue growth despite Q4 loss

> Chinese toy maker Here Group nearly doubled sales but took a massive impairment charge that swung the quarter to a loss.
- Title: Here Group posts 94% revenue growth despite Q4 loss | Shortify
- Summary: Chinese toy maker Here Group nearly doubled sales but took a massive impairment charge that swung the quarter to a loss. Here Group's strong revenue growth…
- Keywords: here group limited, q4 2026 earnings, chinese toymaker, pop toys, wakuku brand, revenue growth, goodwill impairment, shenzhen, collectible toys, china retail, Here, Group
- Source: Alphastreet - Earnings Decoded. Market Intelligence Delivered — https://news.alphastreet.com/here-group-releases-q4-2026-financial-results
- Author: AlphaStreet Newsdesk
- Published: 2026-09-22T10:58:10+00:00
- Read time: 1 min
- Topics: here group limited, q4 2026 earnings, chinese toymaker, pop toys, wakuku brand, revenue growth, goodwill impairment, shenzhen, collectible toys, china retail
## Here Group misses profit in Q4
The Chinese pop toy designer reported a net loss of 169.6 million yuan for the quarter ending December 2026, with earnings per share of negative 0.24 yuan.
## Revenue nearly doubles year over year
Here Group posted quarterly revenue of 127.7 million yuan, up 94.1% from 65.8 million yuan in the same quarter last year, meeting analyst expectations.
## WAKUKU brand drives sales growth
The WAKUKU brand generated 47.7 million yuan in quarterly revenue, leading Here Group's portfolio as the company manages 22 total intellectual properties.
## Massive impairment charge tanks results
A goodwill impairment loss of 124.1 million yuan overshadowed the company's revenue momentum and drove the quarterly loss despite strong sales growth.

> The impairment charge contributed significantly to the quarterly loss despite strong sales growth in the company's core pop toy business.
## Analysts remain cautiously optimistic
Wall Street consensus shows 4 buy ratings, 1 hold rating, and 0 sell ratings on Here Group stock as the company works to return to profitability.
## Key takeaway

Here Group's strong revenue growth in pop toys is real, but a 124 million yuan goodwill impairment charge masked the underlying business momentum this quarter.