From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 1m 20s
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.
In brief
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 in pop toys is real, but a 124 million yuan goodwill impairment charge masked the underlying business momentum this quarter. Originally reported by Alphastreet…
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.
Here's the gist
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.
