In Q1, So-Young International Reported Average Mobile MAUs of 2.0M Vs 3.4M YoY
Portfolio Pulse from Benzinga Newsdesk
So-Young International reported a significant decline in key metrics for Q1 2024 compared to the same period last year. Average mobile MAUs dropped to 2.0 million from 3.4 million, and the number of medical service providers subscribing to its platform decreased to 1,160 from 1,419. The total number of purchasing users through reservation services was 132.8 thousand, with an aggregate transaction value of RMB367.1 million.
May 28, 2024 | 9:39 am
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So-Young International reported a significant decline in key metrics for Q1 2024 compared to the same period last year. Average mobile MAUs dropped to 2.0 million from 3.4 million, and the number of medical service providers subscribing to its platform decreased to 1,160 from 1,419. The total number of purchasing users through reservation services was 132.8 thousand, with an aggregate transaction value of RMB367.1 million.
The significant decline in key operational metrics such as mobile MAUs and the number of subscribing medical service providers indicates potential challenges in user engagement and platform attractiveness. This is likely to negatively impact investor sentiment and the stock price in the short term.
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