BlueCity Announces First Quarter 2021 Unaudited Financial Results
BlueCity Holdings Limited - American Depositary Shares (BLCT)
Company Research
Source: GlobeNewswire
-- 30.7% year-over-year revenue growth---- 47.8% year-over-year total paying user growth-- BEIJING, June 10, 2021 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (Nasdaq: BLCT), a leading online LGBTQ platform, today announced its unaudited financial results for the first quarter ended March 31, 2021. First Quarter 2021 Highlights Total revenues reached RMB271.1 million (US$41.4 million), an increase of 30.7% from the same period in 2020. Net loss was RMB52.1 million (US$7.9 million), compared with net loss of RMB7.6 million in the first quarter of 2020. Adjusted Net Loss1 (Non-GAAP) was RMB42.5 million (US$6.5 million), compared with adjusted net loss (non-GAAP) of RMB7.6 million in the first quarter of 2020.Monthly active users (“MAUs”) of BlueCity’s portfolio apps2 reached 8.3 million, an increase of 37.5% from the same period in 2020. Total paying users3 of BlueCity’s portfolio apps reached 640 thousand, an increase of 47.8% compared with 433 thous
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