Here (HERE) Reports Q4 2026 Earnings with Strong Revenue Growth
On September 22, 2026, Here Group reported its fourth-quarter and full-year fiscal results for 2026. The company achieved a revenue of CNY 127.7 million in Q4, representing a year-over-year increase of 94.1%. For the entire fiscal year, total revenues reached CNY 596.8 million. This marked Here's first full fiscal year focused exclusively on its pop toy business. The CEO emphasized strategic shifts aimed at strengthening brand identity and customer loyalty by moving away from reliance on third-party distribution channels toward a direct-to-consumer (D2C) model. The new strategy integrates proprietary intellectual property, adaptive product design, and D2C sales to create a closed-loop system that enhances control over market entry timing and user experience. The company also highlighted the importance of innovation in maintaining long-term value for shareholders. Management stated that their capital allocation is now focused on optimizing unit economics within this new framework.
