So-Young Earnings Reports

The company delivered solid growth in its branded aesthetic services, though overall profitability was impacted by declining revenues in other segments and increased operating expenses.

The company posted a net loss of $5 million on revenues of $52.9 million, with branded aesthetic centers surpassing all other segments in revenue contribution for the first time.

Despite a 6.6% drop in total revenue, So-Young's aesthetic treatment services revenue surged over 550% YoY, driven by its branded centers. Losses widened due to continued investment in expansion, but key operational metrics like verified visits and treatments saw exponential growth.

In Q4 2024, So-Young posted $50.6 million in revenue, down 5.5% year-over-year. The company incurred a net loss of $83.2 million, mainly due to a $74.0 million goodwill impairment. Non-GAAP net loss stood at $7.3 million. Aesthetic treatment service revenue surged over 700%, reflecting successful branded center expansion.