So-Young Earnings Reports

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.