So-Young International Inc. (NASDAQ:SY) Reports Mixed Q2 2025 Earnings: Revenue Beat Overshadowed by Wider-Than-Expected Loss

So-Young International Inc. (NASDAQ:SY) reported its unaudited financial results for the second quarter of 2025, delivering mixed performance relative to analyst expectations. The company, which operates China’s leading medical aesthetic services platform, posted revenue of $379.5 million, slightly above the consensus estimate of $373.1 million. However, its earnings per share (EPS) came in at -$0.287, significantly worse than the anticipated -$0.111.

Key Financial Highlights vs. Estimates

• Revenue: Beat expectations by 1.7%, reflecting steady demand for the company’s online-to-offline aesthetic services.
• EPS: Missed estimates by 158%, indicating higher-than-expected costs or operational challenges.
• Pre-Market Reaction: Shares fell 6.2% following the earnings release, signaling investor disappointment with the wider-than-forecast loss.

Market Performance Context

The stock has shown mixed performance in recent weeks:

• Last Week: Flat (+0.2%)
• Last Two Weeks: Up 8.8%
• Last Month: Down 3.2%

The sharp pre-market decline suggests that despite the revenue beat, the EPS miss has overshadowed optimism, particularly as investors weigh profitability concerns.

Analyst Expectations for Future Quarters

Looking ahead, analysts project:

• Q3 2025 Revenue: $458.1 million (vs. $379.5 million in Q2)
• Q3 2025 EPS: $0.015 (a potential return to profitability)
• Full-Year 2025 Revenue: $1.61 billion
• Full-Year 2025 EPS: -$0.886

While the Q3 outlook suggests sequential improvement, the full-year EPS forecast remains in negative territory, raising questions about the company’s path to sustained profitability.

Press Release Summary

The earnings announcement emphasized So-Young’s position as China’s leading aesthetic treatment platform but did not provide explicit forward guidance. The lack of an outlook may contribute to investor uncertainty, particularly given the widening losses.

For a deeper dive into So-Young’s earnings history and future estimates, see the full earnings and estimates breakdown.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before making decisions.