JD.com‘s adjusted EBITDA, a non-GAAP measure, spiked 95% year on year to 11.5 billion yuan (US$1.6 billion).
The Chinese ecommerce firm also logged US$34.2 billion in net revenue in the third quarter of 2022, marking a year-on-year uptick of 11%.
Photo credit: Daniel Cukier
The Chinese ecommerce titan’s retail business contributed roughly US$29.8 billion to the firm’s topline – an almost 7% improvement from a year ago.
JD.com’s net income attributable to ordinary shareholders swung to the green in the quarter, standing at US$839 million versus the US$394 million net loss it booked last year.
Meanwhile, the Beijing-headquartered firm said operating cash flow for the 12 months ended September 2022 saw minimal gains, going up to US$6.4 billion from US$5.8 billion a year earlier.
The number of annual active JD.com customers jumped 6.5% to 588.3 million in the 12 months ended in September 2022.
“Our pre-emptive efforts earlier this year to promote operating efficiency and financial discipline have proven timely and effective given the ongoing external challenges,” said Lei Xu, CEO of JD.com.
See Also: Alibaba U-turns on Jack Ma’s prophecy
Currency converted from yuan to US dollar: US$1 = 7.12 yuan.
Editing by Arpit Nayak
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