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JD.com Q3 revenue rises 5.1%

In the third quarter of this year, JD.com announced a rise in net revenues to 260.4 billion yuan (US$137.1 billion).

This marks a 5.1% increase compared to the same quarter in 2023.

The company’s operating income reached 12 billion yuan (US$1.7 billion), reflecting a 29.5% growth from the previous year.

Net income attributable to ordinary shareholders was 11.7 billion yuan (US$1.7 billion), which is up 47.8% from the third quarter of last year.

Recent JD.com developments

Timeline
21-May-2024 📈 JD.com eyes $1.5b in senior notes offering
  • JD.com plans to raise $1.5B via convertible notes
  • Stock drops 3.5% post-announcement despite growth
16-May-2024 📈 JD.com’s revenue growth steady as income from operations rises
  • Q1 revenue hit $36B, up 7% YoY
  • Operating income rose 20% to $1.1B
06-Mar-2024 💹 JD.com announces share repurchase program as 2023 revenue climbs
  • JD.com Q4 revenue up 3.6% to $43B.
  • New $3B share repurchase program approved.
12-Dec-2023 📉 JD.com founder Richard Liu calls for internal changes as issues persist
  • Richard Liu calls for JD.com operational review
  • Concerns raised over merchant support and pricing
15-Nov-2023 📈 JD.com posts minimal revenue gains in Q3, misses estimates
  • JD.com revenue grows 1.7% to $34B in Q3
  • Logistics revenue rises 16.5%; most profitable quarter

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