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Dada Nexus Ltd (DADA) Q3 2024 Earnings Call Highlights: Strong Growth in Dada NOW and Strategic ... [Yahoo! Finance]

Dada Nexus Limited - American Depositary Shares (DADA) 
Company Research Source: Yahoo! Finance
Dada NOW Net Revenues: Increased by 39% year on year to RMB1.5 billion in the third quarter. Non-GAAP Net Loss: RMB59 million in the third quarter. Non-GAAP Net Loss Margin: 2.4%, narrowing by 3.7 percentage points sequentially. Operations and Support Costs: RMB1.7 billion in the third quarter. Selling and Marketing Expenses: Decreased to RMB717 million. General and Administrative Expenses: RMB108 million. Research and Development Expenses: RMB90 million. Number of Orders Delivered by Dada NOW: Increased by 36% year on year to 648 million. Gross Billings of Dada NOW: Grew by 33% year on year to RMB3.10 billion. Number of Operating Stores: Increased by over 70% year on year to more than 600,000 stores. Warning! GuruFocus has detected 4 Warning Signs with DADA. Release Date: November 14, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript JD NOW experienced over 100% year-on-year growth in monthly transactin Show less Read more
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