ATRenew Inc (RERE) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ... [Yahoo! Finance]
ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares) (RERE)
Company Research
Source: Yahoo! Finance
ATRenew Inc ( NYSE:RERE ) reported a total revenue of 4.05 billion for Q3 2024, marking a year-over-year growth of 24.4%. The company's core recycling business revenue in mainland China increased by over 30% year-over-year, significantly outpacing the overall market growth. ATRenew Inc ( NYSE:RERE ) achieved its first GAAP operating income of 24.9 million, indicating improved profitability. The multicategory recycling business saw a 270% year-over-year increase in transaction value, contributing significantly to service revenue. The company plans to accelerate store openings in the next 2 to 3 years to meet growing demand and enhance brand awareness. Despite growth, the company's fulfillment expenses increased by 20.7%, impacting overall profitability. Selling and marketing expenses rose by 5.3%, driven by higher advertising and promotional costs. General and administrative expenses, excluding certain costs, increased by 9.5%, primarily due to personnel and office-relat
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RERE
News
- ATRenew Inc. Reports Unaudited Third Quarter 2024 Financial ResultsPR Newswire
- TIME100 Climate 2024: Kerry Chen [Yahoo! Finance]Yahoo! Finance
- ATRenew to Report Third Quarter 2024 Financial Results on November 20, 2024PR Newswire
- Market Sentiment Around Loss-Making ATRenew Inc. (NYSE:RERE) [Yahoo! Finance]Yahoo! Finance
- China's plan to boost consumption by encouraging trade-ins has yet to show results [CNBC]CNBC
RERE
Sec Filings
- 11/20/24 - Form 6-K
- 11/7/24 - Form SC
- RERE's page on the SEC website