ATRenew Inc. Reports Unaudited Third Quarter 2024 Financial Results
ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares) (RERE)
Company Research
Source: PR Newswire
SHANGHAI, Nov. 20, 2024 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced its unaudited financial results for the three months ended September 30, 2024. Third Quarter 2024 HighlightsTotal net revenues grew by 24.4% to RMB4,051.2 million (US$577.3 million) from RMB3,256.8 million in the third quarter of 2023.Income from operations was RMB24.9 million (US$3.5 million), compared to a loss from operations of RMB28.1 million in the third quarter of 2023. Adjusted income from operations (non-GAAP)[1] was RMB104.0 million (US$14.8 million), compared to RMB73.8 million in the third quarter of 2023.Number of consumer products transacted[2] was 9.1 million compared to 8.2 million in the third quarter of 2023.Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "We are delighted to report that our total net revenues
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News
- ATRenew Inc (RERE) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- 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