JD.com's Q1 Earnings: Revenue And EPS Beat, Adj. EBITDA Growth, CEO Credits Focus on User Experience And More
Portfolio Pulse from Anusuya Lahiri
JD.com reported strong Q1 2024 earnings, with revenue and EPS beating analyst estimates. Revenue grew by 7% YoY to $36.02 billion, and adjusted net income per ADS was $0.78. The stock price gained after the results. JD's net product and service revenues increased, while marketing expenses rose due to promotional activities. Operating and adjusted EBITDA margins improved. CEO Sandy Xu credited the focus on user experience for the growth in active users and engagement. JD.com stock has lost over 11% in the last 12 months. Investors can gain exposure via Invesco Golden Dragon China ETF and Global X E-Commerce ETF.
May 16, 2024 | 11:28 am
News sentiment analysis
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POSITIVE IMPACT
Global X E-Commerce ETF, which includes JD.com, may see a positive impact due to JD.com's strong Q1 2024 earnings and subsequent stock price gain.
JD.com's strong earnings and stock price gain are likely to positively impact the Global X E-Commerce ETF, which includes JD.com in its holdings.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
JD.com reported strong Q1 2024 earnings, beating revenue and EPS estimates. Revenue grew by 7% YoY to $36.02 billion, and adjusted net income per ADS was $0.78. The stock price gained 4.43% in premarket trading.
JD.com reported better-than-expected revenue and EPS, leading to a positive market reaction with a 4.43% gain in premarket trading. The company's focus on user experience and growth in active users also contributed to the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Invesco Golden Dragon China ETF, which includes JD.com, may see a positive impact due to JD.com's strong Q1 2024 earnings and subsequent stock price gain.
JD.com's strong earnings and stock price gain are likely to positively impact the Invesco Golden Dragon China ETF, which includes JD.com in its holdings.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50