Dada Nexus Ltd (DADA) Q3 2024 Earnings Call Highlights: Strong Growth in Dada NOW and Strategic ...
Total Net Revenues: RMB2.4 billion in the third quarter.JD NOW Net Revenues: RMB930 million in the third quarter.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.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.GuruFocus has detected 4 Warning Signs with DADA.Dada NOW's net revenues increased by 39% year-on-year to RMB1.5 billion, driven by strengthened partnerships with chain merchants.