JD.Com's Q4 2023 Results Show Impressive Revenue and Earnings Growth
JD.Com Q4 2023 Results Analysis
JD.com Inc. (NASDAQ: JD) recently announced its fourth-quarter results, showcasing an impressive surge in both revenue and earnings. The company's adjusted profit increased by 10% annually to $0.75 per ADS, while the net profit grew by 12% to $477 million or $0.30 per ADS.
Fourth-quarter revenues reached $43.1 billion, displaying a 4% increase from the previous year. The performance of core categories like home appliances and electronics, along with the return of the general merchandise category to growth, contributed significantly to this positive outcome.
Key Highlights:
- Adjusted profit up 10% annually
- Net profit rose by 12%
- Fourth-quarter revenues increased by 4%
- Strong performance in core categories
- Commitment to returning value to shareholders
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