Stock Analysis

Dada Nexus Full Year 2023 Earnings: Misses Expectations

Simply Wall St

April 26, 2024

Dada Nexus (NASDAQ:DADA) Full Year 2023 Results

Key Financial Results

Revenue: CN¥10.5b (up 12% from FY 2022).
Net loss: CN¥1.96b (loss narrowed by 2.5% from FY 2022).
CN¥7.52 loss per share (improved from CN¥7.91 loss in FY 2022).

revenue-and-expenses-breakdown — NasdaqGS:DADA Revenue and Expenses Breakdown April 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dada Nexus Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 183%.

In the last 12 months, the only revenue segment was Business Services contributing CN¥10.5b. Notably, cost of sales worth CN¥6.53b amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥4.47b (75% of total expenses). Explore how DADA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Retailing industry in the US.

Performance of the American Consumer Retailing industry.

The company's shares are up 8.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Dada Nexus you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.