Dada Nexus Third Quarter 2024 Earnings: CN¥0.76 loss per share (vs CN¥0.64 loss in 3Q 2023)

Dada Nexus (NASDAQ:DADA) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.43b (down 15% from 3Q 2023).
• Net loss: CN¥197.3m (loss widened by 19% from 3Q 2023).
• CN¥0.76 loss per share (further deteriorated from CN¥0.64 loss in 3Q 2023).

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

Dada Nexus Earnings Insights

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Retailing industry in the US.

Performance of the American Consumer Retailing industry.

The company's shares are down 19% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Dada Nexus you should know about.

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