JD.com Q2 net revenue increased by 1.2% year-on-year, adjusted EBITDA net profit increased by 30% exceeding expectations

On August 15, JD.com announced its second-quarter performance for 2024. The results are as follows:

• Net revenue for the second quarter was RMB 291.40 billion, an increase of 1.2% year-on-year, with an estimated RMB 290.51 billion.
• Adjusted earnings per ADS were RMB 9.36, compared to RMB 5.39 in the same period last year, with an estimated RMB 6.21.
• Adjusted EBITDA was RMB 13.53 billion, a 30% year-on-year increase, with an estimated RMB 11.69 billion.
• Adjusted operating profit margin was 4%, compared to 3% in the same period last year, with an estimated 3.43%.
• Adjusted EBITDA profit margin was 4.6%, compared to 3.6% in the same period last year.
• Operating expenses were RMB 17.2 billion, a 3% year-on-year increase, with an estimated RMB 17.27 billion