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Investing.com -- JD.com reported strong third-quarter results, posting earnings and revenue above expectations as both its core retail division delivered solid year-on-year growth.
Shares in the Chinese retail giant rose nearly 5% in U.S. premarket trading Thursday.
The company reported Q3 EPS of RMB3.73, well above the consensus estimate of RMB2.65.
Revenue for the quarter rose 14.9% from a year earlier to RMB299.1 billion, also ahead of the RMB294.54 billion consensus.
JD Retail, the group’s largest business, generated net revenues of RMB250.6 billion, an 11.4% increase from the same period in 2024.
Operating income for the segment climbed to RMB14.8 billion from RMB11.6 billion a year earlier, supported by steady marketplace activity and improved cost discipline. Operating margin widened to 5.9% from 5.2% last year.
“In the third quarter, we continued to see strong growth in both user base and shopping frequency, and the number of our annual active customers surpassed a new milestone of 700 million in October,” said Sandy Xu, CEO of JD.com.
“Our core JD Retail has built a growth matrix where multiple drivers complement each other. We are confident to further solidify our leading market position in electronics and home appliances despite the high trade-in base, and unlock vast growth potential in the general merchandise category and advertising services."