Dada Nexus
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Dada Nexus (DADA) investor relations material

Dada Nexus has been acquired by JD.com Inc

Dada Nexus Q4 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Dada Nexus Limited
Q4 2024 earnings summary4 Mar, 2025

Executive summary

  • Q4 2024 net revenues declined 11.6% year-over-year to RMB2,432.7 million, with full-year 2024 revenues down 8.0% to RMB9,663.8 million.

  • Dada NOW segment saw strong growth, offsetting declines in JD NOW, which faced lower advertising and fulfillment revenues.

  • Significant impairment loss of intangible assets (RMB1,058.7 million) recorded in Q4 2024, impacting annual results.

  • Non-GAAP net loss narrowed both in Q4 and for the full year, reflecting improved cost control.

Financial highlights

  • Q4 2024 net loss was RMB1,227.0 million, compared to RMB1,282.4 million in Q4 2023; non-GAAP net loss was RMB29.0 million, down from RMB159.1 million.

  • FY 2024 net loss was RMB2,038.5 million, up from RMB1,957.5 million in 2023; non-GAAP net loss was RMB425.5 million, up from RMB341.8 million.

  • Q4 2024 basic and diluted net loss per share was RMB1.18; non-GAAP per share loss was RMB0.03.

  • FY 2024 basic and diluted net loss per share was RMB1.95; non-GAAP per share loss was RMB0.41.

  • Gross billings for on-demand delivery services rose to RMB12,142.1 million in 2024 from RMB9,883.2 million in 2023.

Segment performance

  • JD NOW revenues fell 52.4% year-over-year in Q4 2024 and 40.6% for the full year, mainly due to declines in advertising and fulfillment.

  • Dada NOW revenues grew 40.8% in Q4 2024 and 44.6% for the year, driven by higher intra-city delivery order volumes.

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Frequently asked questions

Dada Nexus Limited is a China-based company specializing in local on-demand retail and delivery services. It operates two main platforms: JD-Daojia (JDDJ), a significant local on-demand retail platform for consumers, retailers, and brand owners, and Dada Now, which provides intra-city and last-mile delivery services to a wide range of merchants and individual senders. These platforms are interconnected, enhancing the delivery experience for JDDJ's participants while boosting order volume for Dada Now. The company was incorporated in 2014 and primarily serves the domestic Chinese market. Dada Nexus Limited is headquartered in Shanghai, and its shares are listed on the NASDAQ.