{"id":822246,"date":"2025-03-05T17:19:07","date_gmt":"2025-03-05T22:19:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dada-announces-unaudited-fourth-quarter-and-fiscal-year-2024-financial-results\/"},"modified":"2025-03-05T17:19:07","modified_gmt":"2025-03-05T22:19:07","slug":"dada-announces-unaudited-fourth-quarter-and-fiscal-year-2024-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dada-announces-unaudited-fourth-quarter-and-fiscal-year-2024-financial-results\/","title":{"rendered":"Dada Announces Unaudited Fourth Quarter and Fiscal Year 2024 Financial Results"},"content":{"rendered":"
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SHANGHAI, China, March 05, 2025 (GLOBE NEWSWIRE) — Dada Nexus Limited (NASDAQ: DADA, \u201cDada\u201d, the \u201cCompany\u201d, or \u201cwe\u201d), China\u2019s leading local on-demand retail and delivery platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024.<\/p>\n

\n
\n Fourth Quarter 2024 Financial Results<\/u>
\n <\/strong>\n <\/p>\n

\n Total net revenues<\/strong> were RMB2,432.7 million in the fourth quarter of 2024, compared with RMB2,752.2 million in the same quarter of 2023.<\/p>\n

Beginning with the second quarter of 2024, the Company changed the presentation of disaggregated revenues to better reflect its lines of business. The table below sets forth the disaggregation of revenues for the three months ended December 31, 2024, with prior period financial results retrospectively recast to conform to current period presentation.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n For the three months ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n December 31, 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\n September 30, 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n December 31, 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n YoY%<\/strong>
\n
\n Change<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n (RMB in thousands,<\/strong>
\n except percentage data)<\/strong>\n <\/td>\n<\/tr>\n
\n Net revenues<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n JD NOW<\/strong>
\n
\n 1<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commission fee<\/td>\n\u00a0<\/td>\n436,646<\/td>\n\u00a0<\/td>\n331,719<\/td>\n\u00a0<\/td>\n296,785<\/td>\n\u00a0<\/td>\n(32.0<\/td>\n)%<\/td>\n<\/tr>\n
Online advertising and marketing services<\/td>\n\u00a0<\/td>\n425,264<\/td>\n\u00a0<\/td>\n66,392<\/td>\n\u00a0<\/td>\n48,680<\/td>\n\u00a0<\/td>\n(88.6<\/td>\n)%<\/td>\n<\/tr>\n
Fulfillment services and others<\/td>\n\u00a0<\/td>\n686,621<\/td>\n\u00a0<\/td>\n532,100<\/td>\n\u00a0<\/td>\n391,894<\/td>\n\u00a0<\/td>\n(42.9<\/td>\n)%<\/td>\n<\/tr>\n
\n Subtotal<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,548,531<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 930,211<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 737,359 <\/strong>\n <\/td>\n\u00a0<\/td>\n\n (52.4<\/strong>\n <\/td>\n\n )%<\/strong>\n <\/td>\n<\/tr>\n
\n Dada NOW<\/strong>
\n
\n 2<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intra-city delivery services<\/td>\n\u00a0<\/td>\n1,045,139<\/td>\n\u00a0<\/td>\n1,321,809<\/td>\n\u00a0<\/td>\n1,474,903<\/td>\n\u00a0<\/td>\n41.1<\/td>\n%<\/td>\n<\/tr>\n
Last-mile delivery services<\/td>\n\u00a0<\/td>\n135,810<\/td>\n\u00a0<\/td>\n129,222<\/td>\n\u00a0<\/td>\n152,307<\/td>\n\u00a0<\/td>\n12.1<\/td>\n%<\/td>\n<\/tr>\n
Others<\/td>\n\u00a0<\/td>\n22,709<\/td>\n\u00a0<\/td>\n48,197<\/td>\n\u00a0<\/td>\n68,110<\/td>\n\u00a0<\/td>\n199.9<\/td>\n%<\/td>\n<\/tr>\n
\n Subtotal<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,203,658<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,499,228 <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,695,320 <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 40.8<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\n Total<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2,752,189<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2,429,439 <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2,432,679 <\/strong>\n <\/td>\n\u00a0<\/td>\n\n (11.6<\/strong>\n <\/td>\n\n )%<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n