
JD.com reported a 47.8% jump in its third-quarter profit, with revenue growth accelerating to 5.1% year-over-year and an operating margin increasing to 4.6% from 3.8% in the same period last year. The CEO stated, "We saw an uptick in our topline growth, as well as healthy profitability in the third quarter, as overall consumer sentiment continued to brighten." The company beat on adjusted net income and adjusted EPS, and announced a new $5 billion buyback program, having already purchased 8.1% or 127 million ADRs year-to-date. JD.com's last twelve months free cash flow was RMB 34 billion compared to RMB 39 billion in the same period last year, a decrease due to increased investments. The company also expressed confidence in achieving double-digit growth in non-GAAP net profit for the full year 2024. Despite the profit increase, JD.com missed revenue estimates, reflecting lingering weakness in Chinese consumer spending. The company's stock fell more than 6.5% after the Q3 results.










