Dingdong (DDL) has released an update.
Dingdong (Cayman) Limited, a prominent fresh grocery e-commerce company in China, reported a remarkable financial performance for the third quarter of 2024, with its GMV surging by 28.3% year-over-year to RMB7,267.0 million and net income skyrocketing by 6,240.6%. The company also achieved a record non-GAAP net income of RMB161.6 million, marking its eighth consecutive quarter of profitability, driven by increased transacting users and expanded station networks.
For further insights into DDL stock, check out TipRanks’ Stock Analysis page.
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