DADA.US (DADA.US) announced results for the first quarter of 2024.
Zhitong Finance App learned that on May 16, DADA.US (DADA.US) announced the results for the first quarter of 2024. In the first quarter, Dada Group's total revenue was 2.5 billion yuan, down 3% year on year. Among them, Dada Express's revenue was 1.2 billion yuan, up 57% year on year. The growth rate hit a record high of the past 8 quarters; loss per share was 0.18 yuan.
In the first quarter, the average number of monthly order users and order volume on the JD app site both achieved a year-on-year increase of more than 70%, and the growth rate further increased to more than 100% year-on-year in April.
In the first quarter, GMV from the JD app site increased by more than 30% year over year. Among them, GMV from the Fast Delivery Channel increased by more than 200% year over year. In March, the monthly repurchase rate of JD App users increased by more than 30% year-on-year.
As of press release, Dada Group fell 4.48% to $1.92 in the premarket.