China-based e-commerce firm JD.com Inc. (NASDAQ: JD) has reported a double-digit improve in income and adjusted web revenue for the fourth quarter of 2024.
Fourth-quarter earnings, adjusted for particular gadgets, elevated 40% year-over-year to $1.02 per ADS. On an unadjusted foundation, web revenue greater than doubled to $1.4 billion or $0.89 per ADS through the three months.
Driving the bottom-line progress, revenues elevated 13% yearly to $47.5 billion within the December quarter. Web Product Income and Web Service Income elevated by 14% and 11% respectively.
Ian Su Shan, CFO of JD.com, stated, “As we are confident to head towards our long-term profitability target, we are excited to announce an increased annual cash dividend for 2024 which, alongside our ongoing US$5.0 billion share repurchase program, further demonstrates JD’s commitment to shareholder return.”