JD.com posts Q4 revenue miss despite 1.5% RMB growth, as heavy investment in new businesses and food delivery drives losses while user base and services surge.
JD.com, Inc. is deeply undervalued, trading at a 0.20x Price/Sales multiple and below intrinsic value despite strong fundamentals. JD's heavy investment in food delivery has temporarily depressed earnings, but management expects spending to peak in 2025 and decline in 2026. Core retail remains profitable with a 4.6% operating margin, robust cash reserves ($32B), and aggressive capital returns via buybacks and new dividends.
JD.com, Inc. (JD) Q4 2025 Earnings Call Transcript
JD.com Inc (NASDAQ:JD) has reported its first quarterly loss since early 2022, as the Beijing-based e-commerce giant faced continued pressure from an aggressive food-delivery subsidy war in China. The company posted a fourth quarter net loss of 2.71 billion yuan (US$392.9 million), compared with net income of 9.85 billion yuan a year earlier.
Chinese e-commerce powerhouse, JD.com, seems to be getting priced out of existence, with shares down 75% over the past five years. Contrary to the sentiment, JD is still reporting strength in its core unit and remains a staple Beijing-based business. The broader analyst community is strongly bullish, with neutral ratings slim to non-existent.
JD.com posted its first quarterly loss in more than three years as the food-delivery subsidy war in China continued to take a toll on the e-commerce giant.
China's JD.com missed market estimates for quarterly revenue on Thursday, in a sign that stiff competition and waning benefits from government subsidies were eating into demand at the e-commerce giant.
JD.com's Q4 results may reflect strong retail and marketplace momentum, though higher marketing and fulfillment costs from food delivery could weigh on margins.
The founder of Chinese e-commerce giant JD.com , Richard Liu, has launched an independent yacht brand, Sea Expandary, aiming to build "100% green" yachts that will be affordable for ordinary households.
JD.com, Inc. (JD) reached $27.51 at the closing of the latest trading day, reflecting a +1.03% change compared to its last close.
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JD.com, Inc. (JD) closed the most recent trading day at $27.52, moving 2.65% from the previous trading session.