(Corrects operating income in Key Details table to -RMB 1.1

bln, from RMB 14.80 bln)

Overview

* JD.com ( JD ) Q3 revenue rises 14.9% yr/yr to RMB299.1 bln

* Net income for Q3 2025 falls to RMB5.3 bln from RMB11.7

bln in

2024

* E-commerce company repurchased 80.9 mln shares for $1.5

bln

under share buyback program

Outlook

* Company did not provide specific guidance for future

quarters or

full year

Result Drivers

* USER BASE GROWTH - JD.com ( JD ) reported strong growth in user

base

and shopping frequency, surpassing 700 mln annual active

customers

* GENERAL MERCHANDISE AND ADVERTISING - Growth in general

merchandise and advertising revenues accelerated in Q3, driving

JD Retail revenue increase

* FOOD DELIVERY SYNERGIES - JD Food Delivery improved unit

economics and generated synergies with JD Retail, contributing

to user growth and shopping frequency

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 RMB

Revenue 299.10

bln

Q3 RMB 3.73

Adjusted

EPS

Q3 EPS RMB 3.39

Q3 RMB 5.80

Adjusted bln

Net

Income

Q3 Net RMB 5.30

Income bln

Q3 RMB 211

Adjusted mln

Operatin

g Income

Q3 -RMB 1.1

Operatin bln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy"

and

the breakdown of recommendations is 33 "strong buy" or "buy", 2

"hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the department

stores

peer group is "buy"

* Wall Street's median 12-month price target for JD.Com Inc ( JD )

is

$43.00, about 27.3% above its November 12 closing price of

$31.25

* The stock recently traded at 9 times the next 12-month

earnings

vs. a P/E of 9 three months ago

Press Release:

For questions concerning the data in this report, contact

[email protected]. For any other questions or feedback,

contact .

(This story was created using Reuters automation and AI based

on LSEG and company data. It was checked and edited by a Reuters

journalist prior to publication.)