JD.com announces mixed Q4 2021 results, shares tank 10%

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JD.com Inc. (NASDAQ: JD) shares are down 10% after the company announced its Q4 and FY2021 unaudited financial results. The company topped earnings estimates but missed revenue estimates.

Q4 2021 earnings top estimates revenue comes short

President Lei Xu said:

JD.com maintained a healthy growth momentum and contributed to the high-quality expansion of China’s consumption amid a dynamic external environment. This was driven by our resilient business model as a new type of real economy based enterprise and persistent focus on serving users and supporting business partners.

In the fourth quarter, the company reported revenue of $43.3 billion, a 23% YoY increase but marginally missed estimates of $43.35 billion. Net service revenues increased 28.3% Yoy to $6.5 billion. The company reported a non-GAAP diluted net income of $0.35 per share compared to analysts’ $0.24 per share projection. Diluted net loss per ADS was $0.52 in the fourth quarter. Lei added:

JD’s open ecosystem and supply chain capabilities created exceptional value for business partners by enabling high-efficiency operations and continued growth. Looking ahead, our focus on bringing value to users and partners will continue to guide our long-term development and investment priorities.

JD.com reported 27.6% growth in revenue in FY2021

The company reported net revenues of $149.3 billion for the full year, a YoY increase of 27.6%, with net service revenues increasing 44.7% to $21.3 million. The company had a diluted net loss per ADS of $0.36 and a non-GAAP net income of $1.69 per ADS for fiscal 2021. JD.com’s CFO, Sandy Xu, said:

We are pleased to finish the year with a set of strong results on both the top and bottom lines as we continued to execute and deliver on our strategic priorities. During the quarter, we further optimized our operational efficiency through technology and innovation, increasing our competitiveness as well as our ability to support our business partners. In 2022, we will continue to execute our business strategies and focus on sustainable high-quality growth across all of our business lines.

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