US Stock Market Move | First annual profit under GAAP achieved for the first time Dingdong (Cayman) Ltd. Sponsored ADR Class A(DDL.US) rose more than 5% before the market opened.

On Thursday, Dingdong (Cayman) Ltd. Sponsored ADR Class A (DDL.US) stock rose over 5% in pre-market trading, reaching $3.32. According to the financial report, in 2024, Dingdong (Cayman) Ltd. Sponsored ADR Class A achieved a GMV of 255.6 billion yuan, an increase of 16.3% year-on-year; revenue reached 23.07 billion yuan, an increase of 15.5% year-on-year. Under the Non-GAAP standard, the net profit was 4.2 billion yuan, an increase of over 8 times year-on-year. It is worth mentioning that the company also achieved profitability for the first time under the GAAP standard for the full year. In 2024Q4, Dingdong (Cayman) Ltd. Sponsored ADR Class A achieved a GMV of 65.5 billion yuan, an increase of 18.4% year-on-year; revenue was 59.1 billion yuan, an 18.3% increase year-on-year. Under the Non-GAAP standard, the net profit for the quarter was 1.2 billion yuan, an increase of over 6 times year-on-year; under the GAAP standard, a net profit of 0.9 billion yuan was achieved, with a net profit margin of 1.6%. In addition, Dingdong (Cayman) Ltd. Sponsored ADR Class A announced that the board of directors has authorized a share repurchase plan. According to the plan, the company can repurchase up to $20 million worth of shares before March 5, 2026.