Earnings release
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3 达达 集团 ( 达达 快 送 【 京东 到家 DADA GROUP Dada Announces Unaudited Third Quarter 2021 Financial Results November 23 , 2021 SHANGHAI , China , Nov. 23 , 2021 ( GLOBE NEWSWIRE ) -- Dada Nexus Limited ( NASDAQ : DADA , " Dada " or the " Company " ) , China's leading local on - demand delivery and retail platform , today announced its unaudited financial results for the third quarter ended September 30 , 2021 . Third Quarter 2021 Highlights • Total net revenues were RMB1,686.8 million . • Total Gross Merchandise Volume ( " GMV " ) of JDDJ for the twelve months ended September 30 , 2021 was RMB37.2 billion , an increase of 74.6 % year over year from RMB21.3 billion in the same period ended September 30 , 2020 . • Number of active consumers for the twelve months ended September 30 , 2021 was 57.1 million , as compared with 37.3 million in the same period ended September 30 , 2020 . " Dada has always been committed to driving digital transformation in the retail industry and providing consumers with superior experience to meet the evolving demands , " said Mr. Philip Kuai , Chairman and Chief Executive Officer of Dada . " We are excited to strengthen strategic cooperation with JD under the omni - channel strategy to explore the enormous potential in the on - demand retail industry . We will continuously work together to create more value for retailers , brands and consumers and serve the development of the real economy . " " We are delighted to deliver another strong quarter and believe the encouraging trend will continue based on the strengthened partnerships with retailers and brand owners , " said Beck Chen , Chief Financial Officer of Dada . " We are excited with accelerated total revenue growth year over year on a comparable basis1 and significant operating margin improvement . Driven by continuous expansion in partner and user base along with gains in operating efficiency , we remain confident on further revenue growth acceleration on a comparable basis¹ and margin improvement in the fourth quarter . " Third Quarter 2021 Financial Results Total net revenues were RMB1,686.8 million . Net Revenue Dada Now Services Sales of goods Subtotal JDDJ Services note ( 1 ) Total Note : For the three months ended September 30 , 2020 2021 ( RMB in thousands ) 704,961 14,034 718,995 582,507 1,301,502 592,508 21,781 614,289 1,072,490 1,686,779 ( 1 ) Includes net revenues from commission fee , and advertising and marketing services of RMB297,382 for the three months ended September 30 , 2020 and RMB643,704 for the three months ended September 30 , 2021 ; Fulfillment services and others of RMB285,125 and RMB428,786 for the three months ended September 30 , 2020 and 2021 , respectively . Net revenues generated from Dada Now were RMB614.3 million . The difference as compared to that of the third quarter of 2020 is mainly due to the fact that effective from April 2021 , the cost of riders for last - mile delivery services has been directly paid through third - party companies instead of through the Company . Thus the Company no longer recognizes rider - related revenue and rider - related costs in the income statement for the last - mile delivery services . Aligning the revenue of Dada Now last - mile delivery services to a comparable basis , revenue growth from Dada Now would have been 90.5 % year over year 1 , mainly driven by the increases in order volume of intra - city delivery service to chain merchants . Net revenues generated from JDDJ were RMB1,072.5 million . The difference as compared to that of the third quarter of 2020 is mainly due to the increase in GMV from the same quarter last year , which was driven by increases in the number of active consumers and average order size . The increase in online marketing services revenue as a result of the increasing promotional activities launched by brand owners also constituted an increment of the net revenues generated from JDDJ . Total costs and expenses were RMB2,282.3 million , compared with RMB1,758.1 million in the same quarter of 2020 .