Earnings report

ATRenew reported strong Q3 2024 financial results with total net revenues growing 24.4% year-over-year to RMB4,051.2 million. The company achieved positive income from operations of RMB24.9 million, compared to a loss in Q3 2023. Net product revenues increased by 25.6% to RMB3,672.2 million, while net service revenues grew 13.9% to RMB379.0 million. The number of consumer products transacted reached 9.1 million. The company's adjusted income from operations exceeded RMB100 million for the first time, reaching RMB104.0 million. For Q4 2024, ATRenew expects revenues between RMB4,740.0-4,840.0 million, representing 22.4-24.9% year-over-year growth.