Dingdong (DDL, Financial) saw its stock rise over 7% to $4.37. The company reported Q3 revenue of 6.54 billion yuan, marking a 27.2% year-over-year increase. This growth trend has been positive for three consecutive quarters, with signs of acceleration.
Under the Non-GAAP standard, Dingdong achieved a net profit of 160 million yuan, representing a more than ninefold increase year-over-year. The company has maintained profitability under Non-GAAP for eight consecutive quarters. Meanwhile, under GAAP standards, net profit surged over 62 times to 133 million yuan, with profitability sustained for three consecutive quarters.
