JD.com Service Revenue Up 20.6% to $10.28B, Q1 Earnings Beat
HSBC upgraded JD.com to Buy after first-quarter revenue reached $45.77 billion, a 4.9% year-over-year increase, and adjusted net income per ADS rose to $0.74 versus $0.50 expected. Net service revenue climbed 20.6% to $10.28 billion, and forward P/E trades at a 35.67% discount to its sector.
1. HSBC Rating Upgrade
HSBC raised its rating on JD.com to Buy following the release of robust first-quarter results, signaling renewed investor confidence in the company’s diversified business model.
2. Q1 Financial Highlights
JD.com reported revenue of $45.77 billion, up 4.9% year-over-year, with adjusted net income per ADS at $0.74 compared to Wall Street’s $0.50 projection.
3. Service Segment Growth
The company’s service segment delivered net revenue of $10.28 billion, a 20.6% increase driven by expanding food-delivery operations and other value-added offerings.
4. Valuation and Outlook
JD.com’s forward price-to-earnings ratio sits at a 35.67% discount to its sector, positioning the stock as a deep value opportunity ahead of further market expansion.