Dingdong Grocery will achieve comprehensive profitability in 2024, with an annual GMV of 255.6 billion yuan, a rise of 16.3% year on year.

On March 6, Jinshi Data News, Dingdong Buy Vegetables (DDL.N) released the fourth quarter financial report and annual performance data for 2024. The financial report shows that Dingdong Buy Vegetables achieved a GMV of 65.5 billion yuan in Q4, a rise of 18.4% year-on-year; revenue was 59.1 billion yuan, a rise of 18.3% year-on-year. For the full year of 2024, Dingdong Buy Vegetables achieved a GMV of 255.6 billion yuan, a rise of 16.3% year-on-year; revenue reached 230.7 billion yuan, a rise of 15.5% year-on-year. Under the Non-GAAP standard, a net profit of 4.2 billion yuan was achieved, a rise of more than 8 times year-on-year. Dingdong Buy Vegetables also achieved annual profitability for the first time under the GAAP standard this year.