Dingdong revenue accelerates 10.8% to RMB7.38 billion
Key points
- Dingdong (NYSE:DDL) reported third-quarter 2026 revenue of RMB7,380.4 million, up 10.8% year over year, while net income increased 259.6% to RMB298.1 million.
- Gross margin improved to 29.7% from 28.9%, while gross merchandise value rose 14.3% to RMB8,311.1 million.
- The pending sale of its China business to Meituan remains subject to regulatory approval, including clearance from China's SAMR.
Dingdong (NYSE:DDL) reported third-quarter 2026 revenue of RMB7,380.4 million, up 10.8%, while net income rose 259.6% to RMB298.1 million.
Revenue compared with RMB6,662.4 million a year earlier, while gross merchandise value rose 14.3% to RMB8,311.1 million from RMB7,273.2 million.
Gross margin rose to 29.7% from 28.9%, while China revenue increased 11% to RMB7,307.2 million and overseas revenue fell 6.9% to RMB73.2 million.
Following the announcement, Dingdong's share price was up 4.9% at US$1.82 as of 9:56 a.m. ET on November 12, 2026.
Dingdong said held-for-sale accounting added RMB195.7 million to net income, while operating cash inflow was RMB351 million and cash holdings fell to RMB4,361.9 million from RMB4,880.9 million in June.
The planned US$717 million sale of its China business to Meituan remains subject to SAMR antitrust approval and other closing conditions.
