JD.com announces mixed Q4 2021 results, shares tank 10%

JD.com Inc. (NASDAQ: JD) shares are down 10% after the company announced its Q4 and FY2021 unaudited financial results. The company topped earnings estimates but missed revenue estimates.

Q4 2021 earnings top estimates revenue comes short

President Lei Xu said:

In the fourth quarter, the company reported revenue of $43.3 billion, a 23% YoY increase but marginally missed estimates of $43.35 billion. Net service revenues increased 28.3% Yoy to $6.5 billion. The company reported a non-GAAP diluted net income of $0.35 per share compared to analysts' $0.24 per share projection. Diluted net loss per ADS was $0.52 in the fourth quarter. Lei added:

JD.com reported 27.6% growth in revenue in FY2021

The company reported net revenues of $149.3 billion for the full year, a YoY increase of 27.6%, with net service revenues increasing 44.7% to $21.3 million. The company had a diluted net loss per ADS of $0.36 and a non-GAAP net income of $1.69 per ADS for fiscal 2021. JD.com’s CFO, Sandy Xu, said: