New Street Research - JD.com Inc. Sponsored ADR Class A (JD) JD 4Q25 Preview: Lowering Estimates

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New Street Research

Jin Yoon

JD 4Q25 Preview: Lowering Estimates

What’s New: We lower our 4Q25 top- and bottom-line estimates partly due to tougher comps in home appliance and consumer electronics. Investments in food delivery could sequentially decline in 4Q partly due to continued improvement in unit economics.

Analysts:
Jin Yoon

13/01/2026 1 EN

Underlying

JD.com Inc. Sponsored ADR Class A

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US47215P1066 NASDAQ Stock Market United States

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New Street Research

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Analysts

Jin Yoon

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JD 4Q25 Preview: Lowering Estimates

JD.com (9618 HK): 4Q25 Results Preview: Lacklustre Top-line Growth; 1Q26 Outlook Fuelled By National Subsidy Programme Roll-out.

Greater China Daily: Thursday, January 15, 2026

T Threats Limited in Senate FirstNet Hearing; House Hearing This Week

TalkTalk (Equal Weight) Q3: Financial guidance intact, but customer volumes weaker – Quick Take

Nexfibre to buy Netomnia? A potential first "real" in-market UK consolidation deal

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