China's ATRenew Q3 revenue rises driven by higher pre-owned electronics sales

ATRenew's Q3 revenue increased by 27.1% year-over-year, driven by pre-owned electronics sales. Income from operations rose by 385.1%. The company repurchased 0.5 million ADSs for $2.1 million. ATRenew expects Q4 2025 revenue between RMB6,080 million and RMB6,180 million, aiming for improved profitability through economies of scale. Growth was attributed to enhanced scenario and supply chain capabilities, fulfillment expansion, and multi-category recycling services. Wall Street's median 12-month price target for ATRenew is $5.00, 19.4% above its recent closing price.

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Overview

ATRenew Q3 revenue grows 27.1% yr/yr, driven by pre-owned electronics sales
Income from operations for Q3 rises 385.1% yr/yr
Company repurchased 0.5 mln ADSs for US$2.1 mln in Q3

Outlook

Company expects Q4 2025 revenue between RMB6,080 mln and RMB6,180 mln
Company anticipates leveraging economies of scale for improved profitability

Result Drivers

SCENARIO AND SUPPLY CHAIN - Co attributes growth to enhanced scenario and supply chain capabilities, improving transaction efficiency and user experience
FULFILLMENT EXPANSION - Expansion of fulfillment capabilities contributed to improved results
MULTI-CATEGORY RECYCLING - Growth driven by multi-category recycling services and AHS Recycles brand power

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 RMB 5.15

Revenue bln

Q3 RMB

Adjusted 110.20

Net mln

Income

Q3 Net RMB

Income 90.80

mln

Q3 RMB

Adjusted 140.30

Income mln

from

Operatio

Q3 RMB

Income 120.80

from mln

Operatio

Analyst Coverage

Wall Street’s median 12-month price target for ATRenew Inc is $5.00, about 19.4% above its November 19 closing price of $4.03
The stock recently traded at 87 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)