RERE Stock Recent News

SHANGHAI , March 31, 2025 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven platform for pre-owned consumer electronics transactions and services in China, today launched the grand opening of its Paijitang flagship store in Shenzhen. Located in Huaqiangbei, the country's premier electronics trade hub, the store features nearly 10,000 professionally inspected smartphones, setting a new benchmark for transparency in the second-hand electronics market.

ATRenew delivered record 25.9% YoY revenue growth, reaching RMB 16.3 billion ($2.2 billion), with 1P net product revenue surging 27.3% to RMB 14.8 billion ($2.03 billion). Profitability improved significantly, as GAAP operating income turned positive for the first time, with a non-GAAP operating margin of 2.5%, expanding by 57 basis points. Government-backed trade-in subsidies fueled a 70% YoY surge in C2B recycling, reinforcing ATRenew's dominant position in China's secondhand electronics market.

ATRenew reported strong sales growth and its second consecutive quarter of positive GAAP net income, with full-year 2024 revenues up 25.9% year-on-year. The company's collaboration with JD.com and government subsidies have significantly boosted its recycling business and trade-in demand for pre-owned electronics. ATRenew's financials are solid, with a negative net debt of $389 million, strong liquidity ratios, and a continued share buyback program.

ATRenew Inc. reported mixed results, with an impressive 25.2% y/y sales growth but a slight miss on EPS; the GAAP operating margin turned positive at 1.1%. The company has a strong balance sheet with $350m in liquid assets, positioning it well for future growth and economic downturns. Future growth is expected from government subsidies, partnerships with JD and Apple, and aggressive expansion plans including 800 new stores in 2025.

ATRenew Inc. (NYSE:RERE ) Q4 2024 Earnings Conference Call March 11, 2025 8:00 AM ET Company Participants Jeremy Ji - Director, Corporate Development & Investor Relations Kerry Chen - Founder, Chairman & Chief Executive Officer Rex Chen - Chief Financial Officer Conference Call Participants Joyce Ju - Bank of America Wan Jiao - CICC Michael Kim - Zacks Small-Cap Research Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to ATRenew Inc.'s Fourth Quarter and Full Year 2024 Earnings Conference Call.

SHANGHAI , March 11, 2025 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024.  Fourth Quarter 2024 Highlights Total net revenues grew by 25.2% to RMB4,849.3 million (US$664.4 million) from RMB3,873.6 million in the fourth quarter of 2023.

SHANGHAI , Feb. 25, 2025 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced that it plans to release its unaudited financial results for the fourth quarter and full year of 2024 before the U.S. market opens on Tuesday, March 11, 2025. The Company's management will hold an earnings conference call at 08:00 A.M.

SHANGHAI , Dec. 3, 2024 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced it has been recognized by the United Nations Global Compact's ("UNGC") "Forward Faster: 20 Examples of Private Sector's Sustainable Development in China" campaign (the "Campaign"). This prestigious acknowledgment highlights ATRenew's commitment to environmental, social, and governance (ESG) practices, and reaffirms the Company's role as a transformative force in the development of China's circular economy.

ATRenew Inc. (NYSE: RERE) achieved strong Q3 2024 results with 12.8% YoY revenue growth and first-ever GAAP profitability, driving a 20% stock price surge. The company's robust cash position and innovative AI-powered technologies position it well for future growth and sustainable margins in the circular economy market. ATRenew's undervaluation, despite strong financials and ESG credentials, presents a significant investment opportunity, supported by a forward price-to-sales ratio below sector peers.

ATRenew's 3Q 2024 earnings report shows a 24.4% sales increase and a shift from operational loss to profit, driven by cost optimizations and lower amortization expenses. The company's multi-category recycling business surged by 270% YOY, and its 1P-to-consumer sales increased by 120% YOY, indicating strong market demand. ATRenew's strong cash and debt fundamentals, along with sustainable sales growth, suggest potential for future net GAAP profitability and stock appreciation.