Xiaomi posts jump in third-quarter revenue, beats estimates

Xiaomi posts jump in third-quarter revenue, beats estimates

November 18, 2024 / Riah Marton /


CHINESE electronics maker Xiaomi posted a 30.5 per cent jump in third-quarter revenue, boosted by the launch of its first electric vehicle, the SU7 sedan, in March.

Revenue came in at 92.5 billion yuan (S$17.2 billion) in the quarter ended Sep 30, beating an LSEG consensus estimate from 15 analysts of 91.1 billion yuan.

The manufacturer of smartphones and a wide range of home electronic goods, reported adjusted net profit climbed 4.4 per cent to 6.25 billion yuan, versus a consensus estimate of 5.92 billion yuan. REUTERS

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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