Shares of JD.com (NASDAQ:JD) gained more than 2% intra-day today after the Chinese e-commerce giant reported better-than-expected fourth-quarter earnings and revenue, signaling strong momentum amid a recovering consumer market.

For the quarter, JD.com posted earnings per share of RMB7.42, significantly outpacing analyst expectations of RMB5.44. Revenue also exceeded estimates, reaching RMB347 billion compared to the projected RMB322.29 billion.

The company credited the strong quarter to a rebound in consumer spending, with CEO Sandy Xu highlighting the return of double-digit year-over-year topline growth and a solid bottom-line expansion. JD.com remains optimistic heading into 2025, citing improving consumer sentiment and continued execution of strategic initiatives to drive high-quality growth.

Adjusted EBITDA rose 30% year-over-year to RMB12.53 billion, surpassing the forecast of RMB11.17 billion. The adjusted EBITDA margin improved to 3.6%, up from 3.2% a year ago and ahead of the 3.41% estimate, reflecting enhanced operational efficiency.