Brief: Dada Nexus Estimates That About Rmb500 Mln Of Revs From Online Advertising, Marketing Services May Have Been Overstated

Dada Nexus

08/01/2024 14:11

Jan 8 (Reuters) - Dada Nexus Ltd  DADA.O :
    * DADA NEXUS LTD - CURRENTLY ESTIMATES THAT ABOUT RMB500
MILLION
OF REVS FROM ONLINE ADVERTISING, MARKETING SERVICES MAY HAVE
BEEN OVERSTATED
    * DADA NEXUS: REVENUE GUIDANCE PREVIOUSLY PROVIDED BY CO FOR
Q4
AND FULL YEAR OF 2023 SHOULD NO LONGER BE RELIED UPON UNTIL
FURTHER NOTICE
    * DADA NEXUS LTD -  CURRENTLY ESTIMATES RMB500 MILLION OF
OPERATIONS AND SUPPORT COSTS MAY HAVE BEEN OVERSTATED
    * DADA NEXUS - ESTIMATES REVS FROM ONLINE ADVERTISING,
MARKETING
SERVICES OPERATIONS, SUPPORT COSTS MAY HAVE BEEN OVERSTATED FOR
FIRST 3 QTRS OF 2023

Further company coverage:  DADA.O 

 ((Reuters.Briefs@thomsonreuters.com;))