Tesla Q4 2023 Earnings Report Summary

Friday 21st of March 2025 20:30:12

NIO Inc. (NIO) Q4 2024 Earnings Call Transcript

March 21, 2025

NIO Inc. (NYSE: NIO) reported its Q4 2024 earnings results after the market close on March 20, 2025. The company's CEO, William Li, and CFO, Lihong Chen, hosted an earnings call to discuss the results.

Q4 2024 Highlights

NIO reported Q4 2024 revenue of $1.43 billion, a 34.1% increase from Q4 2023. The company's gross profit margin expanded to 21.1%, up from 18.3% in the same period last year. NIO's net income attributable to shareholders was $143.1 million, or $0.41 per diluted share, compared to a net loss of $133.2 million, or $0.41 per diluted share, in Q4 2023.

Full-Year 2024 Results

For the full year 2024, NIO reported revenue of $5.43 billion, a 43.1% increase from 2023. The company's gross profit margin for the full year 2024 was 20.5%, up from 17.3% in 2023. NIO's net income attributable to shareholders for the full year 2024 was $542.1 million, or $1.59 per diluted share, compared to a net loss of $533.1 million, or $1.59 per diluted share, in 2023.

Guidance

For Q1 2025, NIO expects revenue to be in the range of $1.35 billion to $1.45 billion, representing a year-over-year increase of 25% to 33%. The company's gross profit margin for Q1 2025 is expected to be in the range of 20.5% to 21.5%.

For the full year 2025, NIO guides revenue to be in the range of $6.2 billion to $6.5 billion, representing a year-over-year increase of 14% to 16%. The company's gross profit margin for the full year 2025 is expected to be in the range of 21% to 22%.

CEO Comments

"We are pleased with our Q4 2024 performance, which demonstrates the strength of our business model and our ability to execute," said William Li, CEO of NIO. "We are well-positioned to continue our growth momentum in 2025, driven by our expanding product offerings, increasing market share, and improving profitability."

CFO Comments

"We are proud of our team's efforts to drive profitability and cash flow generation in 2024," said Lihong Chen, CFO of NIO. "We expect to continue this trend in 2025, with our gross profit margin expanding and our operating expenses under control. We are confident in our ability to deliver long-term value to our shareholders."