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المتفائلون يقولون
Marketing and supply-chain optimization
Reduction in European marketing spending together with upgrades to supply chain and compliance should support near-term profitability by lowering customer-acquisition costs and improving fulfillment efficiency.
Online marketing revenue and investment income
Stronger online marketing revenue combined with substantial investment income helped sustain overall profits and indicates resilience in core monetization channels.
Liquidity and balance sheet strength
Substantial cash and short-term investments provide strong liquidity that enables continued strategic initiatives and offers a financial cushion against earnings volatility.
Regulatory and customs duties
New European customs duties and evolving international shipping regulations are increasing costs and disrupting cross-border fulfillment, pressuring margins on global orders.
Temu adjustments and revenue visibility
Proactive adjustments in the TEMU business and emphasis on first-party initiatives are limiting near-term revenue visibility and could slow transaction services growth.
Higher operating costs and regulatory penalties
Higher administrative expenses from launching new subsidiaries and regulatory-related fines have raised other losses and reduced adjusted net profit, constraining reported earnings.
