RLX Technology Q3 Earnings Surge 49% as International Markets Drive Growth
RLX Technology Inc. (NYSE: RLX) shares jumped 10.3% to $2.57 after reporting robust third-quarter results, with net revenue climbing 49% year-over-year to RMB1.13 billion ($158.6 million). Gross margins expanded to 31.2%, up from 27.2% in the prior-year period, demonstrating improved operational efficiency.
The company's global push is paying dividends, with international markets now contributing 71.6% of total revenue. Strategic equity investments in Europe and stronger performance across regions offset ongoing regulatory challenges in Mainland China. Operating cash FLOW strengthened to RMB357.5 million, while cumulative shareholder returns surpassed $500 million since IPO.