Press Release: Zoomcar Reports Significant Profitability Improvement in its Second Quarter Financial 2024 Results

Dow Jones

2024-11-14

We define contribution profit (loss) as our gross profit plus (a) depreciation expense included in cost of revenue, (b) stock-based compensation expense included in cost of revenue, (c) other general costs included in cost of revenue (rent, software support, insurance, travel); less (i) Host incentive payments and (ii) marketing and promotional expenses (excluding brand marketing).

Logo: https://mma.prnewswire.com/media/2517562/5014195/Zoomcar_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/zoomcar-reports-significant-profitability-improvement--in-its-second-quarter-financial-2024-results-302305434.html

SOURCE Zoomcar

(END) Dow Jones Newswires

November 14, 2024 04:17 ET (09:17 GMT)

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less (i) Host incentive payments and (ii) marketing and promotional expenses (excluding brand marketing). \n</p>\n<p>\n     Logo: https://mma.prnewswire.com/media/2517562/5014195/Zoomcar_Logo.jpg \n</p>\n<p>\n      View original content:https://www.prnewswire.com/news-releases/zoomcar-reports-significant-profitability-improvement--in-its-second-quarter-financial-2024-results-302305434.html \n</p>\n<p>\n     SOURCE Zoomcar \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 14, 2024 04:17 ET (09:17 GMT)\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Press Release: Zoomcar Reports Significant Profitability Improvement in its Second Quarter Financial 2024 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPress Release: Zoomcar Reports Significant Profitability Improvement in its Second Quarter Financial 2024 Results\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-11-14 17:17</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     We define contribution profit (loss) as our gross profit plus (a) depreciation expense included in cost of revenue, (b) stock-based compensation expense included in cost of revenue, (c) other general costs included in cost of revenue (rent, software support, insurance, travel); less (i) Host incentive payments and (ii) marketing and promotional expenses (excluding brand marketing). \n</p>\n<p>\n     Logo: https://mma.prnewswire.com/media/2517562/5014195/Zoomcar_Logo.jpg \n</p>\n<p>\n      View original content:https://www.prnewswire.com/news-releases/zoomcar-reports-significant-profitability-improvement--in-its-second-quarter-financial-2024-results-302305434.html \n</p>\n<p>\n     SOURCE Zoomcar \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 14, 2024 04:17 ET (09:17 GMT)\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZCAR","symbol_name":"ZOOMCAR HOLDINGS INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483823809","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483823809","pubTimestamp":1731575820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"BANGALORE, India, Nov. 14, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc.  , the leading marketplace for car sharing in India, today announced results for its second quarter ended September 30, 2024.Hiroshi Nishijima, CEO of Zoomcar stated, \"By making customer experience our top priority, we've been able to organically boost guest repeat bookings and improve host retention. This focus has allowed us to optimize costs, particularly in marketing spend, cash incentives, and discounts, driving a significant improvement in our contribution profit. With a stronger contribution margin, our primary goal is now to grow the number of bookings by bringing in more Guests and achieving more frequent repeat usage. Despite shorter average booking durations, our contribution margin remains robust, making the total number of bookings our most critical metric.\". 30, 2024 to $4.43 per share as compared to $2,568.82 per share during the. revenue), a significant improvement from a loss of $0.12 million (-5%) ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ZCAR":"ZOOMCAR HOLDINGS INC","BK4230":"旅客陆运"},"translate_title":"新闻稿：Zoomcar报告2024年第二季度财务业绩盈利能力显着改善","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZCAR":0.9},"content_text":"We define contribution profit (loss) as our gross profit plus (a) depreciation expense included in cost of revenue, (b) stock-based compensation expense included in cost of revenue, (c) other general costs included in cost of revenue (rent, software support, insurance, travel); less (i) Host incentive payments and (ii) marketing and promotional expenses (excluding brand marketing). \n\n\n     Logo: https://mma.prnewswire.com/media/2517562/5014195/Zoomcar_Logo.jpg \n\n\n      View original content:https://www.prnewswire.com/news-releases/zoomcar-reports-significant-profitability-improvement--in-its-second-quarter-financial-2024-results-302305434.html \n\n\n     SOURCE Zoomcar \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 14, 2024 04:17 ET (09:17 GMT)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}