Xiaomi revenue exceeds $9 billion in Q3, report reveals

Xiaomi has announced its Q3 2023 earnings report, posting total quarterly revenue of RMB70.9 billion ($9.94 billion/€9.12 billion), with group gross profit margin reaching 22.7% and adjusted net profit reaching RMB6 billion ($841 million/€771 million) – a YoY growth of 182.9%.

Additionally, Xiaomi said its IoT and lifestyle products’ revenue soared to RMB20.7 billion ($2.9 billion/€2.6 billion) with a profit margin of 17.8%, while the smartphone revenue was RMB41.6 billion ($5.83 billion/€5.35 billion) with a gross profit margin of 16.6%.

Xiaomi’s Q3 2023 financial…

​ Xiaomi has announced its Q3 2023 earnings report, posting total quarterly revenue of RMB70.9 billion ($9.94 billion/€9.12 billion), with group gross profit margin reaching 22.7% and adjusted net profit reaching RMB6 billion ($841 million/€771 million) – a YoY growth of 182.9%.

Additionally, Xiaomi said its IoT and lifestyle products’ revenue soared to RMB20.7 billion ($2.9 billion/€2.6 billion) with a profit margin of 17.8%, while the smartphone revenue was RMB41.6 billion ($5.83 billion/€5.35 billion) with a gross profit margin of 16.6%.

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