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Xiaomi reported $50.62 billion revenue in 2024, pledges $970 million for AI development · TechNode

Summary by TechNode
Xiaomi on Tuesday released its full-year financial earnings for 2024, announcing a record-high revenue of RMB 365.9 billion ($50.62 billion), a 35.0% year-on-year increase. The company’s adjusted net profit also hit a record RMB 27.2 billion ($3.76 billion), up 41.3% year-on-year, including an adjusted net loss of RMB 6.2 billion ($860 million) from innovative businesses such as smart electric vehicles. At Xiaomi’s 2024 earnings conference, Xiao…

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YUAN TALKS broke the news in on Tuesday, March 18, 2025.
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