US Stock Market Move | Q1 profits surged nearly 80%, RERE.US surged over 11% in early trading.

On Tuesday, AIREUS (RERE.US) surged more than 11% in early trading to $5. On the news front, on May 19, ATRenew Inc. Sponsored ADR released its first quarter performance report for 2026. The financial report showed that the group's total revenue reached 6.16 billion yuan in the first quarter, an increase of 32.4% year-on-year, surpassing its previous revenue guidance range. On the profit side, adjusted operating profit was 190 million yuan, a year-on-year increase of 70.2%; Non-GAAP net profit reached 140 million yuan, a year-on-year increase of 79.6%. Data shows that as of the end of the first quarter of 2026, the number of ATRenew Inc. Sponsored ADR's offline stores expanded from 1,886 in the same period of the previous year to 2,156, covering 297 cities; the number of on-site employees increased from 1,765 to 2,248. Despite the increase in fixed asset and labor costs, the Non-GAAP performance and sales expense ratio actually improved year-on-year.