How did ONON's revenue and expenses trend in Q4 2024?

In Q4 2024, ONON's revenue and expenses showed the following trends:

1. **Revenue Trend**: ONON's revenue was highest in the Wholesale segment at $1.52 billion, followed by the Direct-To-Consumer segment at $1.26 billion and $1.04 billion, and the lowest in the Direct-To-Consumer segment at $765.75 million.
2. **Expense Trend**: The net income was $98.81 million, which suggests that the company managed its expenses effectively to maintain a healthy profit margin.
3. **Gross Margin Trend**: The gross margin remained stable at 60.63% in all segments, indicating efficient cost management and a strong pricing strategy.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|ONON|ONON.N|On Holding|20240101-2024|Direct-To-Consumer|9.428E8|169|
|ONON|ONON.N|On Holding|20240101-2024|Direct-To-Consumer|6.466E8|169|
|ONON|ONON.N|On Holding|20240101-2024|Direct-To-Consumer|3.999E8|169|
|ONON|ONON.N|On Holding|20240101-2024|Direct-To-Consumer|1.905E8|169|
|ONON|ONON.N|On Holding|20240101-2024|Direct-To-Consumer|1.905E8|169|
|ONON|ONON.N|On Holding|20240101-2024|Wholesale|3.177E8|169|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|ONON|ONON.N|On Holding|2024 Q1|108.45902486173549|1.01386577876E8|169|
|ONON|ONON.N|On Holding|2024 Q2|828.6625126103492|3.4252668912E7|169|
|ONON|ONON.N|On Holding|2024 Q3|-43.75198186681444|3.612032223E7|169|
|ONON|ONON.N|On Holding|2024 Q4|411.04480458053985|9.88089984E7|169|

|code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|ONON|ONON.N|On Holding|2024 Q1|59.6812|2.4010926223967|169|
|ONON|ONON.N|On Holding|2024 Q2|59.8197|1.519749101387882|169|
|ONON|ONON.N|On Holding|2024 Q3|60.1098|1.4273444710861087|169|
|ONON|ONON.N|On Holding|2024 Q4|60.6349|1.8214884248919487|169|