PDD Pinduoduo Inc. Sponsored ADR Class A

PDD Holdings to Report Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results on March 20, 2025

PDD Holdings to Report Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results on March 20, 2025

DUBLIN and SHANGHAI, March 13, 2025 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD) today announced that it will report its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024, before U.S. markets open on Thursday, March 20, 2025.

The Company’s management will hold an earnings conference call at 7:30 AM ET on March 20, 2025 (11:30 AM GMT and 7:30 PM HKT on the same day).

The conference call will be webcast live at . The webcast will be available for replay at the same website following the conclusion of the call.

About PDD Holdings:

PDD Holdings is a multinational commerce group that owns and operates a portfolio of businesses. PDD Holdings aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities.



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EN
13/03/2025

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Reports on Pinduoduo Inc. Sponsored ADR Class A

Jin Yoon
  • Jin Yoon

PDD 1Q25 Results: Revs and Profitability to Face Pressure in the Near ...

What’s new: PDD’s reported 1Q25 results that were below consensus and our expectations. PDD noted that profitability is likely to face challenges in the near-term and potentially over a longer period partly due to continued merchant support amid a challenging environment in both domestic and overseas markets. We lower our PT from US$150 to USD$120 on lowered outlook. Our updated PT of US$120 implies a 16.0x FY25E P/E. We maintain our BUY rating. Analysts: Jin Yoon

Anas Fitri Bin Ahmad ... (+14)
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  • Colin Lee
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  • Ejann Hiew
  • Heidi Mo Jinghui
  • Jieqi Liu
  • John Cheong Ming Chern
  • Johnny Yum Chung Man
  • Julia Pan Mengyao
  • Lester Siew
  • Ming San Soong

Regional Morning Meeting Notes: Wednesday, May 28, 2025

GREATER CHINA Results Kuaishou Technology (1024 HK/BUY/HK$48.75/Target: HK$70.00): 1Q25: Results in line; poised for encouraging contribution from Kling AI in 2025. Link REIT (823 HK/BUY/HK$40.90/Target: HK$44.90): FY25: Earnings beat expectations; cautious outlook for FY26. PDD Holdings (PDD US/SELL/US$119.24/Target: US$90.00): 1Q25: Earnings miss expectations; increased platform investment to weigh on profitability. Downgrade to SELL. Xiaomi Corp (1810 HK/BUY/HK$51.55/Target: HK$69.90): 1Q25: ...

Colin Lee ... (+8)
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Greater China Daily: Wednesday, May 28, 2025

KEY HIGHLIGHTS Results Kuaishou Technology (1024 HK/BUY/HK$48.75/Target: HK$70.00): 1Q25: Results in line; poised for encouraging contribution from Kling AI in 2025. Link REIT (823 HK/BUY/HK$40.90/Target: HK$44.90): FY25: Earnings beat expectations; cautious outlook for FY26. PDD Holdings (PDD US/SELL/US$119.24/Target: US$90.00): 1Q25: Earnings miss expectations; increased platform investment to weigh on profitability. Downgrade to SELL. Xiaomi Corp (1810 HK/BUY/HK$51.55/Target: HK$69.90): 1...

Julia Pan Mengyao ... (+2)
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PDD Holdings (PDD US) - 1Q25: Earnings Miss Expectations; Increased Pl...

PDD’s 1Q25 results missed expectations. Revenue increased 10% yoy to Rmb95.7b, missing consensus estimate by 6%, dampened by sluggish commission revenue growth. Non-GAAP net profit slumped 45% yoy to Rmb16.9b, 39% below consensus estimate. Non-GAAP net margin shrank 18ppt to 17.7%. Looking ahead, PDD expects its top-line growth and profitability to continue being hampered by its merchant support strategy. Downgrade to SELL with a lower target price of US$90.00.

Jin Yoon
  • Jin Yoon

PDD: 1Q25 Flash - Meaningful Deceleration in Revs; Margins Below Expec...

Total revenues were RMB95.7bn (-13.5% QoQ and +10.2% YoY), below consensus estimates of RMB101.6bn and our expectations of RMB107.9bn. Online marketing services revenue came in at RMB48.7bn (-14.5% QoQ and +14.8% YoY), below our estimates of RMB49.3bn. Transaction services revenues were RMB47.0bn (-12.4% QoQ and +5.8% YoY), below our estimates of RMB58.5bn. Analysts: Jin Yoon

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