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

Julia Pan Mengyao ... (+2)
  • Julia Pan Mengyao
  • Ming San Soong

PDD Holdings (PDD US): 4Q24: Earnings largely in line; revenue miss on...

PDD’s 4Q24 results were below expectations. Revenue increased 24% yoy to Rmb110.6b, missing consensus estimates by 5%, dampened by softer-than-expected online ad revenue growth. Non-GAAP net profit grew 17% yoy to Rmb29.9b, 4% above consensus estimate. Non-GAAP net margin shrank 2ppt to 27%. Looking ahead, PDD expects its top-line growth to continue being impacted by its merchant support strategy and profitability should remain under pressure. Maintain BUY. Target price: US$140.00.

Bella Lu Yifei ... (+12)
  • Bella Lu Yifei
  • Carol Dou Xiao Qin
  • Colin Lee
  • Gigi Cheuk
  • Greater China Research Team
  • Johnny Yum Chung Man
  • Julia Pan Mengyao
  • Kate Luang
  • Ken Lee
  • Kenny Yong Hui Lim
  • Ming San Soong
  • Sunny Chen

Greater China Daily: Friday, March 21, 2025

KEY HIGHLIGHTS Results AAC Technologies (2018 HK/BUY/HK$52.05/Target: HK$57.70) AAC’s 2H24’s earnings grew 114% yoy which exceeded expectations, thanks to a solid beat in the precision mechanics business, although this was partially offset by weaker margins from the optics and MEMs businesses. Nevertheless, we continue to expect solid revenue growth and margin expansion in 2025, driven by increasing exposure from the automotive acoustics business and edge AI-related components. Upgrade to BUY ...

Jin Yoon
  • Jin Yoon

PDD 4Q24 Results: Investments in High Quality Development Remains a Fo...

What’s new: PDD’s reported 4Q24 results that were below consensus and our expectations. PDD remains committed to investing in its high quality development initiatives for 2025 – which could further drag margins in the near-term. We maintain our PT at USD150. Analysts: Jin Yoon

Adrian Loh Tzum Yung ... (+17)
  • Adrian Loh Tzum Yung
  • Arsit Pamaranont
  • Bella Lu Yifei
  • Carol Dou Xiao Qin
  • Colin Lee
  • Gigi Cheuk
  • Jack Goh Tooan Orng
  • Jo Yee Ng
  • Johnny Yum Chung Man
  • Julia Pan Mengyao
  • Kate Luang
  • Ken Lee
  • Kenny Yong Hui Lim
  • Ming San Soong
  • Posmarito Pakpahan
  • Sunny Chen
  • Willinoy Sitorus

Regional Morning Notes - Friday, March 21, 2025

GREATER CHINA Results AAC Technologies (2018 HK/BUY/HK$52.05/Target: HK$57.70): 2H24: Revenue and earnings beat; expect growth from auto and edge AI themes. Upgrade to BUY. Crystal International (2232 HK/BUY/HK$5.36/Target: HK$6.18): 2024: Record-high dividend payout; long-term wallet share gains intact. Geely Auto (175 HK/BUY/HK$18.24/Target: HK$29.00): 2024: Core earnings up 50% yoy, beating estimates. Maintain BUY. PDD Holdings (PDD US/BUY/US$125.92/Target: US$140.00): 4Q24: Earnings largely ...

 PRESS RELEASE

PDD Holdings Announces Fourth Quarter 2024 and Fiscal Year 2024 Unaudi...

PDD Holdings Announces Fourth Quarter 2024 and Fiscal Year 2024 Unaudited Financial Results DUBLIN and SHANGHAI, March 20, 2025 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the fourth quarter ended and the fiscal year ended December 31, 2024. Fourth Quarter 2024 Highlights Total revenues in the quarter were RMB110,610.1 million (US$115,153.5 million), an increase of 24% from RMB88,881.0 million in the same quarter of 2023.Operating...

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