Pinduoduo Stock News

PDD Holdings (PDD 3.98%), a notable operator in global e-commerce, unveiled its financial results for the fourth quarter of 2024 on March 20. The company reported non-GAAP earnings per share (EPS) of $2.76, slightly exceeding the analyst estimate of $2.74.

Temu and Pinduoduo parent PDD Holdings Inc (NASDAQ:PDD) reported lower-than-expected fourth-quarter earnings and revenue before the open today, dinged by stiff competition and weak demand in China.

U.S.-listed shares of PDD Holdings (PDD) rose Thursday after the parent of the Temu shopping app posted a higher quarterly profit even though it missed sales estimates as Chinese consumers pulled back spending and it faced higher costs.

PDD Holdings Inc. (NASDAQ:PDD ) Q4 2024 Earnings Call March 20, 2025 7:30 AM ET Company Participants Unidentified Company Representative - Lei Chen - Chairman & Co-CEO Jiazhen Zhao - Executive Director & Co-CEO Jun Liu - VP, Finance Conference Call Participants Joyce Ju - Bank of America Securities Alicia Yap - Citigroup Kenneth Fong - UBS Operator Ladies and gentlemen, thank you for standing b...

PDD Holdings Inc. just released its earnings for the fourth quarter of 2024. The release mostly beat analyst estimates, with a miss on revenue and beats on GAAP and adjusted EPS. Going into earnings, expectations were fairly high, as analysts expected positive sequential growth when the previous quarter showed a sequential decline.

Shares in PDD Holdings Inc (NASDAQ:PDD) fell 7% in premarket trading in New York after the Temu owner reported lower revenues than expected for the final quarter of last year.  The Shanghai-based tech conglomerate, which also has a base in Dublin, Ireland, reported total fourth-quarter revenues of RMB 110.6 billion (US$115.15 billion), an increase of 24% on a year earlier.

The Chinese owner of bargain app Temu reported slower quarterly profit and revenue growth, capping a turbulent year for the e-commerce giant as it faced stiff competition at home, geopolitical tensions abroad and U.S. tariff uncertainties.

Quarterly earnings were 18.53 yuan per American-listed share, on revenue of 110.6 billion yuan, missing analysts' expectations.