PDD's adjusted earnings per ADS for the first quarter is RMB 11.41, estimated at RMB 19.11. PDD's US stock pre-market fell over 11%.
Specifically:
<blockquote>
Adjusted earnings per ADS is RMB 11.41, estimated at RMB 19.11
Revenue is RMB 95.67 billion, estimated at RMB 101.6 billion
Adjusted net profit is RMB 16.92 billion, estimated at RMB 27.88 billion
General and administrative expenses are RMB 1.66 billion, estimated at RMB 2.04 billion
R&amp;D expenses are RMB 3.58 billion, estimated at RMB 3.39 billion
Earnings per share for American Depositary Receipts is RMB 9.94, estimated at RMB 17.68
Net cash flow from operating activities is RMB 15.52 billion
</blockquote>
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Pinduoduo will release its first quarter 2025 financial report on May 27, 2025. According to general estimates by institutions, Pinduoduo will achieve operating revenue of 103.368 billion yuan in the first quarter of 2025, a year-on-year increase of 19.07%, and expected earnings per share of 17.107 yuan, a year-on-year decrease of 9.77%.

Pinduoduo will release its first quarter 2025 financial report on May 27, 2025. According to general estimates by institutions, Pinduoduo will achieve operating revenue of 103.368 billion yuan in the first quarter of 2025, a year-on-year increase of 19.07%, and expected earnings per share of 17.107 yuan, a year-on-year decrease of 9.77%.

Pinduoduo financial report, understand it at a glance!

- Pinduoduo reported an adjusted earnings per ADS of 11.41 RMB, significantly below the estimated 19.11 RMB.  
- The company's revenue reached 95.67 billion RMB, also falling short of the forecasted 101.6 billion RMB.  
- Following these results, Pinduoduo's U.S. stock dropped over 11% in pre-market trading.

Pre-market drop of over 11%! PDD Q1 revenue of 95.67 billion yuan misses expectations | Earnings report insights