PDD Holdings Inc. American Depositary Shares - PDD STOCK NEWS

PDD Holdings (NASDAQ: PDD) has announced it will release its unaudited financial results for the third quarter ended September 30, 2024, before U.S. markets open on Thursday, November 21, 2024. The company will host an earnings conference call at 7:30 AM ET (12:30 PM IST and 8:30 PM HKT) on the same day. A live webcast will be available at the company's investor relations website, with a replay option available after the call.

PDD Holdings announced its unaudited financial results for Q2 2024, ending June 30, 2024. Total revenues were RMB97.1 billion (US$13.4 billion), up 86% from Q2 2023, driven by rises in online marketing and transaction services revenues. Operating profit increased by 156% to RMB32.6 billion (US$4.5 billion), with non-GAAP operating profit at RMB35.0 billion (US$4.8 billion), a 139% increase.

Net income attributable to shareholders was RMB32.0 billion (US$4.4 billion), a 144% increase year-over-year. Non-GAAP net income reached RMB34.4 billion (US$4.7 billion), up 125%. Basic earnings per American depositary share (ADS) were RMB23.14 (US$3.18), and diluted earnings per ADS were RMB21.61 (US$2.97).

Cash flows from operations were RMB43.8 billion (US$6.0 billion), a significant rise from RMB23.4 billion in Q2 2023. Company executives highlighted ongoing investments in high-quality development, trust, and safety despite potential short-term profitability declines due to increasing competition and economic challenges.

PDD Holdings (NASDAQ: PDD) has announced it will release its unaudited financial results for Q2 2024 on August 26, 2024, before U.S. markets open. The company will host an earnings conference call at 7:30 AM ET (12:30 PM IST and 7:30 PM HKT) on the same day. Investors and interested parties can access the live webcast of the call at the company's investor relations website. A replay of the webcast will be available on the same website after the call concludes.

PDD Holdings (NASDAQ: PDD) announced its unaudited financial results for Q1 2024, showing significant growth. Total revenues reached RMB86,812.1 million (US$12,023.3 million), a 131% increase from the same period in 2023. Operating profit rose 275% to RMB25,973.7 million (US$3,597.3 million), while non-GAAP operating profit increased by 237% to RMB28,552.2 million (US$3,954.4 million). Net income attributable to ordinary shareholders was RMB27,997.8 million (US$3,877.7 million), marking a 246% rise. Non-GAAP net income rose 202% to RMB30,601.8 million (US$4,238.3 million).

EPS for ADS was RMB20.33 (US$2.82) and diluted EPS was RMB18.96 (US$2.63), compared to RMB6.13 and RMB5.55 in Q1 2023, respectively. Net cash from operating activities was RMB21,067.2 million (US$2,917.8 million), up from RMB1,338.0 million in Q1 2023. Increases in revenues were driven by online marketing and transaction services, but costs also rose significantly, including sales and marketing, general and administrative, and R&D expenses.

PDD Holdings (NASDAQ: PDD) announced it will release its unaudited financial results for the first quarter of 2024 on May 22, 2024, before the U.S. markets open. The company's management will hold an earnings conference call at 7:30 AM ET on the same day. The call will be webcast live and available for replay on the company's investor relations website.

PDD Holdings Inc. filed its annual report on Form 20-F for the fiscal year 2023, providing access to audited financial statements. Shareholders can request a hard copy for free. The report is available on the company's website and the SEC's website.

PDD Holdings Inc. reported impressive financial results for Q4 2023 and fiscal year 2023, with significant revenue and profit growth. Total revenues in Q4 were RMB88,881.0 million, up 123% from the same period in 2022. Operating profit increased by 146% to RMB22,395.0 million. Net income attributable to ordinary shareholders rose by 146% to RMB23,280.3 million. For the fiscal year, total revenues reached RMB247,639.2 million, a 90% increase from 2022. Operating profit grew by 93% to RMB58,698.8 million. Non-GAAP measures showed even higher growth rates, highlighting the company's strong performance.

PDD Holdings Inc. will release unaudited financial results for Q4 and fiscal year 2023 on March 20, 2024. The earnings conference call will be held at 7:30 AM ET. The webcast will be available for replay on the company's investor events webpage.

PDD Holdings Inc. (PDD) reported unaudited financial results for Q3 2023, with total revenues of RMB68,840.4 million, an increase of 94% from the same quarter in 2022. Operating profit was RMB16,656.0 million, an increase of 60% from the previous year. The Company's non-GAAP operating profit, net income, and diluted earnings per ADS all showed significant increases, reflecting the Company's focus on high-quality development and continued investments in technology and user mindshare.