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Performance of PDD Holdings' key business segments in Q2 2024
5
Resolution / Starting Odds
Both segments surpass expectations • 33%
Only online marketing surpasses expectations • 33%
Only transaction services surpass expectations • 34%
Next quarter's financial earnings report
Story
PDD Holdings Reports Strong Q1 Earnings, Beating Estimates with EPS and Revenue Up; Stock Rises 9%
May 22, 2024, 11:02 AM
PDD Holdings reported strong first-quarter earnings, significantly surpassing analyst expectations. The company, which operates the international shopping site Temu, reported an adjusted EPS of ¥20.72, nearly double the forecast of ¥10.35, and revenue of ¥86.81 billion, exceeding the estimated ¥75.17 billion. This represents a year-over-year increase of 199% in EPS and 131% in revenue. PDD Holdings also reported online marketing services revenue of ¥42.46 billion and transaction services revenue of ¥44.36 billion, both beating estimates. The company's net income reached $4.2 billion, up 246%, with a diluted EPS of $2.83, nearly double the analysts' expectations. Pinduoduo's revenue was reported at $12.02 billion. Following the earnings report, PDD Holdings' stock rose about 9% in pre-market trading. The company's market cap stands at 202B.
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Growth of 0-5% • 25%
Growth of 6-10% • 25%
Growth of 11-15% • 25%
Growth of 16% or more • 25%
EPS decrease • 25%
EPS remains stable • 25%
EPS increase of 0-10% • 25%
EPS increase of more than 10% • 25%
Margin decrease • 25%
Margin remains stable • 25%
Margin increase of 0-5% • 25%
Margin increase of more than 5% • 25%
Above expectations • 33%
Meets expectations • 34%
Below expectations • 33%
Gaming leads in revenue growth • 33%
Luxury retail leads in revenue growth • 33%
Hotel bookings lead in revenue growth • 33%
Google Search • 30%
YouTube • 30%
Google Cloud • 30%
Other (incl. Play Store, Hardware) • 10%
Yes • 50%
No • 50%
Technology • 25%
Retail • 25%
Automotive • 25%
Real Estate • 25%