PDD
PDD Holdings·NASDAQ
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PDD fundamentals
PDD Holdings (PDD) released its earnings on Nov 18, 2025: revenue was 15.21B (YoY +7.43%), missed estimates; EPS was 2.96 (YoY +11.70%), beat estimates.
Revenue / YoY
15.21B
+7.43%
EPS / YoY
2.96
+11.70%
Report date
Nov 18, 2025
PDD Earnings Call Summary for Q3,2025
- Revenue Resilience: Q3 revenue of RMB 108 billion reflects 9% YoY growth, driven by transaction services, despite ecosystem investment pressures.
- Merchant Ecosystem Focus: RMB 100 billion support program boosted agricultural sales (+47% YoY) and high-quality SKUs, but operating margin dipped to 25% due to R&D and merchant subsidies.
- Global Uncertainty: Regulatory challenges in global markets and intense competition may cause profit fluctuations, with management prioritizing long-term value over short-term gains.
EPS
Revenue
Revenue & Expenses
PDD has released its 2025 Q3 earnings report, with revenue of 15.21B, reflecting a YoY change of 7.43%, and net profit of 4.12B, showing a YoY change of 15.73%. The Sankey diagram below clearly presents PDD's revenue sources and cost distribution.
Key Indicators
PDD Holdings (PDD) key financial stats and ratios, covering profitability, financial health, and leverage.
PDD Holdings (PDD)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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Breakdown
PDD Holdings (PDD)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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PDD Holdings (PDD)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Breakdown
Where does PDD Holdings (PDD) generate its revenue? Explore its key revenue streams and top earning regions.
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Track PDD Holdings (PDD) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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You can ask Aime
What factors drove the changes in PDD Holdings's revenue and profit?What does PDD Holdings do and what are its main business segments?What were the key takeaways from PDD Holdings's earnings call?What is the revenue and EPS growth rate for PDD Holdings year over year?What guidance did PDD Holdings's management provide for the next earnings period?What is the market's earnings forecast for PDD Holdings next quarter?What were the key takeaways from PDD Holdings’s earnings call?Did PDD Holdings beat or miss consensus estimates last quarter?
