PDD Holdings demonstrated strong revenue growth and successful merchant support initiatives, despite facing challenges such as rising costs, intense competition, and fluctuating profit margins. The company's commitment to agriculture and global business strategy show a focus on long-term development.
Company Guidance
During the fourth quarter and fiscal year 2024 earnings call for PDD Holdings Inc., the company reported significant financial and strategic metrics. The Q4 revenue reached RMB 110.6 billion, marking a 24% year-over-year increase, while the full-year 2024 revenue was RMB 393.8 billion, reflecting a 59% growth from the previous year. The company's revenue growth showed moderation, attributed to substantial ecosystem investments amid a competitive landscape. Notably, the firm executed a 10 billion fee reduction program, which benefited over 10 million merchants, and logistics support measures that extended free shipping to nearly 100 million consumers in remote regions. The Merchant Rights Protection Committee was established to enhance communication and dispute resolutions. Operating profit for Q4 on a GAAP basis was RMB 25.6 billion, with a non-GAAP operating profit margin of 24%. The company held RMB 331.6 billion in cash, cash equivalents, and short-term investments as of December 31, 2024. Looking forward, the company emphasized its commitment to high-quality development in 2025, aiming to enhance merchant support and broaden quality supply on the platform.
Strong Revenue Growth
Q4 revenue reached RMB 110.6 billion, up 24% year-on-year, and full year 2024 revenue totaled RMB 393.8 billion, growing 59% year-on-year.
Successful Merchant Support Initiatives
The 10 billion fee reduction program enabled over 10 million merchants to enhance operational efficiency and reduce cost. Logistic support measures drove double-digit order growth and extended free shipping to nearly 100 million consumers in remote regions.
Commitment to Agriculture
Sustained investments in agriculture technology and supply chain innovation led to significant breakthroughs in yield, efficiency, and energy consumption.
Global Business Strategy
Continued focus on supplying high-quality products to global consumers while maintaining high compliance standards and exploring new business models.
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PDD Holdings (PDD) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PDD Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Mar 20, 2025
$125.92
$130.92
+3.97%
Nov 21, 2024
$116.49
$104.09
-10.64%
Aug 26, 2024
$139.87
$100.00
-28.51%
May 22, 2024
$145.45
$147.09
+1.13%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PDD Holdings (PDD) report earnings?
PDD Holdings (PDD) is schdueled to report earning on May 23, 2025, TBA Not Confirmed.
What is PDD Holdings (PDD) earnings time?
PDD Holdings (PDD) earnings time is at May 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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