Pinduoduo Rose Over 4% in Morning Trading after Mixed Earnings Report

Tiger Newspress2022-03-21

Pinduoduo rose over 4% in morning trading after mixed earnings report.

Pinduoduo Inc(NASDAQ:PDD) reported fourth-quarter FY21 revenue growth of 3% year-on-year to $4.27 billion, missing the consensus of $4.76 billion.

Average monthly active users rose 2% Y/Yto 733.4 million.Active buyers in the twelve months ended December 31, 2021, increased 10% Y/Y to 868.7 million. Annual spending per active buyer rose 33% Y/Y to $441.0.

Revenues from online marketing services and others rose 19% Y/Y to $3.52 billion.Revenues from transaction services jumped 108% Y/Y to $741.3 million.Revenues from merchandise sales declined 98% Y/Y to $12.8 million.

Pinduoduo posted a non-GAAP operating profit of $1.32 billion.Non-GAAP earnings per ADS of $0.92 beat the consensus of $0.35.

Pinduoduo held $14.6 billion in cash and equivalents and generated $2.57 billion in operating cash flow.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
11