BerniceCarter
2023-11-30

$Pinduoduo Inc.(PDD)$ smashed earnings now currently up 18% 🚀

Q3 Highlights:

EPS GAAP:

$1.24 (Beat by $0.38) 🚀

Revenue:

$7.18B Beat by $1.15B 🚀

✅RMB68.8b (US$19b), increased 94% from RMB35.5b (US$5b) in the same quarter of 2022.

✅Operating profit in the quarter was RMB16.65b(US$2.28b), increased 60% YoY

✅Non-GAAP operating profit in the quarter was RMB$18.1b (US$2.4b), an increase of 47% from RMB12.3b YoY

✅Net income attributable to ordinary shareholders in the quarter was RMB15.5b million US$2.1b, an increase of 47% YoY

✅ Non-GAAP net income attributable to ordinary shareholders in the quarter was RMB17.b (US$2.3b), increased YoY

✅Basic earnings per ADS was RMB11.38 (US$1.56) and diluted earnings per ADS was RMB10.60 (US$1.45)

VP of Finance: "Revenues from online marketing services and others were RMB39.7 billion this quarter, up 39% from the same quarter of 2022. Revenues from transaction services were RMB29.1 billion, up 315% from the same quarter last year."

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