Pre-market drop of over 11%! PDD Q1 revenue of 95.67 billion yuan misses expectations | Earnings report insights

PDD's adjusted earnings per ADS for the first quarter is RMB 11.41, estimated at RMB 19.11. PDD's US stock pre-market fell over 11%.

Specifically:

Adjusted earnings per ADS is RMB 11.41, estimated at RMB 19.11

Revenue is RMB 95.67 billion, estimated at RMB 101.6 billion

Adjusted net profit is RMB 16.92 billion, estimated at RMB 27.88 billion

General and administrative expenses are RMB 1.66 billion, estimated at RMB 2.04 billion

R&D expenses are RMB 3.58 billion, estimated at RMB 3.39 billion

Earnings per share for American Depositary Receipts is RMB 9.94, estimated at RMB 17.68

Net cash flow from operating activities is RMB 15.52 billion

Continuously updating