PDD Q2 revenue reached 103.98 billion yuan, adjusted earnings per ADS of 22.07 yuan exceeded expectations | Financial Report Insights
PDD's revenue for the second quarter was RMB 103.98 billion, exceeding the expected RMB 103.93 billion. Adjusted earnings per ADS were RMB 22.07, far surpassing the estimated RMB 15.50. Net profit was RMB 32.71 billion, also higher than the expected RMB 22.39 billion. The net cash flow from operating activities was RMB 21.64 billion. PDD's U.S. stock rose nearly 10% in pre-market trading
PDD's revenue for the second quarter was RMB 103.98 billion, estimated at RMB 103.93 billion. PDD's adjusted earnings per ADS for the second quarter were RMB 22.07, estimated at RMB 15.50.
Adjusted net profit was RMB 32.71 billion, estimated at RMB 22.39 billion.
General and administrative expenses were RMB 1.53 billion, estimated at RMB 1.91 billion.
R&D expenses were RMB 3.59 billion, estimated at RMB 3 billion.
Earnings per American Depositary Share were RMB 20.75, estimated at RMB 14.18.
Net cash flow from operating activities was RMB 21.64 billion.
PDD's stock rose nearly 10% in pre-market trading in the U.S.
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