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拼多多发布Q1财报:Q1营收238亿,同比增长7%

Pinduoduo released its Q1 earnings report: Q1 revenue was 23.8 billion, up 7% year on year

富途資訊 ·  May 27, 2022 18:37

5/27,$Pinduoduo (PDD.US) $Financial results for the first quarter of 2022 were released. As of March 31, 2022, the number of active Pinduo buyers for many years reached 881.9 million, an increase of 7% over the previous year. This quarter, the average number of active monthly users of the Pinduoduo App reached 751.3 million, an increase of 4% over the previous year. In the first quarter, Pinduoduo's revenue was 23.8 billion yuan, an increase of 7% over the previous year. Operating profit under the US GAAP was 2.2 billion yuan.

“The increase in revenue this quarter was mainly due to increased activity and transaction volume among platform merchants.” Liu Jun, vice president of finance at Pinduoduo, said that under the premise that user growth is slowing down, the platform has paid more attention to deepening the field of technology over the past few quarters, used technological innovation to provide more diversified services to consumers and merchants, and greatly improved the platform's production efficiency.

In the first quarter, under GAAP, Pinduoduo's marketing expenses fell 14% year over year, and the ratio of marketing expenses to revenue fell further to 47%, compared to 59% in the same period in 2021. At the same time, due to the increase in the number of employees and the recruitment of more senior R&D personnel, Pinduoduo's R&D expenses in the first quarter also reached a new high, increasing 20% over the previous year to 2.7 billion yuan.

Driven by a strategy of reducing marketing and focusing on R&D, the platform is gradually moving towards sustainable growth. Under US GAAP, operating profit for the quarter was 2.2 billion yuan, and net profit attributable to common shareholders was 2.6 billion yuan.

The translation is provided by third-party software.


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