On November 21, pdd holdings announced the 2024 Q3 financial report in pre-market trading on the US stock market, with the following data:

• Q3 revenue of 99.354 billion yuan (RMB, the same below), a year-on-year growth of 44%;

• In Q3, the net income was 24.981 billion yuan, a year-on-year increase of 61%;

• In Q3, the adjusted net income was 27.459 billion yuan, a year-on-year increase of 61%;

• In Q3, online marketing services and other income amounted to 49.351 billion yuan; trade service revenue was 50.003 billion yuan;

• The adjusted earnings per ADS was 18.59 yuan;

In addition, as of September 30, 2024, pdd holdings had cash, cash equivalents, and short-term investments amounting to 308.5 billion yuan (44 billion US dollars), compared to 217.2 billion yuan as of December 31, 2023.

Chen Lei of pdd holdings stated that, beyond financial data, we value more the long-term value brought by ecological investment. In the next few quarters, pdd holdings will continue to invest in 'new quality supply' and 'e-commerce expansion to the west' and other global strategy, bringing longer-term returns to users, merchants, and industries.

Editor/ping