PDD Holdings Inc (NASDAQ:PDD) reported fiscal first-quarter 2024 revenue growth of 131% year-on-year to $12.02 billion (86.81 billion Chinese yuan), beating the analyst consensus estimate of $10.65 billion.
The Chinese online retailer's adjusted earnings per ADS of $2.83 (CNY20.72) increased from CNY6.92 Y/Y, beating the analyst consensus estimate of $1.42.
Revenues from online marketing services and others rose 56% Y/Y to $5.88 billion.
Revenues from transaction services jumped 327% Y/Y to $6.14 billion.
The Alibaba Group Holding Limited (NYSE:BABA) rival posted an adjusted operating profit of $3.95 billion, up 237% Y/Y.
Pinduoduo held $33.5 billion in cash and equivalents as of March 31, 2024, and generated $2.92 billion in operating cash flow.
Mr. Jiazhen Zhao, Executive Director and Co-CEO of PDD Holdings said, "We will focus our efforts on improving the overall consumer experience, strengthening our supply chain capabilities, and fostering a healthy platform ecosystem."
The stock gained 131% in the last 12 months. Investors can gain exposure to the stock via ProShares Online Retail ETF (NYSE:ONLN) and Invesco China Technology ETF (NYSE: CQQQ).
Price Action: PDD shares traded higher by 5.14% at $152.92 at the last check on Wednesday.
Photo via Shutterstock
拼多多控股公司（納斯達克股票代碼：PDD）報告稱，2024財年第一季度收入同比增長131％，達到120.2億美元（868.1億元人民幣），超過了分析師共識估計的106.5億美元。
這家中國在線零售商調整後的每股ADS收益爲2.83美元（人民幣20.72元），高於分析師普遍預期的1.42美元，高於分析師普遍預期的1.42美元。
在線營銷服務和其他服務的收入同比增長56％，達到58.8億美元。
交易服務收入同比增長327％，達到61.4億美元。
阿里巴巴集團控股有限公司（紐約證券交易所代碼：BABA）的競爭對手公佈調整後的營業利潤爲39.5億美元，同比增長237％。
截至2024年3月31日，拼多多持有335億美元的現金及等價物，創造了29.2億美元的運營現金流。
PDD Holdings執行董事兼聯席首席執行官趙家振先生表示：“我們將集中精力改善整體消費者體驗，加強供應鏈能力，培育健康的平台生態系統。”
該股在過去12個月中上漲了131％。投資者可以通過ProShares在線零售ETF（紐約證券交易所代碼：ONLN）和景順中國科技ETF（紐約證券交易所代碼：CQQQ）獲得股票敞口。
價格走勢：在週三的最後一次支票中，PDD股價上漲5.14％，至152.92美元。
照片來自 Shutterstock
