PDD Holdings (PDD) Q4 (USD): EPS 2.53 (exp. 3.41), Revenue 17.7bln (exp. 18.05bln)

Newsquawk StaffPublished 25 Mar 2026, 10:50 UTC

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10:32

Russia is reviewing its energy supply chains amid Middle-East crisis; to prioritise neighbouring nations, Tass reports

10:31

Iran has added Spain to the list of nations allowed to transit the Strait of Hormuz

10:30

PDD Holdings (PDD) Q4 (USD): EPS 2.53 (exp. 3.41), Revenue 17.7bln (exp. 18.05bln)

10:21

A US bipartisan group of senators has reached a deal on capping the price of insulin at USD 35, Semafor reports

10:15

Coast-to-sea cruise missiles of the Iranian army targeted the US aircraft carrier Lincoln, according to CGTN Europe citing reports from Iran [Desk on the look out for further clarity/reports]

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Operating profit RMB 27.72bln (vs 25.59bln Y/Y)
Adj. operating profit RMB 29.47bln (vs 27.99bln Y/Y)

COMMENTARY

Firmly committed to our strategic focus on high-quality development
Supply chain investment is where it will place its greatest conviction
Committed to dedicating significant resources, with an all-in mindset, to drive lasting benefits to the entire ecosystem
External environment and competitive landscape are undergoing rapid changes, to meet the evolving needs of consumers, must continually explore and make investments
Investments are firm and long-term, will inevitably affect financial performance

Context

PDD Holdings reported earnings that fell short of expectations, with both EPS and revenue missing consensus estimates. Despite this, the company showed strong year-over-year growth in operating profit, indicating resilience in their business model, although their commentary suggests upcoming investments in supply chains, which may impact near-term profitability but could drive long-term benefits.

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