YahooAugust 27, 2026 at 4:54 PM NY7 days ago

PDD (PDD) Grew Revenue 8% but GAAP Net Income Fell 12%. Are Merchant Investments Producing Enough Growth?

PDD Holdings Inc. (NASDAQ:PDD) reported second-quarter revenue of RMB112.4 billion, up 8% year over year but below the RMB116.35 billion consensus estimate. GAAP net income attributable to ordinary shareholders declined 12% to RMB27.2 billion, while total operating expenses increased 13% to RMB36.6 billion. Shares gained approximately 3% in premarket trading following the results. However, PDD […]

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