Straight back in!
Let’s see if they rebound in the next few days🤞🏻
Pinduoduo Income Statement $PDD (+1.13%)
$PDD Pinduoduo Q2 FY24.
• Revenue +86% Y/Y to $13.4B ($0.6B miss).
• Non-GAAP EPS $3.20 ($0.41 beat).
Jun Liu, VP of Finance:
"Looking ahead, revenue growth will inevitably face pressure due to intensified competition and external challenges. Profitability will also likely be impacted as we continue to invest resolutely.”
$PDD (+1.13%) | Pinduoduo Q2 FY24 Earnings Highlights:
🔹 Adjusted EPS: ¥23.24 (Est. ¥20.43) 🟢
🔹 Revenue: ¥97.06B (Est. ¥99.42B) 🔴; UP +86% YoY
🔹 Operating Profit: ¥32.56B; UP +156% YoY
🔹 Operating Margin: 36% (Est. 29%) 🟢
Segment Performance:
🔹 Transaction Services Revenue: ¥47.94B (Est. ¥50.02B) 🔴; UP +234% YoY
🔹 Online Marketing Services Revenue: ¥49.12B; UP +29% YoY
Key Metrics:
🔹 Net Income: ¥32.01B; UP +144% YoY
🔹 Net Cash from Operating Activities: ¥43.79B; UP from ¥23.40B YoY
🔹 Cash and Cash Equivalents: ¥284.9B as of June 30, 2024
CEO and Executive Commentary:
🔸 Mr. Lei Chen, Chairman and Co-CEO: "While encouraged by the solid progress we made in the past few quarters, we see many challenges ahead. We are committed to transitioning toward high-quality development and fostering a sustainable ecosystem.
"We will invest heavily in the platform’s trust and safety, support high-quality merchants, and relentlessly improve the merchant ecosystem. We are prepared to accept short-term sacrifices and potential decline in profitability.""
🔸 Ms. Jun Liu, VP of Finance: "In the past quarter, our revenue growth rate slowed quarter-on-quarter. Looking ahead, revenue growth will inevitably face pressure due to intensified competition and external challenges. Profitability will also likely to be impacted as we continue to invest resolutely."
🔸 Mr. Jiazhen Zhao, Executive Director and Co-CEO: "We are committed to nurturing a healthy and sustainable ecosystem where high-quality merchants thrive. We will vigorously support high-quality merchants while firmly tackling low-quality ones, continuously building a healthy and sustainable ecosystem."
I bet on $PDD (+1.13%) quarterly results but unfortunately it didn't work out.
I sold the 14 stocks and now i wait to reinvest it in the other stocks i already own in my portfolio.
I made this type of bet already a few months ago for the quarterly results of $NVDA (+3.67%) and that time it was a winning bet. You lose some, you win some. This is life. Now we move on and focus on other stocks.
$PDD (+1.13%) - Pinduoduo Q2 - Earnings Highlights:
Segment Performance:
Key Metrics:
The price target is $208.01 and the stock is covered by 39 analysts.
Buy
38
Hold
1
Sell
0
PDD Holdings Inc. is a multinational commerce company that owns and operates a portfolio of businesses. The Company is focused on bringing businesses and people into the digital economy, which benefits local communities and small businesses from improved productivity and new opportunities. The Company has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses.