Pinduoduo ADR

US7223041028

PDD

PDD

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:

• 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

#earnings
#quartalszahlen