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: