Temu Owner, PDD Holdings Inc. (PDD, Financial) shares nosedived about 6% on Thursday pre market trading after reported its Q4 results. Revenue came in at $15.15 billion, falling short of expectations by $860 million. Meanwhile, Non-GAAP EPADS of $2.76, slightly beating estimates by $0.04.
Online marketing services and related revenue climbed to RMB57,011.1 million (approximately US$7,810.5 million), marking a 17% rise from the same quarter last year.
Transaction services revenue surged 33%, reaching RMB53,599.0 million (US$7,343.0 million) compared with RMB40,205.4 million in Q4 2023.
For fiscal year 2024, PDD recorded total revenues of RMB393.84 billion (approximately $53.96 billion), reflecting a 59% increase from 2023. Meanwhile, net income attributable to shareholders climbed by 87%, reaching RMB112.43 billion (around $15.4 billion).
Despit miss revenue estimate, the quarterly report shows PDD Holdings strides in both their online and transaction services which have contributed to improving the digital commerce ecosystem despite broader economic headwinds in 2025.
