PDD's Rising Profits Fail to Compensate for E-Commerce Expansion Challenges
- PDD Holdings reported mixed Q3 2025 results: $15.21B revenue missed forecasts by $90M despite $2.96 non-GAAP EPS beating estimates by $0.63. - E-commerce growth slowed amid intensified competition in China and U.S. regulatory shifts impacting Temu's operations. - Profitability showed resilience with 14% YoY net income growth to $4.41B, driven by cost discipline and 41% R&D spending increase. - $59.5B cash reserves highlight financial strength, but Q4 revenue projections face risks from pricing wars and g
PDD Holdings Inc. (PDD), which owns China's Pinduoduo and the U.S.-oriented Temu, posted a mixed set of results for the third quarter of 2025. Despite outperforming profit forecasts, its shares slipped 3.6% in premarket trading. The company reported non-GAAP earnings per American depositary share (EPADS) of $2.96, exceeding analyst predictions by $0.63, while total revenue reached $15.21 billion
The revenue miss, which
Nonetheless, the company demonstrated solid profitability.
Cash holdings
Looking forward, PDD's growth outlook remains uncertain due to macroeconomic challenges. While revenue growth
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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