PDD | Pinduoduo's Adjusted Profit Declined 12% Last Quarter

SighingCashier · 2026-03-25T11:33:32+00:00

Pinduoduo's net profit for the fourth quarter of 2022 was 24.541 billion yuan, a decrease of 10.59% year-over-year; revenue rose to 123.912 billion yuan, an increase of 12.03%. The full year net profit was 99.364 billion yuan, down 11.62%, with revenue reaching 431.846 billion yuan, up 9.65%. The Vice President of Finance stated that changes in the external environment necessitate increased investment to satisfy consumer needs.

SighingCashier

2026-03-25 11:33:32

Abstract generation in progress

Pinduoduo (PDD) announced that net profit for the fourth quarter of last year was 24.541 billion yuan (RMB), a decrease of 10.59% year-on-year; revenue was 123.912 billion yuan, up 12.03%; operating profit was 27.719 billion yuan, an increase of 8.31%. Non-GAAP net profit was 26.295 billion yuan, down 11.91%.

For the full year, net profit was 99.364 billion yuan, down 11.62%; revenue was 431.846 billion yuan, up 9.65%; operating profit was 94.624 billion yuan, a decrease of 12.73%.

Vice President of Finance Jun Liu stated that external environment and competitive landscape are changing rapidly. To meet the evolving needs of consumers, continuous exploration and increased investment are necessary, and these investments will inevitably impact financial performance.

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