【PDD Performance】Pinduoduo's Q4 Adjusted Profit Declined 12% YoY, Missing Expectations; US Stock Fell 2% in Pre-market Trading

SocialAnxietyStaker · 2026-03-25T14:01:40+00:00

Pinduoduo announced that its fourth-quarter revenue last year was 123.91 billion yuan, up 12%, with net profit of 24.54 billion yuan, down 11%. Full-year total revenue was 431.85 billion yuan, up 10%, with net profit of 99.36 billion yuan, down 12%. US stock futures fell about 2% in premarket trading.

SocialAnxietyStaker

2026-03-25 14:01:40

Abstract generation in progress

Pinduoduo (US: PDD) announced that last quarter’s revenue was 123.91 billion yuan (RMB), up 12% year-on-year, slightly above market expectations of 123.72 billion yuan. Net profit was 24.54 billion yuan, down 11% year-on-year. Adjusted net profit was 26.295 billion yuan, down 12%, below market expectations of 31.16 billion yuan.

Pinduoduo’s US stock price fell about 2% before the market opened.

Last quarter, revenue from online marketing services and other businesses was 60.01 billion yuan, up 5% year-on-year. Transaction service revenue was 63.9 billion yuan, up 19%.

For the full year, Pinduoduo’s total revenue was 431.85 billion yuan, up 10% year-on-year. Net profit was 99.36 billion yuan, and adjusted net profit was 107.3 billion yuan, both down 12%.

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