Pinduoduo Announces Fourth Quarter and Fiscal Year 2018 Results
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Pinduoduo (PDD) Misses Q1 EPS by 2c, Revenues Beat
March 13, 2019 6:56 AM EDTPinduoduo (NASDAQ: PDD) reported Q1 EPS of ($0.24), $0.02 worse than the analyst estimate of ($0.22). Revenue for the quarter came in at $822.3 million versus the consensus estimate of $758.84 million.
Total revenues were RMB5,653.9 million (US$822.3 million), an increase of 379% from RMB1,179.4 million in the same quarter of 2017 and an increase of 68% sequentially from RMB3,372.4 million in the previous quarter. The increases were primarily due to an increase in revenues from online marketing services.Revenues from online marketing services were RMB5,062.4 million (US$736.3 million), an increase of 470% from RMB887.6 million in the same quarter of 2017,... More