Pinduoduo Announces Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results
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Pinduoduo (PDD) Reports Q4 Loss of $0.12 on Revenues of $1.55B
March 11, 2020 5:51 AM EDTPinduoduo (NASDAQ: PDD) reported Q4 EPS of ($0.12). Revenue for the quarter came in at $1.55 billion, versus $0 reported last year.
Fourth Quarter 2019 Highlights
Basic and diluted net loss per ADS were RMB1.52 (US$0.20), compared with RMB2.16 in the same quarter of 2018. Non-GAAP basic and diluted net loss per ADS were RMB0.72 (US$0.12), compared with RMB1.72 in the same quarter of 2018.GMV1 in the twelve-month period ended December 31, 2019 was RMB1,006.6 billion (US$2144.6 billion), an increase of 113% from... More