Pinduoduo (PDD) rises after topping earnings, revenue expectations
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PDD Holdings Announces First Quarter 2023 Unaudited Financial Results
May 26, 2023 6:30 AM EDTDUBLIN and SHANGHAI, May 26, 2023 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (PDD Holdings or the Company) (NASDAQ: PDD), today announced its unaudited financial results for the first quarter ended March 31, 2023.
First Quarter 2023 Highlights
Total revenues in the quarter were RMB37,637.1 million (US$15,480.4 million), an increase of 58% from RMB23,793.7 million in the same quarter of 2022. Operating profit in the quarter was RMB6,929.0 million (US$1,008.9 million), an increase of 222% from... More