PDD Holdings misses estimates, stock tumbles on revenue growth concerns
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PDD Holdings Announces Second Quarter 2024 Unaudited Financial Results
August 26, 2024 6:30 AM EDTDUBLIN and SHANGHAI, Aug. 26, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (PDD Holdings or the Company) (NASDAQ: PDD), today announced its unaudited financial results for the second quarter ended June 30, 2024.
Second Quarter 2024 Highlights
Total revenues in the quarter were RMB97,059.5 million (US$113,355.8 million), an increase of 86% from RMB52,280.7 million in the same quarter of 2023.Operating profit in the quarter was RMB32,564.5 million (US$4,481.0 million), an increase of 156% from RMB12,718.8 million... More
