Categories Earnings, Technology

Pinduoduo (PDD): Q4 2019 Earnings Snapshot

— Pinduoduo Inc. (NASDAQ: PDD) reported Q4 2019 adjusted net loss per ADS of RMB0.72 ($0.12) vs. RMB1.72 in the same period last year.

— Revenues grew 91% to RMB10.7 billion ($1.5 billion) versus last year.  

— GMV in the twelve-month period ended December 31, 2019 was RMB1,006.6 billion ($144.6 billion), up 113% from the same period last year.

— Average monthly active users were 481.5 million, an increase of 77% from last year.

— Active buyers in the twelve-month period ended December 31, 2019 were 585.2 million, up 40% from the same period last year.

— Annual spending per active buyer in the twelve-month period ended December 31, 2019 was RMB1,720.1 ($247.1), up 53% from the same period last year.

— Revenues from online marketing services were RMB9,686.7 million ($1,391.4 million), an increase of 91% from the prior-year quarter.

— Revenues from transaction services were RMB1,106 million ($158.9 million), an increase of 87% from last year.

— PDD shares were down 4.4% in premarket hours on Wednesday.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Aurora Cannabis (ACB) Earnings: 3Q21 Key Numbers

Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as

Walt Disney (DIS) Q2 revenue down 13%; earnings beat estimates

Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and

Three key factors that bode well for Tattooed Chef (TTCF) going forward

Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top