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.

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Also Read:  Baidu, Inc. (BIDU) Q3 2020 Earnings Call

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