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.

Also Read:  Microsoft earnings preview: Expect thunderstorms out of the cloud

Most Popular

Cloudera (CLDR) posts narrower loss in Q1, beats estimates

Cloudera Inc. (NYSE: CLDR) reported a narrower loss in the first quarter of 2021 driven by lower costs and expenses as well as higher revenue. The results exceeded analysts' expectations.

CrowdStrike (CRWD): Shift to digital transformation presents huge expansion opportunity

CrowdStrike Holdings Inc. (NASDAQ: CRWD) has witnessed strong momentum with the stock gaining over 96% since the beginning of the year. The company delivered strong results for the first quarter

Why Zscaler (ZS) stock reached all-time high on Monday?

Internet security has been evolving over time, aided by the rapid adoption of cloud computing, the ubiquity of mobile phones, and the growing threats that cause serious problems to enterprises

Top