Pinduoduo Q1 2025: Revenue Up 10%, Profit Down Amid Increased Merchant Support

Earnings Call

May 27

1. Q1 2025 Financial Highlights:
- Total revenues: RMB 95.7 billion, up 10% year-over-year
- Online marketing services revenue: RMB 48.7 billion, up 15% year-over-year
- Transaction services revenue: RMB 7 billion, up 6% year-over-year
- Operating profit (GAAP): RMB 16.1 billion, down from RMB 26 billion in Q1 2024
- Net income attributable to shareholders: RMB 14.7 billion, down from RMB 28 billion in Q1 2024

2. Strategic Focus:
- Launched 100 billion merchant support program to help merchants adapt to challenges
- Increased investments in platform ecosystem and merchant relationships
- Expanded fee reduction initiatives and merchant support measures
- Focus on long-term intrinsic value over short-term financial results

3. Challenges and Outlook:
- Slowdown in revenue growth due to rapid changes in external environment
- Profit decline attributed to increased investments in merchant support
- Management expects continued pressure on profitability in the short to medium term
- Committed to long-term investments in platform ecosystem and high-quality development strategy
Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Q1 2025 Financial Highlights:<br>   - Total revenues: RMB 95.7 billion, up 10% year-over-year<br>   - Online marketing services revenue: RMB 48.7 billion, up 15% year-over-year<br>   - Transaction services revenue: RMB 7 billion, up 6% year-over-year<br>   - Operating profit (GAAP): RMB 16.1 billion, down from RMB 26 billion in Q1 2024<br>   - Net income attributable to shareholders: RMB 14.7 billion, down from RMB 28 billion in Q1 2024<br><br>2. Strategic Focus:<br>   - Launched 100 billion merchant support program to help merchants adapt to challenges<br>   - Increased investments in platform ecosystem and merchant relationships<br>   - Expanded fee reduction initiatives and merchant support measures<br>   - Focus on long-term intrinsic value over short-term financial results<br><br>3. Challenges and Outlook:<br>   - Slowdown in revenue growth due to rapid changes in external environment<br>   - Profit decline attributed to increased investments in merchant support<br>   - Management expects continued pressure on profitability in the short to medium term<br>   - Committed to long-term investments in platform ecosystem and high-quality development strategy<br>Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pinduoduo Q1 2025: Revenue Up 10%, Profit Down Amid Increased Merchant Support</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPinduoduo Q1 2025: Revenue Up 10%, Profit Down Amid Increased Merchant Support\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1002722034\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/decf3d8a922fc5c1c1d787bf8b36173f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Earnings Call </p>\n<p class=\"h-time\">2025-05-27 20:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<br>1. Q1 2025 Financial Highlights:<br>   - Total revenues: RMB 95.7 billion, up 10% year-over-year<br>   - Online marketing services revenue: RMB 48.7 billion, up 15% year-over-year<br>   - Transaction services revenue: RMB 7 billion, up 6% year-over-year<br>   - Operating profit (GAAP): RMB 16.1 billion, down from RMB 26 billion in Q1 2024<br>   - Net income attributable to shareholders: RMB 14.7 billion, down from RMB 28 billion in Q1 2024<br><br>2. Strategic Focus:<br>   - Launched 100 billion merchant support program to help merchants adapt to challenges<br>   - Increased investments in platform ecosystem and merchant relationships<br>   - Expanded fee reduction initiatives and merchant support measures<br>   - Focus on long-term intrinsic value over short-term financial results<br><br>3. Challenges and Outlook:<br>   - Slowdown in revenue growth due to rapid changes in external environment<br>   - Profit decline attributed to increased investments in merchant support<br>   - Management expects continued pressure on profitability in the short to medium term<br>   - Committed to long-term investments in platform ecosystem and high-quality development strategy<br>Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PDD","symbol_name":"拼多多","start_time":0,"source_url":"","article_id":"1168180374","we_media_id":"1002722034","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1168180374","pubTimestamp":1748347319,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Earnings Call","introduction":"real-time reporting","home_visible":1,"id":"1002722034","head_image":"https://community-static.tradeup.com/news/decf3d8a922fc5c1c1d787bf8b36173f"},"summary":"1. Q1 2025 Financial Highlights:   - Total revenues: RMB 95.7 billion, up 10% year-over-year   - Online marketing services revenue: RMB 48.7 billion, up 15% year-over-year   - Transaction services rev","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PDD":"拼多多"},"translate_title":"拼多多2025年第一季度：由于商家支持增加，收入增长10%，利润下降","themeId":"420c881ce97542b5b8005cd894539966","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PDD":1},"content_text":"1. Q1 2025 Financial Highlights:   - Total revenues: RMB 95.7 billion, up 10% year-over-year   - Online marketing services revenue: RMB 48.7 billion, up 15% year-over-year   - Transaction services revenue: RMB 7 billion, up 6% year-over-year   - Operating profit (GAAP): RMB 16.1 billion, down from RMB 26 billion in Q1 2024   - Net income attributable to shareholders: RMB 14.7 billion, down from RMB 28 billion in Q1 20242. Strategic Focus:   - Launched 100 billion merchant support program to help merchants adapt to challenges   - Increased investments in platform ecosystem and merchant relationships   - Expanded fee reduction initiatives and merchant support measures   - Focus on long-term intrinsic value over short-term financial results3. Challenges and Outlook:   - Slowdown in revenue growth due to rapid changes in external environment   - Profit decline attributed to increased investments in merchant support   - Management expects continued pressure on profitability in the short to medium term   - Committed to long-term investments in platform ecosystem and high-quality development strategyDisclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"earningsCall","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}