PDD Holdings Inc. Reports Q1 Financial Results

PDD Holdings Inc., a leading multinational commerce group listed on the Nasdaq, has released its first-quarter financial results for 2025, revealing a decline in both profit and revenue. The company, which operates in the Consumer Discretionary sector under the Internet & Catalog Retail industry, reported a significant drop in earnings compared to the previous year.

Earnings Decline

For the first quarter of 2025, PDD Holdings reported a net income of RMB14.741 billion, or RMB9.94 per share. This represents a substantial decrease from the RMB27.997 billion, or RMB18.96 per share, reported in the same quarter of the previous year. The decline in earnings has been attributed to several factors impacting both its domestic and international operations.

Revenue Misses

The company’s revenue also fell short of Wall Street estimates. PDD Holdings’ domestic platform, Pinduoduo, experienced weak consumer sentiment, while its international business, Temu, faced challenges due to uncertain global trade policies. As a result, the company missed quarterly revenue estimates, which has led to a decline in its stock price.

Financial Metrics

As of May 22, 2025, PDD Holdings’ close price was USD 119.24, with a market capitalization of USD 1.23 trillion. The company’s 52-week high was USD 155.67, reached on October 3, 2024, while the 52-week low was USD 87.11, recorded on April 9, 2025. The price-to-earnings ratio stood at 11.35.

Market Reaction

The financial results have had a noticeable impact on the market, with PDD Holdings’ shares experiencing a decline following the announcement. Analysts and investors are closely monitoring the company’s performance, particularly in light of the challenges faced by its key platforms.

Company Overview

PDD Holdings Inc. specializes in leveraging the digital economy to enhance productivity and create new opportunities for local communities and small businesses. The company has established a robust network of sourcing, logistics, and fulfillment capabilities to support its diverse portfolio of businesses. Founded in 2018, PDD Holdings continues to focus on expanding its global reach and strengthening its market position.

For more detailed information about PDD Holdings Inc. and its offerings, interested parties can visit the company’s website at www.pddholdings.com .