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Wednesday, November 20, 2019

-=Pinduoduo (PDD) reported earnings on Wed 20 Nov 2019 (b/o)



Pinduoduo misses by RMB 0.92, reports revs in-line
  • Reports Q3 (Sep) loss of RMB 1.44 per share, excluding non-recurring items, RMB 0.92 worse than the S&P Capital IQ Consensus of (RMB 0.52); revenues rose 122.8% year/year to RMB 7.51 bln vs the RMB 7.58 bln S&P Capital IQ Consensus.
  • GMV in the twelve-month period ended September 30, 2019 was RMB840.2 billion (US$2117.5 billion), an increase of 144% from RMB344.8 billion in the twelve-month period ended September 30, 2018.
  • Average monthly active users in the quarter were 429.6 million, an increase of 85% from 231.7 million in the same quarter of 2018.

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