bullish

PDD Holdings

Pinduoduo (PDD): 2Q23, Revenue Significantly Higher Than Consensus, Buy

306 Views30 Aug 2023 01:25
Revenue increased by 66% YoY to RMB52 bn, significantly higher than the market consensus RMB43 bn. The op margin declined to 24% in 2Q23 from 28% in 2Q22 due to aggressive expansion outside China.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 3-minute read)
Discussions
(Paid Plans Only)
chart-bar
x