US · Consumer Cyclical · Internet Retail
EPS came in at 2.72 against a street estimate of 2.69 — a beat of 1.1%.
Analysts rate PDD Holdings Inc. a buy (21 buy, 14 hold, 2 sell out of 37) with an average price target of $115.06.
MIXED PDD grew revenue 8% YoY to RMB 112.4B but net income fell 12% amid heavy R&D and governance investments. Management emphasizes long-term supply chain upgrading and compliance over near-term profitability; first-party brand rollout slower than expected. Q2 2026 Domestic supply chain initiatives progressing with CNY 100B program; global business facing near-term regulatory pressure from EU tariffs but management emphasizing long-term local infrastructure buildout. Analysts pressed on EU tariff impact and first-party brand progress. Management acknowledged near-term cross-border pressure but reframed as catalyst to deepen local infrastructure and supply chain resilience over medium term. 2026-08-24…
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| Fund | Stake |
|---|---|
| BlackRock Inc | 2.25% |
| Baillie Gifford & Co Limited. | 1.87% |
| H&H International Investment, LLC | 1.76% |
| Vanguard Capital Management, LLC | 1.73% |
| Amvescap Plc. | 1.56% |
| The Goldman Sachs Group Inc | 0.98% |
| HSG Holding Ltd | 0.80% |
| Himalaya Capital Management LLC | 0.76% |
| Document | Date |
|---|---|
| Quarterly results (6-K) · Q2 2026 HEADLINE NUMBERS • Q2 2026 revenue rose 8% year over year to RMB112.4 billion (US$16.6 billion), from RMB104.0 billion. • Operating profit increased | 2026-08-25 |
| Current report (6-K) · Q3 2026 OTHER NOTABLE POINTS • PDD Holdings announced the death of independent director Dr. Ivonne M.C.M. Rietjens in August 2026 at age 67. • Dr. Rietjens | 2026-08-21 |
| Quarterly results (6-K) · Q1 2026 HEADLINE NUMBERS • Q1 2026 revenue was RMB106.2 billion (US$15.4 billion), up 11% from RMB95.7 billion. • Operating profit was RMB19.6 billion (US$2. | 2026-05-28 |
| Annual report FY2025 (20-F) HEADLINE NUMBERS • The document is PDD Holdings Inc.’s Form 20-F annual report for the fiscal year ended December 31, 2025, prepared under U.S. GAAP. | 2026-04-29 |
| Quarterly results (6-K) · Q4 2025 HEADLINE NUMBERS • Q4 2025 revenue rose 12% year over year to RMB123,912.2 million (US$17,719.2 million), from RMB110,610.1 million. • Q4 operating | 2026-03-26 |
| Annual report FY2024 (20-F) | 2025-04-28 |
| Annual report FY2023 (20-F) | 2024-04-25 |
| Annual report FY2022 (20-F) | 2023-04-26 |
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Open in the appGoogle PlayApp StoreData updated 2026-10-18.