Pinduoduo Announces Third Quarter 2020 Unaudited Financial Results
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Pinduoduo (PDD) Tops Q3 EPS by 12c, Revenues Beat
November 12, 2020 5:55 AM ESTPinduoduo (NASDAQ: PDD) reported Q3 EPS of ($0.05), $0.12 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $2.09 billion versus the consensus estimate of $1.86 billion.
Third Quarter 2020 Highlights
GMV1 in the twelve-month period ended September 30, 2020 was RMB1,457.6 billion (US$2214.7 billion), an increase of 73% from RMB840.2 billion in the twelve-month period ended September 30, 2019.Total revenues in the quarter were RMB14,209.8 million (US$2,092.9 million), an increase of 89% from RMB7,513.9 million in the same quarter of 2019.Average monthly active... More