PDD Holdings Full Year 2024 Earnings: Misses Expectations

PDD Holdings (NASDAQ:PDD) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥393.8b (up 59% from FY 2023).
• Net income: CN¥112.4b (up 87% from FY 2023).
• Profit margin: 28% (up from 24% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥81.24 (up from CN¥44.33 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

PDD Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 1.4%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Multiline Retail industry in the US.

Performance of the American Multiline Retail industry.

The company's shares are up 5.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on PDD Holdings' balance sheet.

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