Inferra AIResearch Tools

Inferra AI / Company / PDD

PDD Holdings

PDD · Consumer Discretionary

Last earnings Aug 25, 2026

Key results

Total revenuequarter

US$ 1

Second Quarter 2025 Highlights · Total revenues in the quarter were RMB103,984.8 million (US$ 1 14,515.7 million), an increase of 7% from RMB97,059.5 million in the same quarter of 2024.

SEC original ↗PDD Holdings — Earnings release (6-K exhibit)EX-99Aug 25, 2025

Net incomequarter

US$4,293.0 million

· Net income attributable to ordinary shareholders in the quarter was RMB30,753.5 million (US$4,293.0 million), a decrease of 4% from RMB32,009.4 million in the same quarter of 2024.

SEC original ↗PDD Holdings — Earnings release (6-K exhibit)EX-99Aug 25, 2025

Non-GAAP net incomequarter

US$4,565.9 million

Non-GAAP net income attributable to ordinary shareholders in the quarter was RMB32,708.4 million (US$4,565.9 million), a decrease of 5% from RMB34,432.1 million in the same quarter of 2024.

SEC original ↗PDD Holdings — Earnings release (6-K exhibit)EX-99Aug 25, 2025

1 Second Quarter 2025 Unaudited Financial Results Total revenues were RMB103,984.8 million (US$14,515.7 million), an increase of 7% from RMB97,059.5 million in the same quarter of 2024.

SEC original ↗PDD Holdings — Earnings release (6-K exhibit)EX-99Aug 25, 2025

Revenuequarter

US$7,775.9 million

· Revenues from online marketing services and others were RMB55,703.2 million (US$7,775.9 million), an increase of 13% from RMB49,115.9 million in the same quarter of 2024.

SEC original ↗PDD Holdings — Earnings release (6-K exhibit)EX-99Aug 25, 2025

· Revenues from transaction services were RMB48,281.6 million (US$6,739.9 million), compared with RMB47,943.7 million in the same quarter of 2024.

SEC original ↗PDD Holdings — Earnings release (6-K exhibit)EX-99Aug 25, 2025

Total costs of revenues were RMB45,858.9 million (US$6,401.7 million), an increase of 36% from RMB33,698.1 million in the same quarter of 2024.

SEC original ↗PDD Holdings — Earnings release (6-K exhibit)EX-99Aug 25, 2025

Net income attributable to ordinary shareholders in the quarter was RMB30,753.5 million (US$4,293.0 million), a decrease of 4% from RMB32,009.4 million in the same quarter of 2024.

SEC original ↗PDD Holdings — Earnings release (6-K exhibit)EX-99Aug 25, 2025

AI analysis

Q2 2025 · reported Aug 25, 2025

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Revenue · Q2 2025
US$7,775.9M
EX-99 · Aug 25, 2025
Net income · Q2 2025
US$4,293.0M
EX-99 · Aug 25, 2025
Non-GAAP net income · Q2 2025
US$4,565.9M
EX-99 · Aug 25, 2025
Total revenue · Q2 2025
US$ 1
EX-99 · Aug 25, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Total revenueUS$ 1——
Net incomeUS$4,293.0 million——
Non-GAAP net incomeUS$4,565.9 million——
RevenueUS$7,775.9 million——

EX-99 · Aug 25, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Other non-current assets were RMB85.0 billion (US$11.9 billion) as of June 30, 2025, compared with RMB83.4 billion as of December 31, 2024, which mainly included time deposits, held-to-maturity debt securities, and available-for-sale debt securities.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

PDD Holdings Announces Second Quarter 2025 Unaudited Financial Results DUBLIN and

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Other non-current assets were RMB85.0 billion (US$11.9 billion) as of June 30, 2025, compared with RMB83.4 billion as of December 31, 2024, which mainly included time deposits, held-to-maturity debt securities, and available-for-sale debt securities.

SEC original ↗PDD Holdings — Earnings release (6-K exhibit)EX-99Aug 25, 2025

Strategy & priorities

“In the past quarter, we continued to invest in merchant support initiatives, and are encouraged by the progress made towards a healthier and more sustainable platform ecosystem,” said Mr.

SEC original ↗PDD Holdings — Earnings release (6-K exhibit)EX-99Aug 25, 2025

“We remain steadfast in our commitment to supporting the vitality of the ecosystem, prioritizing long-term impact over short-term results.

SEC original ↗PDD Holdings — Earnings release (6-K exhibit)EX-99Aug 25, 2025

"As we remain focused on long-term value creation, the sustained investments may continue to weigh on short-term profitability.

SEC original ↗PDD Holdings — Earnings release (6-K exhibit)EX-99Aug 25, 2025

Among other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements.

SEC original ↗PDD Holdings — Earnings release (6-K exhibit)EX-99Aug 25, 2025

Risks & headwinds

Forward-looking statements involve inherent risks and uncertainties.

SEC original ↗PDD Holdings — Earnings release (6-K exhibit)EX-99Aug 25, 2025

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Amazon (AMZN) Consumer DiscretionaryTesla, Inc. (TSLA) Consumer DiscretionaryAlibaba Group (BABA) Consumer DiscretionaryeBay Inc. (EBAY) Consumer DiscretionaryToyota Motor (TM) Consumer DiscretionaryO'Reilly Automotive (ORLY) Consumer DiscretionaryLi Auto Inc. (LI) Consumer DiscretionaryV F Corp (VFC) Consumer Discretionary
Documents

Filings

83 documents

Earnings releases

31 documents

Presentations

0 documents

No presentations for PDD Holdings are held in this edition of the library.

Transcripts

0 documents

No transcripts for PDD Holdings are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention PDD Holdings by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.