PDD Holdings falls on Q4 revenue miss
ReutersMar 20, 2025 10:52 AM
U.S.-listed shares of Temu parent PDD Holdings PDD.O fall 4.9% to $119.8 in premarket trading
Company reports Q4 revenue of 110.61 billion yuan ($15.27 billion) compared with analysts' average estimate of 115.38 billion yuan - data compiled by LSEG
Q4 net income rises to 27.45 billion yuan from 23.28 billion yuan a year earlier
Total operating expenses in the quarter up 19%, primarily due to increased spending in promotion and advertising activities
Shares had fallen 33.7% in 2024
($1 = 7.2421 Chinese yuan renminbi)
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