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Wednesday, August 21, 2019

Pinduoduo (PDD) reported earnings on Wed 21 Aug 2019 (b/o)

** charts after earnings **


Pinduoduo beats by $0.15; beats on RMB revs

  • Reports Q2 (Jun) loss of $0.04 per share, $0.15 better than the S&P Capital IQ Consensus of ($0.19); revenues rose 169.1% year/year to RMB 7.29 bln vs the RMB 6.15 bln S&P Capital IQ Consensus.
  • GMV in the twelve-month period ended June 30, 2019 was RMB709.1 billion, an increase of 171% from RMB 262.1 billion in the twelve-month period ended June 30, 2018.
  • Average monthly active users in the quarter were 366.0 million, an increase of 88% from 195.0 million in the same quarter of 2018.
  • Co also announced the appointment of Anthony Kam Ping Leung to serve as an independent director of the Company, effective on August 21, 2019.
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