PDD Holdings shares slide after revenue and profit miss
Key takeaways
- Total revenue for the quarter grew 11% year-on-year to RMB106.2 billion ($15.4 billion), missing consensus estimates of $15.9 billion by approximately 2.2%.
- GAAP earnings per share came in at $1.38, against an estimated $2.23.
- Gross profit reached RMB59.3 billion, with gross margins of approximately 55.9%.
PDD Holdings shares slide after revenue and profit miss PDD Holdings shares slide after revenue and profit miss Proactive uses images sourced from Shutterstock Proactive Wed, May 27, 2026 at 11:32 PM GMT+7 2 min read PDD PDD Holdings Inc (NASDAQ:PDD) shares fell nearly 11% on Wednesday after the Chinese e-commerce giant reported first-quarter revenue and profit that came in well below analyst expectations, even as the company unveiled an ambitious three-year supply chain investment program.
Total revenue for the quarter grew 11% year-on-year to RMB106.2 billion ($15.4 billion), missing consensus estimates of $15.9 billion by approximately 2.2%. Non-GAAP net profit of RMB14.1 billion fell sharply short of the consensus forecast of RMB24.6 billion.
GAAP earnings per share came in at $1.38, against an estimated $2.23.