PDD Holdings reported strong financial results for Q4 2024 and FY 2024, showing significant revenue growth.

From GlobeNewswire: 2025-03-20 06:30:31

PDD Holdings Inc. reported unaudited financial results for Q4 2024, with total revenues of RMB110,610.1 million, an increase of 24% from the same quarter in 2023. Operating profit was RMB25,592.2 million, a 14% increase from Q4 2023. Net income attributable to ordinary shareholders was RMB27,446.6 million, up 18% from the previous year. The company remains committed to sustainable growth and driving high-quality development strategies in e-commerce. In fiscal year 2024, total revenues reached RMB393,836.1 million, a 59% increase from 2023, driven by growth in online marketing and transaction services.

In Q4 2024, revenues from online marketing services and others were RMB57,011.1 million, up 17% from Q4 2023, while transaction services revenues were RMB53,599.0 million, a 33% increase year-over-year. Total operating expenses were RMB37,219.5 million, a 19% increase from the same quarter in 2023. Operating profit for the quarter was RMB25,592.2 million, with net income attributable to ordinary shareholders at RMB27,446.6 million. Cash, cash equivalents, and short-term investments totaled RMB331.6 billion as of December 31, 2024, compared to RMB217.2 billion in 2023.

The company will hold an earnings conference call on March 20, 2025, at 7:30 AM ET. PDD Holdings uses non-GAAP financial measures to assess performance, excluding share-based compensation expenses and other factors. The company’s forward-looking statements are subject to risks and uncertainties. PDD Holdings aims to bring more businesses and individuals into the digital economy for increased productivity and opportunities. The company’s total assets as of December 31, 2024, were RMB505,034.316 million, with total liabilities and shareholders’ equity of RMB505,034.316 million.



Read more at GlobeNewswire: PDD Holdings Announces Fourth Quarter 2024 and Fiscal Year