PDD Holdings reports Q3 non-GAAP EPS RMB18.59, consensus RMB19.67

Reports Q3 revenue RMB99.35M, consensus RMB103.7B. “Over the past quarter, our focus remained on driving the high-quality development of the platforms,” said Co-CEO Lei Chen. “We are committed to investing consistently and patiently in our platform ecosystem to deliver impactful results over the long run”. “In Q3, we stepped up the investments in our platform ecosystem through merchant support policies and trust and safety updates,” said Mr. Jiazhen Zhao, Co-CEO. “High-quality merchants are encouraged to further strengthen their product and service offerings, thereby fostering a virtuous cycle.” “Our topline growth further moderated quarter-on-quarter amid intensified competition and ongoing external challenges,” said VP of Finance Jun Liu. “In our pursuit of high-quality development, we will continue to invest resolutely in building a healthy and sustainable ecosystem, which will be reflected in our results.”