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Stock impact report

PDD Holdings (PDD) Reports 2025 Revenue of RMB431.8B; Net Income Falls 12% [Yahoo! Finance]

PDD Holdings Inc. - American Depositary Shares (PDD) 
Company Research Source: Yahoo! Finance
For 2025, the company reported total revenues of RMB431,845.7 million, representing a 10% increase from 2024. Despite this growth, net income attributable to ordinary shareholders fell by 12% to RMB99,364.5 million. This was driven by a rise in operating expenses in sales, marketing, and R&D. In Q4, revenues reached RMB123,912.2 million, which was a 12% year-over-year increase. Revenue from transaction services saw the most robust growth at 19%, while online marketing services rose by 5%. However, quarterly net income dropped 11% to RMB24,541.0 million. The company noted that increased fulfillment fees, bandwidth costs, and payment processing fees contributed to a 15% rise in the total cost of revenues for the quarter. Co-Chairmen and Co-CEOs Lei Chen and Jiazhen Zhao emphasized that 2026 begins a new decade of focus on high-quality development and supply chain infrastructure. Management at PDD Holdings Inc. (NASDAQ:PDD) highlighted that the competitive landscape is shifting rapid Show less Read more
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