NASDAQ$PDD
PDD Holdings Inc - ADR · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
PDD Q4 2023 — CNY 93.95B revenue
Hangzhou Aimi, a PRC entity in which we do not have equity interests but whose financial results are consolidated into our consolidated financial statements in accordance with U. PDD Holdings Inc - ADR reported Q4 2023 results. Net income of CNY 60.03B. Headline numbers extracted from the Form 20-F press release; narrative is light because this row was processed without an LLM call.
- Revenue: CNY 93.95B.
- Net income: CNY 60.03B.
- Operating income: CNY 6.9M.
Headline financials
Revenue & EPS history
PDD Holdings · Revenue · Quarterly
$12.3B
Revenue by segment
PDD Holdings · $106B total across 2 segments · Q1 2026
- Transaction services$56.3B+19.9%53.0%
- Online marketing services and others$49.9B+2.4%47.0%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2023
+1.7%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+1.4%
Avg return
30 days after
52%
16 / 31 earnings
Positive
+35.7%
Q3 2020
Best reaction
-31.4%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | +0.1% | -0.4% | -4.5% | |
| Q2 2025 | +0.9% | -5.4% | +3.0% | |
| Q1 2025 | -13.7% | -19.1% | -11.3% | |
| Q4 2024 | +4.0% | -0.5% | -25.6% | |
| Q3 2024 | -14.1% | -14.7% | -14.6% | |
| Q2 2024 | -31.4% | -31.3% | -18.5% | |
| Q1 2024 | +5.6% | +8.3% | -1.1% | |
| Q4 2023 | -4.2% | -6.1% | -11.1% | |
| Q3 2023 | +20.4% | +23.4% | +23.5% | |
| Q2 2023 | +21.5% | +27.9% | +18.4% | |
| Q1 2023 | +12.7% | +8.8% | +16.3% | |
| Q4 2022 | -14.2% | -19.6% | -23.8% | |
| Q3 2022 | +19.3% | +31.3% | +23.8% | |
| Q2 2022 | +15.5% | +25.4% | +9.4% | |
| Q1 2022 | +20.1% | +16.9% | +57.3% | |
| Q4 2021 | +11.6% | +3.8% | -12.4% | |
| Q3 2021 | -11.6% | -23.7% | -29.1% | |
| Q2 2021 | +20.7% | +16.7% | +21.2% | |
| Q1 2021 | -8.5% | -4.5% | -2.5% | |
| Q4 2020 | -11.9% | -14.8% | -17.1% | |
| Q3 2020 | +35.7% | +18.8% | +32.5% | |
| Q2 2020 | -14.4% | -8.1% | -17.8% | |
| Q1 2020 | +8.2% | +0.5% | +46.0% | |
| Q4 2019 | -12.9% | -14.6% | +8.9% | |
| Q3 2019 | -22.4% | -10.3% | -8.3% | |
| Q2 2019 | +17.8% | +17.9% | +31.3% | |
| Q1 2019 | -5.2% | -10.7% | -7.7% | |
| Q4 2016 | -5.6% | -8.8% | -17.0% | |
| Q4 2018 | -5.6% | -8.8% | -17.0% | |
| Q4 2017 | -5.6% | -8.8% | -17.0% | |
| Q3 2018 | +19.3% | +13.4% | +8.3% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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