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Temu-Owner Pdd Misses Quarterly Revenue Estimates
PDD Holdings' net income fell 11% as rising costs, weaker consumer spending, and regulatory changes in multiple countries pressured Temu's cross-border e-commerce model.
- On Wednesday, PDD Holdings reported fourth-quarter revenue of 123.9 billion yuan, missing the 124.4 billion yuan estimate, as the Temu owner warned that domestic competition and global uncertainty would continue to impact business.
- Operating expenses surged, causing net income to fall about 11% to 24.5 billion yuan, with adjusted profit of 17.69 yuan per American Depositary Share missing the expected 20.76 yuan.
- Temu faces mounting regulatory pressure, including recent raids in Ireland, Turkey, and Nigeria, while international authorities scrapped duty-free exemptions for low-value parcels, sparking backlash from retailers in countries like Argentina and Germany.
- CEO Chen Lei told analysts that "trade policies, taxation, data regulations, product compliance requirements and other regulatory frameworks are undergoing significant changes," citing mounting challenges ahead.
- Shares rose more than 3% after Chinese regulators and state media signaled an end to domestic price wars, as PDD Holdings Vice President of Finance Liu Jun emphasized continued investment needs.
13 Articles
13 Articles
Temu-owner PDD misses revenue estimates
March 25 : Discount e-commerce player PDD Holdings missed market estimates for quarterly revenue on Wednesday, as subdued consumer spending weighed on its Chinese platform, Pinduoduo, overshadowing robust growth at its overseas marketplace Temu.The company reported revenue of 123.9 billion yuan ($17.96 billio
Temu owner PDD misses estimates as margins come under pressure
PDD Holdings ended 2025 with revenue still growing, but profitability under pressure as it increased spending on merchants and supply chains. Fourth-quarter revenue rose 12% from a year earlier to RMB 123.9 billion (USD 17.9 billion), while net income fell 11% to RMB 24.5 billion (USD 3.5 billion). Revenue also came in below analysts’ average estimate of RMB 124.4 billion (USD 18 billion), according to LSEG.…Visit Website
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