PDD Holdings Inc ADR

PDD: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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PDD Earnings: In‑Line Results, With Margin Recovery Taking Shape; Shares Cheap

Chelsey Tam

Mar 26, 2026

PDD Holdings' fourth-quarter online marketing services and other revenue growth slowed sequentially to 5% year on year. Transaction services revenue growth expanded to 19%. The year-on-year EBIT margin decline narrowed to 0.7% from 1.7% in the third quarter.

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PDD Holdings Inc ADR

PDD Earnings: In‑Line Results, With Margin Recovery Taking Shape; Shares Cheap

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