Company Earnings UpdatePinduoduo (NASDAQ: PDD) 2Q19 Results: Revenue Beats Consensus Thanks to Strong User Growth Coresight Research August 22, 2019 Executive Summary Pinduoduo reported 2Q19 revenues of ¥7.3 billion ($1.1 billion), up 169% year over year and beating the consensus estimate of ¥6.2 billion ($878.8 million). Operating expenses decreased, and operating margin improved to (20.4)%. There were 483.2 million active buyers on Pinduoduo’s platforms for the 12 months ended June 30, 2019, up 41% year over year. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US CPG Sales Tracker: Homecare and Health Dominate at the Start of 2025US Store Tracker Extra, April 2025: JD Sports and 7-Eleven Drive Total Opened Retail Space to Over 67 Million Square FeetJanuary 2025 US Retail Sales: Nearly All Sectors Report Mid-Single-Digit Sales GrowthWalmart Investment Community Meeting 2025: From Low-Margin Retailer to Diversified, Digital Profit Engine, But Tariffs Create Uncertainty
