Company Earnings Update 3 minutesRegister for Free AccessPinduoduo (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? Register for a free user account. This document was generated for Other research you may be interested in: Research Preview: Market Navigator—UK Retail and E-CommerceGenerative AI in Retail and Healthcare: Insights Presented at NACDS TSE 2023Inflection Points in the Global Economy in 2023Social Splurge—Consumers Get Out and About During Memorial Day Weekend: US Consumer Survey Insights
