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: The Future of AI, Supply Chains and Sustainability: Insights from CES 2025High-Income Consumers Turn Optimistic About Economy; Plus, Inflation Awareness Declines: US Consumer Survey InsightsCEO Brief: Agentic AI—Creating a Digital Workforce to Achieve Enormous Leaps in EfficiencyFinancial Optimism Falls to Lowest Recorded Level: China Consumer Survey Insights
