PDD Holdings Inc ADR

PDD: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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PDD Earnings: Domestic Platform Matures as Anticipated; Temu Slows Down Faster Than Expected

Chelsey Tam

Aug 25, 2026

PDD Holdings' online marketing services revenue grew 3% year on year in the second quarter, while transaction services revenue growth decelerated to 13% from 20% in the first quarter. EBIT margin improved to 24.7% from 18.4% sequentially. EBIT grew 8%.

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PDD Holdings Inc ADR

PDD Earnings: Domestic Platform Matures as Anticipated; Temu Slows Down Faster Than Expected

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