Pinduoduo’s Q1 revenue was 23.794 billion yuan, a year-on-year increase of 7%

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On May 27, Pinduoduo announced its 2022 Q1 financial report before the US stock market. The data shows that Pinduoduo:

  • Q1 revenue was 23.794 billion yuan (RMB, the same below), a year-on-year increase of 7%;

  • The adjusted net profit in Q1 was 4.2 billion yuan, and the adjusted net loss in the same period last year was 1.890 billion yuan.

According to Bloomberg’s calculations, Pinduoduo’s 2022Q1 operating income was 20.738 billion yuan, a year-on-year decrease of 6.45%; adjusted net profit was 2.651 billion yuan.

Data source: Bloomberg

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