PDD's 3Q Earnings Likely Weighed by Spending on Measures to Support Merchants -- Market Talk

Dow Jones

10/17

0352 GMT - PDD Holdings' 3Q earnings are likely dragged lower by spending on initiatives to support merchants on its e-commerce platforms, Citi analysts say in a research note. Management has noted that solid 2Q profit isn't sustainable given its commitment to offering support for merchants. Citi forecasts 3Q adjusted net profit to decline 5% on year to 26 billion yuan, and could be better than expected if the overseas segment outperforms. Citi maintains a buy rating on the stock and trims its target price to $167.00 from $168.00. The ADRs last traded at $127.35. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

October 16, 2025 23:52 ET (03:52 GMT)

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(tracy.qu@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 16, 2025 23:52 ET (03:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PDD","symbol_name":"拼多多","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2576704289","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2576704289","pubTimestamp":1760673120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0352 GMT - PDD Holdings' 3Q earnings are likely dragged lower by spending on initiatives to support merchants on its e-commerce platforms, Citi analysts say in a research note. 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