By Tracy Qu
PDD Holdings is scheduled to report third-quarter results on Tuesday. Here's what you need to know:
NET PROFIT FORECAST: The Chinese e-commerce giant is expected to post net profit of 22.46 billion yuan, equivalent to $3.16 billion, according to the consensus estimate of nine analysts in a FactSet poll, down from 24.98 billion yuan a year earlier.
REVENUE FORECAST: Revenue is projected at 108.705 billion yuan, up from 99.35 billion yuan a year earlier, FactSet data shows.
U.S.-listed PDD shares rose 26% from July to September amid broad positive sentiment of Chinese tech companies.
WHAT TO WATCH:
--TEMU: PDD's overseas business, Temu, may post solid results thanks to a rebound in U.S. sales and continued momentum in Europe, Citi analysts said in a research note. Temu's global monthly active users on Apple devices rose 42% in September, they added.
--PROFIT: Citi estimates PDD's adjusted net profit likely fell 5% in the third quarter, though results could exceed expectations if Temu performs strongly. Margins will be a key focus, Morningstar analyst Chelsey Tam says in an email, noting they will serve as a key gauge of how aggressively PDD has been subsidizing domestic shoppers under China's nationwide stimulus push.
Write to Tracy Qu at tracy.qu@wsj.com
(END) Dow Jones Newswires
November 17, 2025 04:08 ET (09:08 GMT)
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