Original title: PinduoduoThe second quarterly report was lower than expected: revenue was 23.05 billion yuan, an increase of 89% over the same period last year. | Financial report
Source: Wall Street
Pinduoduo released his second quarterly report on the evening of August 24th, Beijing time (before the US stock market opened on August 24th, US Eastern time).
The number of revenue and users is lower than the market consensus.
According to the financial report, Pinduoduo's revenue in the second quarter was 23.05 billion yuan, an increase of 89% over the same period last year.
The figure was well below market consensus expectations after Wall Street analysts predicted that Pinduoduo's revenue was expected to be 26.74 billion yuan, up about 117% from a year earlier, and a net loss of nearly 4 billion yuan, compared with a loss of nearly 900 million yuan in the same period last year. The gross profit margin remains at around 51.5%.
In addition, from the user point of view, Pinduoduo in the second quarter of the monthly active users 738.5 million, the market is expected to 759.2 million.
From the revenue point of view, the main increment of online market revenue contribution
Of the 23.05 billion revenue, the online market revenue was about 18.08 billion yuan, up 28% from the same period last year; the revenue from trading services was about 3.01 billion yuan, which was basically the same as the same period last year; and the sales of self-owned goods was about 1.96 billion yuan.
