PDD Holdings Inc.PDD
What PDD Holdings Inc. does.
PDD Holdings is a multinational commerce group that owns and operates a portfolio of businesses. We aim to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from increased productivity and new opportunities. We have built a network of sourcing, logistics, and fulfillment capabilities that support our underlying businesses.
Our customers are third-party merchants who sell their products on our platforms. Our revenues primarily consist of (i) transaction services and (ii) online marketing services and others.
For online marketing services and others, we earn service fees from merchants for various types of online marketing services. These include matching product listings appearing in search or browsing results on our platforms, charging merchants based on impressions or clicks, and providing display marketing services where merchants place advertisements on our platforms primarily at fixed prices.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $59.5B | $93.9B | $130.6B | $247.6B | $393.8B | $431.8B |
| Net income | -$7.2B | $7.8B | $31.5B | $60.0B | $112.4B | $97.8B |
| Free cash flow | $28.2B | — | — | — | — | — |
More on PDD.
- PDD Holdings Inc. summary
- PDD Holdings Inc. financial statements
- PDD Holdings Inc. key metrics
- PDD Holdings Inc. health scores and style box
- PDD Holdings Inc. earnings
- PDD Holdings Inc. dividends
- PDD Holdings Inc. valuation
- PDD Holdings Inc. ownership and insiders
- PDD Holdings Inc. peers
Figures from PDD Holdings Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.