拼多多2025年二季度营收同比增长7%

Core Insights - Pinduoduo reported a total revenue of 103.98 billion yuan for Q2 2025, representing a year-on-year growth of 7% [1] - The operating profit for the quarter was 25.79 billion yuan, showing a decline of 21% compared to the previous year [1] - Net profit attributable to ordinary shareholders was 30.75 billion yuan, down 4% year-on-year [1] Revenue Breakdown - Online marketing services and other business revenues reached 55.7 billion yuan, marking a 13% increase year-on-year [1] - Transaction service revenue was 48.28 billion yuan, remaining nearly flat compared to the same period last year [1] Expense Analysis - Total operating expenses for the quarter amounted to 32.33 billion yuan, reflecting a 5% increase year-on-year due to higher platform sales and marketing costs [1]