PDD Q4 Earnings Call Highlights

Zhao reported that quarterly revenue reached RMB 123.9 billion, up 12% year-over-year, and full-year revenue totaled RMB 431.8 billion, up 10%. He added that net income declined year-over-year for both the quarter and the full year, which he attributed primarily to sustained investments on both the supply and demand sides. Zhao reiterated that the company prioritizes long-term value generation through ecosystem development over short-term results.Co-Chairman and Co-CEO Jiazhen Zhao said 2025 marked the comp ...