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PDD Holdings (PDD) will release its third-quarter 2025 results on November 18, 2025. The Zacks Consensus Estimate for revenue stands at $15.21 billion, indicating a year-over-year growth of 7.44%. Earnings per share (EPS) is projected at $2.21, reflecting a 16.6% decline from the same quarter last year.
PDD has historically beaten the Zacks Consensus Estimate for earnings twice in the past four quarters, with an average surprise of 6.42%. However, the company is facing a challenging operating environment marked by intensified competition and macroeconomic pressures. Key priorities include a RMB 100 billion merchant support program amid pressures impacting short-term profitability.
Regulatory challenges, especially in its global business, have also created uncertainties, further possibly affecting margins and growth. Despite government consumption subsidies doubling to RMB 300 billion, investors may consider holding existing positions until stability in profitability is clearer prior to the earnings release.
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