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SHANGHAI, China, Nov. 26, 2021 (GLOBE NEWSWIRE) - Pinduoduo Inc.
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SHANGHAI, China, Nov. 26, 2021 (GLOBE NEWSWIRE) - Pinduoduo Inc. (“Pinduoduo" or the“Company") (NASDAQ: PDD), China's largest agriculture and interactive commerce platform, today announced its unaudited financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Highlights Total revenues in the quarter were RMB21, 505.8 million (US$ 13,337.6 million), an increase of 51% from RMB14,209.8 million in the same quarter of 2020. Average monthly active users- in the quarter was 741.5 million, an increase of 15% from 643.4 million in the same quarter of 2020. Active buyers3 in the twelve-month period ended September 30, 2021 was 867.3 million, an increase of 19% from 731.3 million in the twelve-month period ended September 30,2020.Operating profit in the quarter was RMB2,139.3 million (US$332.0 million), compared with operating loss of RMB1,295.7 million in the same quarter of 2020. Non-GAAP4 operating profit in the quarter was RMB3,260.7 million (US$506.1million), compared with non-GAAP operating loss of RMB339.8 million in the same quarter of 2020. Net income attributable to ordinary shareholders in the quarter was RMB1,640.0 million (USS254.5 million), compared with net loss of RMB784.7 million in the same quarter of 2020. Non-GAAP net income attributable to ordinary shareholders in the quarter was RMB3,150.2 million (USS488.9 million), compared with RMB466.4 million in the same quarter of 2020.
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