PDD SINKS 16% AFTER 3Q REVENUE MISSES ESTIMATES

$PDD Holdings (PDD.US)$ RESULTS: Q3

🔸 ADJ earnings per American depositary receipts 18.59 yuan, EST 20.19 yuan
🔸 Revenue 99.35B yuan, EST 102.83B yuan
🔸 Revenues from online marketing services and others 49.35B yuan, EST 49.01B yuan
🔸 Transaction services revenue 50.00B yuan, EST 53.01B yuan
🔸 ADJ net income 27.46B yuan, EST 29.21B yuan
🔸 Total operating expenses 35.35B yuan, EST 35.08B yuan
🔸 Sales and marketing expense 30.48B yuan, EST 30.18B yuan
🔸 General and administrative expenses 1.81B yuan, EST 1.82B yuan
🔸 R&D expenses 3.06B yuan, EST 3.56B yuan
🔸 Earnings per American depositary receipts 16.91 yuan, EST 17.28 yuan