Pinduoduo Q2 Revenue 112.36B Yuan, Transaction Services Income Up 13%, Adjusted EPS Beats Expectations | Earnings Insights

Pinduoduo's Q2 2026 revenue grew 8% year-over-year, with transaction services income up 13% as a key driver. Net profit attributable to shareholders fell 12% year-over-year to 27.2 billion yuan, but adjusted earnings per ADS of 19.33 yuan beat expectations. The company increased ecosystem investment, with notable rises in sales, R&D, and administrative expenses. Operating cash flow reached 25.7 billion yuan, up 19% year-over-year, with cash reserves of 456.4 billion yuan, supporting long-term ecosystem development.