Pinduoduo’s total revenues in the second quarter of 2022 were RMB31,439.6 million (US$14,693.8 million), an increase of 36% from RMB23,046.2 million in Q2 2021.
- Revenues from online marketing services and others were RMB25,172.7 million (US$3,758.2 million), an increase of 39% from RMB18,080.4 million in Q2 2021
- Revenues from transaction services were RMB6,216.2 million (US$928.1 million), an increase of 107% from RMB3,007.6 million in Q2 2021
- Revenues from merchandise sales were RMB50.7 million (US$7.6 million), a decrease of 97% from RMB1,958.2 million in Q2 2021
Operating profit in the quarter was RMB8,697.2 million (US$1,298.5 million), an increase of 335% from RMB1,997.5 million in the same quarter of 2021. Non-GAAP operating profit in the quarter was RMB10,541.5 million (US$1,573.8 million), an increase of 231% from RMB3,185.2 million in the same quarter of 2021.
Net income attributable to ordinary shareholders in the quarter was RMB8,896.3 million (US$1,328.2 million), an increase of 268% from RMB2,414.6 million in the same quarter of 2021.
Non-GAAP net income attributable to ordinary shareholders in the quarter was RMB10,776.3 million (US$1,608.9 million), an increase of 161% from RMB4,125.3 million in the same quarter of 2021.
The postponement of certain projects and lower business-related expenses during the first half of the quarter affected overall expenses in short term.
Pinduoduo’s active buyers totaled 882 million in Q1 2022
Pinduoduo’s total revenues in the first quarter were RMB23,793.7 million (US$13,753.4 million), an increase of 7% from RMB22,167.1 million in the same quarter of 2021.
The number of average monthly active users in the quarter was 751.3 million, an increase of 4% from 724.6 million in the same quarter of 2021.
Total active buyers in the twelve-month period ended March 31, 2022 reached 881.9 million, an increase of 7% from 823.8 million in the twelve-month period ended March 31, 2021.
The operating profit in the quarter was RMB2,154.4 million (US$339.8 million), compared with an operating loss of RMB4,147.0 million in the same quarter of 2021.
Non-GAAP operating profit in the quarter was RMB3,677.2 million (US$580.1 million), compared with non-GAAP operating loss of RMB3,174.1 million in the same quarter of 2021.
Net income attributable to ordinary shareholders in the quarter was RMB2,599.5 million (US$410.1 million), compared with a net loss of RMB2,905.4 million in the same quarter of 2021. Non-GAAP net income attributable to ordinary shareholders in the quarter was RMB4,200.4 million (US$662.6 million), compared with a non-GAAP net loss of RMB1,890.3 million in the same quarter of 2021.
Statistics: total annual customers – Alibaba vs JD vs Pinduoduo
Net cash used in operating activities was RMB9,068.1 million (US$1,430.5 million), compared with RMB3,724.5 million in the same quarter of 2021, mainly due to seasonality changes in working capital offset by controlled cost and operating expenses spending.
Cash, cash equivalents, and short-term investments were RMB95.2 billion (US$15.0 billion) as of March 31, 2022, compared with RMB92.9 billion as of December 31, 2021.