PDD Holdings Inc. (PDD)

PDD Holdings Revenue by Segment

Period Ending	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Online Marketplace Services and Other	204.20B	197.93B	189.60B	179.94B	168.75B	153.54B	135.89B	124.63B
Online Marketplace Services and Other Growth	21.01%	28.91%	39.53%	44.38%	50.85%	49.39%	44.28%	48.89%
Transaction Services	198.50B	195.90B	182.51B	161.66B	128.06B	94.10B	62.69B	40.56B
Transaction Services Growth	55.00%	108.19%	191.13%	298.57%	294.91%	240.61%	166.15%	102.71%
Merchandise Sales	-	-	-	-	-	-	-	-	-	209.17M	232.65M	258.35M	2.17B	7.25B	12.52B	-	-	-	-	-	-	-	-	-	-	-
Merchandise Sales Growth	-	-	-	-	-	-	-	-	-	-97.11%	-98.14%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Operating Expense Breakdown

Period Ending	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Sales and Marketing	121.29B	111.30B	106.58B	97.85B	89.34B	82.19B	73.28B	65.58B
Sales and Marketing Growth	35.77%	35.42%	45.44%	49.20%	50.44%	51.24%	52.75%	49.12%
Research and Development	13.33B	12.66B	11.75B	11.53B	11.36B	10.95B	10.49B	10.35B
Research and Development Growth	17.37%	15.59%	11.93%	11.46%	11.08%	5.47%	4.94%	6.38%
General and Administrative	7.39B	7.55B	7.37B	6.33B	5.08B	4.08B	3.81B	3.96B
General and Administrative Growth	45.37%	85.32%	93.44%	59.75%	21.33%	2.79%	38.88%	82.25%

Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.