The company reported adjusted earnings of $2.53 per share for the fourth quarter, compared to $2.76 per share a year earlier. Analyst estimates were $3.21 per share.
Revenue for the fourth quarter was $17.72 billion, compared to $15.15 billion a year earlier. Market expectations were $17.93 billion.
Revenues from online marketing services for the fourth quarter were $8,581.3 million, while transaction services generated $9,137.9 million.
Non-GAAP operating profit for the fourth quarter was $4,214.7 million.
For the full year 2025, total revenues reached $61,753.1 million, with a non-GAAP operating profit of $14,666.0 million. Non-GAAP diluted earnings per share for the year was $10.36.
Mr. Lei Chen, Co-Chairman and Co-Chief Executive Officer of PDD Holdings, stated, “Over the past year, we stayed firmly committed to our strategic focus on high-quality development.”
In pre-market trading, PDD Holdings Inc. (NASDAQ: PDD) shares increased by 2.54 percent to $100.58, reflecting a $2.49 rise from the previous close of $96.25. The shares are trading between their 52-week low of $87.11 and high of $139.41.
 reported a revenue increase for Q4 2025 compared to a year earlier, but it fell short of market expectations. Adjusted earnings per share were $2.53, missing the analyst estimate of $3.21.){kind=link}