Pinduoduo's fourth-quarter revenue was 123.91 billion yuan, with an estimate of 123.72 billion yuan.

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Pinduoduo Q4 revenue was 123.91 billion yuan, estimated at 123.72 billion yuan.

Fourth Quarter Results

Revenue was 123.91 billion yuan, estimated at 123.72 billion yuan (Bloomberg consensus)

Adjusted earnings per ADS were 17.69 yuan, estimated at 20.84 yuan

Adjusted operating profit was 29.47 billion yuan, estimated at 29.35 billion yuan

Adjusted net profit was 26.30 billion yuan, estimated at 31.16 billion yuan

General and administrative expenses were 1.69 billion yuan, estimated at 2.07 billion yuan

R&D expenses were 4.99 billion yuan, estimated at 4.62 billion yuan

Net cash flow from operating activities was 24.12 billion yuan

American Depositary Share earnings per share were 16.51 yuan, estimated at 18.97 yuan

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