Consumer Staples Nov 12, 2020 06:12 PM (GMT+8) · EqualOcean
On November 12, pinduoduo released its financial report for the third quarter of 2020. Pinduoduo Q3 achieved a revenue of 14.209.8 billion yuan, an increase of 89% over the same period last year. At the same time, pinduoduo achieved its first quarterly profit since its listing. Under non-GAAP, pinduoduo's net profit attributable to common shareholders in the third quarter was 466.4 million yuan, compared with a net loss of 1.660 billion yuan in the same period last year. In the first 12 months to the end of September this year, Gmv reached 1457.6 billion yuan, up 73% year on year. By the end of September this year, the number of active buyers of pinduoduo platform reached 733.3 million. Compared with 536.3 million in the same period of 2019, the year-on-year growth was 36%, with a strong year-on-year growth of 195 million; from January to September this year, pinduoduo net increased the number of active buyers to 146.1 million, including 48.1 million in the third quarter. In terms of the number of users, in the third quarter, the average monthly number of live users of pinduoduo app reached 643.4 million, an increase of 74.6 million in a single quarter, an increase of 50% compared with the same period last year.

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