06:51 AM EDT, 05/27/2025 (MT Newswires) -- PDD Holdings ( PDD ) reported Q1 non-GAAP earnings Tuesday of 11.41 Chinese renminbi ($1.59) per diluted American depositary share, down from 20.72 renminbi a year earlier.

Analysts polled by FactSet expected 18.89 renminbi.

Revenue for the quarter ended March 31 was 95.67 billion renminbi, up from 86.81 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 103.13 billion renminbi.

The company's shares were down nearly 14% in recent premarket activity.