Temu Owner PDD Holdings Beats Profit Forecasts but Warns of Slower Growth as Stock Slides on Q3 2025 Results
Chinese e-commerce group PDD Holdings Inc. (NASDAQ: PDD), the parent of bargain-shopping apps Pinduoduo and Temu, reported third-quarter 2025 results on Tuesday (18 November 2025) that showed solid profit growth and robust cash generation — but a clear slowdown in revenue growth. That combination sent the stock lower in U.S. trading as investors weighed strong margins against a tougher competitive and regulatory backdrop. GlobeNewswire+2Reuters+2 Key Q3 2025 numbers at a glance For the quarter ended 30 September 2025, PDD reported: GlobeNewswire+1 On most profit metrics, PDD comfortably beat Wall Street forecasts. Zacks data show adjusted earnings of US$2.96 per ADS,