jackpotjunction| Changes in U.S. stocks 丨Q1 performance far exceeded expectations, and Pinduoduo surged more than 6% to a three-year high

Strong results in the first quarterjackpotjunction, more (PDDjackpotjunction.US) rose 6jackpotjunction.57% to US$155, a record high since March 2021.

The financial report released before the market showed that Q1 revenue in 2024 was 86.81 billion yuan, a year-on-year increase of 131%, far exceeding market expectations of 75.6 billion yuan, mainly driven by the increase in revenue from online marketing services and transaction services.jackpotjunction; Adjusted net profit was 30.60 billion yuan, a year-on-year increase of 202%, far exceeding market expectations of 15.53 billion yuan; adjusted revenue per ADS was 20.72 yuan, far exceeding market expectations of 10.54 yuan.

Pinduo Group said that the revenue growth in the first quarter mainly benefited from the recovery of GDP growth in the first quarter to more than 5%, seasonal factors such as Spring Festival consumption, and favorable policies such as trade-in. At the same time, it was also the platform's promotion of "multiple benefits" and "good services". The result of the ability.