PDD Holdings (PDD) EBITDA (2017 - 2025)

PDD Holdings has disclosed EBITDA across 9 years of filings, most recently posting $4.0 billion for Q4 2025.

• EBITDA for Q4 2025 came in at $4.0 billion, up 13.06% year-over-year; the trailing twelve-month figure through Dec 2025 was $13.2 billion (down 12.01% YoY), and the FY2025 annual result was $13.2 billion, down 18.09% from the prior year.
• EBITDA came in at $4.0 billion for Q4 2025 at PDD Holdings, up from $3.5 billion in the prior quarter.
• In the past five years, EBITDA ranged from a high of $4.5 billion in Q2 2024 to a low of -$633.0 million in Q1 2021.
• The 5-year median for EBITDA is $2.0 billion (2025), against an average of $2.1 billion.
• Across the five-year window, EBITDA sank 201.92% in 2021 and soared 341.9% in 2022, its largest moves.
• PDD Holdings' EBITDA stood at $1.1 billion in 2021, then grew by 21.91% to $1.3 billion in 2022, then soared by 138.71% to $3.2 billion in 2023, then grew by 11.15% to $3.5 billion in 2024, then rose by 13.06% to $4.0 billion in 2025.
• The last three EBITDA figures came in at $4.0 billion (Q4 2025), $3.5 billion (Q3 2025), and $3.6 billion (Q2 2025), per Business Quant data.