PDD Holdings reports Q2 revenue up 8%, net income down 12%

PDD Holdings (NASDAQ: PDD ) held its second-quarter earnings conference call on Monday. Below is the complete transcript from the call. APIs provide real-time access to earnings call transcripts and financial data. Visit to learn more.

2 billion, attributed to continued investments in platform and industry ecosystem. The company is progressing with its 100 billion support program, focusing on supply chain transformation and traditional industry upgrades, and established a new company in Tsing'an New Area for intelligent technology opportunities. PDD Holdings is enhancing platform governance with over 150 trust and safety measures, including initiatives for food safety, IP protection, and targeted governance to create a safer shopping environment.

The company's Free Shipping to Villages program has expanded delivery networks across rural areas, increasing job creation and consumer goods distribution, with significant results in provinces like Shandong. Management expressed commitment to high-quality development and long-term growth, with strategic focus on building another PDD within three years and advancing supply chain investments. PDD Holdings is navigating global regulatory changes, particularly in the EU, by optimizing supply chain and fulfillment processes to maintain consumer experience and merchant operations.

The company is exploring first-party brand business as a long-term strategic priority, focusing on core product categories and maintaining a diverse supply chain ecosystem. Investments in logistics prioritize addressing last-mile delivery challenges in rural and remote areas, enhancing supply chain capabilities to support sustainable growth. The 100 billion support program is starting to yield results, improving merchant quality and efficiency, with examples of successful product launches in industrial belts. Full Transcript OPERATOR Ladies and gentlemen, thank you for standing by and welcome to PDD Holdings second quarter 2026 earnings conference call.

At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session, at which time, if you wish to ask a question, you will need to press star one on your telephone. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your host today.

Sir, please go ahead. Investor Relations Thank you, operator, and hello everyone, and thank you for joining us today. com, as well as through the Globe Newswire services. Before we begin, I'd like to refer you to our safe harbor statement in the earnings press release, which applies to this call, as we will make certain forward-looking statements.

Also, this call includes discussions of certain non-GAAP financial measures. Please refer to our earnings release, which contains a reconciliation of non-GAAP measures to GAAP measures. Joining us today on the call are Mr. Chen Lei, our Co-Chairman and Co-Chief Executive Officer, Mr.

Zhao Jiazhen, our Co-Chairman and Co-Chief Executive Officer, as well as Mr. Lijong, our Financial Director. Lei and Jiajun will make some general remarks on our performance for the past quarter and our strategic focus. Jung will then walk us through our financial results for the second quarter ended June 30, 2026.

On today's call, certain management remarks will be in Chinese, and we will help translate. Please kindly note that the English translation is for reference only, and in case of any discrepancy, statements in the original language should prevail. Now it's my pleasure to introduce our Co-Chairman and Co-Chief Executive Officer, Mr. Zhao Jiazhen.

Please go ahead. Zhao Jiazhen, Co-Chairman and Co-Chief Executive Officer Hello everyone, this is Zhao Jiazhen, and thank you for joining our earnings call for the second quarter of 2026. Before we formally begin, we would like to take this opportunity to express our deepest condolences on the passing of our independent director, Professor Ivana Richardson, and to pay our highest tribute to her significant contributions and dedicated service during her tenure with us.

Professor Richens served a long tenure as Chair of the Toxicology Department at Wageningen University and Research in the Netherlands and earned an international reputation in the field of food research and drug effects. Since joining the company as an independent director in August 2023, Professor Richens provided invaluable professional advice on the company's governance and development.

At the same time, as a long-standing partner of our large agricultural competition, Wageningen University and Research has consistently brought international perspectives and expert guidance to the event, helping it become an important global platform for innovation in agricultural technology as well as for talent development. We will carry forward the passion for agricultural research and continue to increase our investment in agriculture and agricultural research, and through these long-term commitments, honor her professional legacy and make greater contributions to agricultural and food safety research worldwide. And now let us return to the results for the quarter.

The second quarter this year marked a new phase, a new decade of high-quality development as we moved from initial rollout to deeper execution. Our 100 billion support program has entered a phase in which our sustained investment is beginning to yield tangible results. The positive effects across our platform and industry are being unlocked at a faster pace, with improvements in both the quality and efficie