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Side-by-side financial comparison of PDD Holdings Inc. (PDD) and Tencent Music Entertainment Group (TME). Click either name above to swap in a different company.
Pinduoduo is a Chinese online retailer, with a focus on the traditional agriculture industry. The business is the largest product of PDD Holdings, a company currently headquartered in Ireland that also owns the online marketplace Temu.
Tencent Music Entertainment Group is a company that develops music streaming services for the Chinese market. Tencent Music's apps include QQ Music, KuGou, Kuwo, and WeSing; which have more than 800 million active users and 120 million paying subscribers. As of July 2016, Tencent Music's three services held an estimated 56% market share of music streaming services in China.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q3 25 | $15.2B | — | ||
| Q2 25 | $14.5B | — | ||
| Q3 24 | $14.2B | — | ||
| Q1 24 | $12.0B | — | ||
| Q3 23 | $9.4B | — | ||
| Q2 23 | $7.2B | — | ||
| Q4 22 | $5.8B | — | ||
| Q3 22 | $5.0B | — |
| Q3 25 | $4.1B | — | ||
| Q2 25 | $4.3B | — | ||
| Q3 24 | $3.6B | — | ||
| Q1 24 | $3.9B | — | ||
| Q3 23 | $2.1B | — | ||
| Q2 23 | $1.8B | — | ||
| Q4 22 | $1.4B | — | ||
| Q3 22 | $1.5B | — |
| Q3 25 | 56.7% | — | ||
| Q2 25 | 55.9% | — | ||
| Q3 24 | 60.0% | — | ||
| Q1 24 | 62.3% | — | ||
| Q3 23 | 61.0% | — | ||
| Q2 23 | 64.3% | — | ||
| Q4 22 | 77.6% | — | ||
| Q3 22 | 79.1% | — |
| Q3 25 | 23.1% | — | ||
| Q2 25 | 24.8% | — | ||
| Q3 24 | 24.5% | — | ||
| Q1 24 | 29.9% | — | ||
| Q3 23 | 24.2% | — | ||
| Q2 23 | 24.3% | — | ||
| Q4 22 | 22.9% | — | ||
| Q3 22 | 29.4% | — |
| Q3 25 | 27.1% | — | ||
| Q2 25 | 29.6% | — | ||
| Q3 24 | 25.1% | — | ||
| Q1 24 | 32.3% | — | ||
| Q3 23 | 22.6% | — | ||
| Q2 23 | 25.1% | — | ||
| Q4 22 | 23.7% | — | ||
| Q3 22 | 29.8% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
