TTM
$19.40B
YoY change
-6.9%
5Y CAGR
—
Peak year (2024)
$18.55B
Cumulative EBITDA
$52.46B
EBITDA history chart for PDD Holdings (PDD) from 2016 to 2025
Latest: $17.28B
EBITDA growth chart for PDD Holdings (PDD) from 2016 to 2025
Latest: -6.9%
EBITDA history table for PDD Holdings (PDD) from 2016 to 2025
| 2025 | $17.28B | -6.9% | −$1.28B | ||
| 2024 | $18.55B | +84.3% | +$8.49B | ||
| 2023 | $10.07B | +85.6% | +$4.64B | ||
| 2022 | $5.42B | +178.8% | +$3.48B | ||
| 2021 | $1.94B | -247.5% | +$3.26B | ||
| 2020 | −$1.32B | +17.5% | −$196.76M | ||
| 2019 | −$1.12B | +78.3% | −$492.72M | ||
| 2018 | −$629.04M | +612.8% | −$540.79M | ||
| 2017 | −$88.25M | +111.2% | −$46.46M | ||
| 2016 | −$41.79M | — | — |
- 2025$17.28B-6.9%
- 2024$18.55B+84.3%
- 2023$10.07B+85.6%
- 2022$5.42B+178.8%
- 2021$1.94B-247.5%
- 2020−$1.32B+17.5%
- 2019−$1.12B+78.3%
- 2018−$629.04M+612.8%
- 2017−$88.25M+111.2%
- 2016−$41.79M—
EBITDA values are taken from PDD Holdings's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts converted to USD using IAS 21 average exchange rates (P&L / cash flow) or closing rates (balance sheet). Originally filed in CNY.
About EBITDA at PDD Holdings (PDD)
According to PDD Holdings's latest reported financial statements, the company's current EBITDA (TTM) is $19.40B. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of PDD Holdings (PDD) EBITDA is 122.45B CNY – declined 8.2% year-over-year.
Between 2024 and 2025, PDD Holdings EBITDA declined 8.2%, falling from 133.41B CNY to 122.45B CNY.
Across the available history, EBITDA reached its high of 133.41B CNY in 2024 and its low of −8.73B CNY in 2020.
PDD Holdings EBITDA by Year
PDD Holdings EBITDA 2025: $17.28B
PDD Holdings posted EBITDA of 122.45B CNY ($17.28B) in 2025, declined 8.2% below 2024.
PDD Holdings EBITDA 2024: $18.55B
In 2024, PDD Holdings reported EBITDA of 133.41B CNY ($18.55B), surged 83.5% from 2023. This figure represents the highest annual value in the available history.
PDD Holdings EBITDA 2023: $10.07B
PDD Holdings EBITDA in 2023 was 72.71B CNY ($10.07B), surged 88.7% from 2022.
PDD Holdings EBITDA 2022: $5.42B
2022's EBITDA for PDD Holdings came in at 38.54B CNY ($5.42B), surged 210.1% from 2021.
PDD Holdings EBITDA 2021: $1.94B
PDD Holdings EBITDA in 2021 was 12.43B CNY ($1.94B).
See more financial history for PDD Holdings (PDD).
Sector peers by EBITDA
Consumer Cyclical peers of PDD Holdings (PDD), ranked by their latest EBITDA
| $165.34B | |
| $26.91B | |
| $24.29B | |
| $14.64B | |
| $11.76B | |
| $10.69B | |
| $9.22B | |
| $8.55B |
- $165.34B
- $26.91B
- $24.29B
- $14.64B
- $11.76B
- $10.69B
- $9.22B
- $8.55B
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