PDD Holdings Inc. (PDD)

ATSG Revenue by Segment

Period Ending	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Online Marketplace Services and Other	27.35B	26.20B	24.87B	23.32B	21.22B	18.78B	17.22B	15.46B
Online Marketplace Services and Other Growth	28.91%	39.53%	44.38%	50.85%	49.39%	44.28%	48.89%	46.02%
Transaction Services	27.07B	25.22B	22.34B	17.70B	13.00B	8.66B	5.61B	4.48B
Transaction Services Growth	108.19%	191.13%	298.57%	294.91%	240.61%	166.15%	102.71%	93.02%

Operating Expense Breakdown

Period Ending	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Sales and Marketing	15.38B	14.73B	13.52B	12.35B	11.36B	10.13B	9.06B	8.21B
Sales and Marketing Growth	35.42%	45.44%	49.20%	50.44%	51.24%	52.75%	49.12%	38.03%
Research and Development	1.75B	1.62B	1.59B	1.57B	1.51B	1.45B	1.43B	1.41B
Research and Development Growth	15.59%	11.93%	11.46%	11.08%	5.47%	4.94%	6.38%	8.27%
General and Administrative	1.04B	1.02B	874.13M	702.41M	563.24M	526.71M	547.19M	578.94M
General and Administrative Growth	85.32%	93.44%	59.75%	21.33%	2.79%	38.88%	82.25%	135.21%

Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.