Pinduoduo Non-GAAP EPADS of $0.47 beats by $0.20, revenue of $3.75B beats by $670M

Pinduoduo press release (NASDAQ:PDD): Q1 Non-GAAP EPADS of $0.47 beats by $0.20.
Revenue of $3.75B (+7.0% Y/Y) beats by $670M.
Average monthly active users in the quarter was 751.3M, an increase of 4% Y/Y.
“We remain focused on making long-term investments in agriculture and abide by our philosophy of ‘Benefit All’, ‘People First’, and ‘More Open’,” said Mr. Lei Chen, Chairman and Chief Executive Officer of Pinduoduo.
“At this current scale, it is inevitable for us to see slower growth,” said Ms. Jun Liu, VP of Finance of Pinduoduo. “We need to continue to invest in R&D to serve our users better.
Shares up 6.7% PM