拼多多遭遇“周期劫”，一季度净利润下滑47%_老虎社区_美港股上老虎

拼多多遭遇“周期劫”，一季度净利润下滑47%

当“低价”不再成为电商行业的解药，企业的估值也会重构。近期，拼多多发布了2025年第一季度财报，财报显示，一季度拼多多实现营收957亿元，同比增长10%；实现营业利润161亿元，同比下降38%；实现归母净利润147亿元，同比下降47%。 $拼多多(PDD)$

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