Meituan Revenue Jumps 18% in First Quarter

Meituan revenue jumps 18% in first quarter

The Chinese on-demand delivery giant beat expectations, as it fends off rivals Alibaba and JD.com.

Q1 Results from Meituan, PDD & Kuaishou - China Last Night

Q1 Earnings Reports Meituan Meituan (3690 HK) reported Q1 earnings after the Hong Kong close on Monday that beat analyst expectations. Management addressed the recent RMB 10B food delivery subsidies from JD.com and Alibaba’s Ele.me, stating that after ten years of competition, Meituan is “going to take whatever measure it takes to win the game.” The company has highlighted the recent success of Meituan’s “Insta-shopping” in “3C home appliance, b…

Meituan had a strong Q1, but it may be the calm before the subsidy storm

Meituan reported a sharp jump in first-quarter earnings, underscoring the resilience of its local services platform even as China’s food delivery industry enters a period of intense subsidy-driven competition and mounting regulatory oversight. Revenue for the quarter rose 18.1% year-on-year (YoY) to RMB 86.6 billion (USD 12.1 billion), while adjusted net profit more than doubled to RMB 10.9 billion (USD 1.5 billion). The company’s core local com…

Meituan's Q1 Revenue Beats Expectations with 18% YoY Growth, CEO Wang Xing Vows to Win the "Delivery War" at All Costs - YT FINANCE

Chinese food delivery giant Meituan’s Q1 performance reported revenue of 86.557 billion yuan for Q1 0f 2025, exceeding the market expectation of 85.443 billion yuan, and representing a year-on-year increase of 18.1%. Net profit reached 10.057 billion yuan, a sharp year-on-year increase of 87.3%.

Chinese food delivery giant Meituan reports Q1 revenue up 18.1% to ~$12.1B, vs. $12B est., net profit up 87.3% YoY to ~$1.4B, as it expands outside China

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Chinese food delivery giant Meituan net profit up 46.2% in first quarter

China’s leading food delivery group Meituan on Monday (May 26) reported net profit for the first quarter of 10.9 billion yuan (S$1.9 billion), up 46.2 per cent from 5.2 billion yuan in the same period a year ago.