Meituan reported unaudited results for the three and six months ended June 30, 2026. Second-quarter revenue reached RMB104.643 billion, up 14.4% year over year. Operating profit was RMB2.691 billion, profit for the period RMB2.155 billion, up 490.0%, while adjusted EBITDA came in at RMB4.098 billion, or 3.9% of revenue, up 47.3%. Adjusted net profit was RMB2.524 billion, or 2.4% of revenue, up 69.0%. Core local commerce revenue rose 10.1% to RMB71.531 billion, with operating profit of RMB5.668 billion and a margin of 7.9%; new initiatives generated RMB33.112 billion in revenue but posted an operating loss of RMB1.739 billion. Net operating cash inflow for the quarter was RMB9.7 billion. In the first half, revenue climbed 10.1% to RMB195.682 billion. The company recorded an operating loss of RMB3.779 billion and a period loss of RMB4.672 billion, with adjusted EBITDA of RMB1.049 billion and adjusted net loss of RMB2.444 billion. As of June 30, cash and cash equivalents stood at RMB104.7 billion, and short-term wealth management investments at RMB63.6 billion.
Meituan disclosed unaudited consolidated results for the three and six months through June 30, 2026. In the second quarter, the company generated RMB104.643 billion in revenue, an increase of 14.4% over the same period last year.
Second-quarter snapshot
Operating profit came to RMB2.691 billion. Profit for the period reached RMB2.155 billion, up 490.0% year on year. Adjusted EBITDA was RMB4.098 billion, equivalent to 3.9% of revenue and up 47.3%. Adjusted net profit stood at RMB2.524 billion, equivalent to 2.4% of revenue and up 69.0%.
Core local commerce revenue rose 10.1% to RMB71.531 billion. That segment delivered RMB5.668 billion in operating profit, for an operating margin of 7.9%. New initiatives booked RMB33.112 billion in revenue but posted an operating loss of RMB1.739 billion.
Net cash inflow from operating activities reached RMB9.7 billion in the quarter.
First-half results and liquidity
Meituan's first-half revenue grew 10.1% to RMB195.682 billion. Operating loss was RMB3.779 billion and loss for the period was RMB4.672 billion. Adjusted EBITDA came to RMB1.049 billion, with an adjusted net loss of RMB2.444 billion.
At June 30, 2026, cash and cash equivalents totaled RMB104.7 billion, while short-term wealth management investments amounted to RMB63.6 billion.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
