$MEITUAN(03690.HK)

Meituan Announces Q1 2026 Results: Resilient Revenue Amid Intense Competition 🛵

Meituan has officially released its financial results for the three months ended March 31, 2026. The company achieved stable top-line growth driven by structural changes in its retail strategy, heightened market competition and strategic ecosystem investments placed visible pressure on profitability. 

Here are the key financial performance metrics you need to know (all figures in RMB): 

1️⃣Total Revenues: RMB 91.04 billion (Up 5.6% YoY from RMB 86.21 billion)

2️⃣Operating Loss: RMB 6.47 billion (Down from an operating profit of RMB 10.57 billion in 1Q25)

3️⃣Loss for the Period: RMB 6.83 billion (Down from a profit of RMB 10.06 billion in 1Q25)

4️⃣Adjusted EBITDA (Non-IFRS): Negative RMB 3.05 billion 

5️⃣Adjusted Net Loss (Non-IFRS): Negative RMB 4.97 billion 

🔷Segment Revenue Breakdown:

Core Local Commerce: RMB 64.06 billion (📈 Up 0.1% YoY) — Resilient Gross Transaction Volume (GTV) driven by higher purchase frequencies, though compressed by promotional incentives. 

New Initiatives: RMB 26.98 billion (📈 Up 21.3% YoY) — Driven heavily by the expansion of grocery retail and overseas businesses (KeeTa). 

🔷Liquidity Position:

Meituan maintains a robust financial buffer with RMB 117.03 billion in cash and cash equivalents, alongside RMB 63.34 billion in short-term treasury investments. 

🎨 Want a quick visual breakdown? I have prepared a handy infographic below for your easy reading!