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MPNGY

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<p>Meituan's Q2 financial report performed well, with the biggest financial surprise being the better-than-expected progress in reducing losses in new businesses, with a 25 percentage point decrease in losses compared to the same period last year. Quarterly operating cash flow reached 19.1 billion. Although the daily average order volume growth of food delivery and instant purchase did not significantly exceed market expectations, the overall revenue reached 82.3 billion, a 21% year-on-year increase, mainly driven by strong growth in core local businesses and new ventures. Adjusted EBITDA profit was 13.6 billion, with a profit margin of 16.5%</p>

- Meituan delivered a nearly perfect Q2 financial report, surpassing market expectations with revenue reaching 823 billion, a 21% YoY growth. Core local business revenue hit 607 billion, up 18.5%, while new business revenue reached 216 billion, up 28.7%, showcasing impressive growth difficulty in the current market environment.
- Adjusted EBITA profit in Q2 exceeded market expectations at 136 billion, with core local business profit at 152 billion and new business significantly reducing losses. Meituan's strong cash flow and strategic moves like a $10 billion buyback reflect a resilient financial performance.
- Despite challenges like slightly lower-than-expected growth in instant retail orders and flat marketing service revenue in core local business, Meituan's robust financials, operational efficiency, and strategic adjustments position it for stable domestic growth and potential international expansion.

Meituan Q2 Financial Report Review: Unbeatable Resilience