Meituan: The Group expects to record a loss of approximately RMB 23.3 billion to RMB 24.3 billion for the fiscal year 2025
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Meituan expects to record a loss of approximately RMB 23.3 billion to 24.3 billion for the fiscal year 2025, while it anticipates a profit of approximately RMB 35.808 billion for the fiscal year 2024. The expected loss is primarily due to the operating profit of the core local commerce segment turning from approximately RMB 52.415 billion in 2024 to an operating loss of approximately RMB 6.8 billion to 7 billion in 2025, while the company has increased its investment in overseas operations
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