Meituan adjusted its loss to RMB 15.1 billion last quarter, which was below expectations, indicating that its food delivery losses are far lower than its competitors, with a market share of over 60%

In the fourth quarter of 2025, Meituan's revenue was 92.1 billion yuan, a year-on-year increase of 4.1%, with an adjusted loss of 15.1 billion yuan, which was below market expectations. The annual net loss was 23.355 billion yuan, with revenue of 364.855 billion yuan, a year-on-year growth of 8.08%. The losses in the takeaway sector were significantly lower than competitors, with a market share exceeding 60%. Sales costs and marketing expenses increased significantly, amounting to 68 billion yuan and 31.7 billion yuan, respectively, mainly due to rider subsidies and overseas business expansion. The group did not declare a final dividend, with a loss per share of 3.84 yuan