---
title: "Understanding the Market | Meituan-W opens more than 2% higher after Q1 results, with a 25% year-on-year revenue increase and strong growth in instant delivery business"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/205779368.md"
description: "Meituan-W opened more than 2% higher after the performance report, rising 2.04% to HKD 115 at the time of publication, with a turnover of HKD 2.1 billion. In terms of news, Meituan released its first-quarter performance, with revenue reaching RMB 73.276 billion, a 25% year-on-year increase; net profit for the period was RMB 5.369 billion, a 59.9% year-on-year increase; adjusted EBITDA under non-International Financial Reporting Standards was RMB 8.07 billion, a 28.9% year-on-year increase; net profit attributable to equity holders was RMB 5.369 billion, a 59.86% year-on-year increase. In the first quarter, Meituan's core local business achieved steady development, with revenue of RMB 54.6 billion, a 27% year-on-year growth. Among them, the takeaway business continued to maintain high-quality growth, with annual active users reaching nearly 500 million, and the transaction frequency of medium and high-frequency users further increasing year-on-year. Driven by this, the number of platform instant delivery orders in this quarter increased by 28% year-on-year to 5.46 billion"
datetime: "2024-06-07T01:28:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/205779368.md)
  - [en](https://longbridge.com/en/news/205779368.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/205779368.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/205779368.md) | [繁體中文](https://longbridge.com/zh-HK/news/205779368.md)


# Understanding the Market | Meituan-W opens more than 2% higher after Q1 results, with a 25% year-on-year revenue increase and strong growth in instant delivery business

According to the information from Zhitong Finance and Economics APP, Meituan-W (03690) opened more than 2% higher after the performance report. As of the time of publication, it has risen by 2.04% to HKD 115, with a turnover of HKD 2.1 billion.

On the news front, Meituan released its first-quarter performance, with revenue reaching RMB 73.276 billion, a year-on-year increase of 25%; net profit for the period was RMB 5.369 billion, a year-on-year increase of 59.9%; adjusted EBITDA under non-International Financial Reporting Standards was RMB 8.07 billion, a year-on-year increase of 28.9%; net profit attributable to equity holders was RMB 5.369 billion, a year-on-year increase of 59.86%.

In the first quarter, Meituan's core local business achieved steady development, with revenue of RMB 54.6 billion, a year-on-year growth of 27%. Among them, the takeaway business continued to maintain high-quality growth, with the number of annual active users reaching nearly 500 million, and the transaction frequency of medium and high-frequency users further increasing year-on-year. Driven by this, the number of instant delivery orders on the platform in this quarter increased by 28% year-on-year to 5.46 billion

### 相关股票

- [MEITUAN (03690.HK)](https://longbridge.com/zh-CN/quote/03690.HK.md)
- [MEITUAN-WR (83690.HK)](https://longbridge.com/zh-CN/quote/83690.HK.md)
- [Meituan (MPNGY.US)](https://longbridge.com/zh-CN/quote/MPNGY.US.md)

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