Meituan Dianping ( (MPNGF) ) has released its Q3 earnings. Here is a breakdown of the information Meituan Dianping presented to its investors.
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Meituan Dianping, a leading Chinese e-commerce platform specializing in local services and on-demand delivery, reported its financial results for the third quarter of 2025, revealing a challenging period marked by increased competition and strategic investments. The company’s revenue rose by 2.0% year-over-year to RMB95.5 billion, but it faced a significant operating loss of RMB19.8 billion compared to a profit in the previous year. This downturn was largely attributed to intensified competition in the food delivery sector and expanded investments in new initiatives, including overseas expansion.
The company’s Core Local Commerce segment experienced a revenue decline of 2.8% year-over-year, with operating losses reaching RMB14.1 billion due to heightened competition and increased user incentives. Meanwhile, the New Initiatives segment saw a 15.9% increase in revenue, driven by growth in grocery retail and overseas markets, although it also reported an expanded operating loss of RMB1.3 billion. Meituan’s strategic focus on enhancing user engagement and expanding its service offerings has led to increased selling and marketing expenses, which rose by 90.9% year-over-year.
Despite the financial challenges, Meituan continues to innovate and expand its service offerings. The company has introduced new supply models and premium services in its food delivery business, aiming to enhance consumer experience and merchant partnerships. Additionally, Meituan is leveraging AI and its membership program to boost user engagement and operational efficiency. The company remains committed to its long-term strategy of integrating technology with retail to drive sustainable growth.
Looking ahead, Meituan anticipates continued pressure from market competition, which is expected to impact its financial performance in the fourth quarter of 2025. The company plans to focus on strengthening its market position and enhancing operational efficiency to navigate the competitive landscape. Management remains optimistic about leveraging its technological capabilities and broad service offerings to achieve long-term growth and value creation.