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Meituan Dianping (HK:3690)
:3690
Earnings Data
Report Date
May 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.74Last Year’s EPS
1.28Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 21, 2025
|% Change Since: -1.43%
|Next Earnings Date:May 28, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced outlook with significant achievements in revenue growth, expansion, and technological advancements. However, challenges remain in specific segments such as order volume growth and cost management for new initiatives.Company Guidance
During the Meituan Fourth Quarter and Full Year 2024 Earnings Conference Call, the company provided comprehensive guidance and performance metrics for the past fiscal year. Total revenue for 2024 increased by 22% year-over-year to RMB337.6 billion, with notable increases in annual transacting users, which exceeded 7.70 million, and annual active merchants, which rose to 14.5 million. The average purchase frequency of annual transaction users reached a new high. In the fourth quarter alone, total revenue grew by 20.1% year-over-year to RMB88.5 billion. The company highlighted advancements in their food delivery business, with daily order volume surpassing 98 million on peak days. Additionally, Meituan emphasized the expansion of its Meituan Instashopping service and its foray into overseas markets, particularly with the launch of Keeta in Saudi Arabia. The company's focus on technology was evident in the reported 4.9 million commercial orders fulfilled by autonomous vehicles and 1.45 million by drones. Financially, the core local commerce segment achieved a revenue growth of 18.9% year-over-year, reaching RMB65.6 billion, while the new initiative segment saw a 23.5% increase to RMB22.9 billion. As for profitability, the adjusted net profit for the fourth quarter rose to RMB9.8 billion, supported by improved operating leverage and efficiency. Meituan also announced strategic investments in AI and autonomous delivery technologies, alongside initiatives to enhance merchant support and courier welfare.Record Revenue Growth
Total revenue for the full year of 2024 increased by 22% year-over-year to RMB337.6 billion.
Significant Increase in Active Merchants and Users
Annual transacting users exceeded 7.70 million, and annual active merchants increased notably to 14.5 million.
Expansion into Overseas Markets
Keeta was launched in Saudi Arabia, with operations expanding rapidly to major cities.
Advancements in Autonomous Delivery
By the end of 2024, commercial orders fulfilled by autonomous vehicles and drones reached 4.9 million and 1.45 million, respectively.
Strong Financial Performance
Total segment operating profit grew to RMB10.7 billion, up from RMB3.2 billion last year, with an adjusted net profit of RMB9.8 billion.
Innovations in On-Demand Delivery
Introduction of Pin Hao Fan and branded satellite stores, enhancing food delivery options and efficiency.
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HK:3690 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HK:3690 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 21, 2025 | HK$168.10 | HK$167.60 | -0.30% |
| Nov 29, 2024 | HK$172.20 | HK$168.70 | -2.03% |
| Aug 28, 2024 | HK$106.20 | HK$102.80 | -3.20% |
| Jun 06, 2024 | HK$112.60 | HK$112.70 | +0.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Meituan Dianping (HK:3690) report earnings?
Meituan Dianping (HK:3690) is schdueled to report earning on May 28, 2025, TBA Not Confirmed.
What is Meituan Dianping (HK:3690) earnings time?
Meituan Dianping (HK:3690) earnings time is at May 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Meituan Dianping stock?
The P/E ratio of Meituan Dianping is N/A.
What is HK:3690 EPS forecast?
HK:3690 EPS forecast for the fiscal quarter 2025 (Q1) is 1.74.
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