Meituan Q2 adjusted net income RMB 1,493 million

Meituan Q2 adjusted net income RMB 1,493 million

Meituan, one of China's leading technology companies, has released its second-quarter financial results, revealing an adjusted net income of RMB 1,493 million. This marks a significant achievement amidst the intense competition in the food delivery and instant retail sectors [2].

The company's revenue for the second quarter is expected to reach 93.788 billion yuan, indicating a year-on-year increase of 14.03% [2]. However, the company's profitability is under pressure due to the ongoing subsidy wars in its core food delivery business. Despite this, analysts expect Meituan to show solid revenue growth in the quarter [2].

The earnings report comes at a critical time as Meituan continues to face intense competition from JD.com and Ele.me. The company has indicated its willingness to take all necessary measures to defend its market leadership in the food delivery sector [2]. Meituan's instant retail service, Meituan Flash Purchase, is also expected to be a highlight in this quarter's report. During the recent 618 shopping festival, Meituan reported a significant increase in transaction volume, with nearly one million physical stores attracting over 100 million customers [2].

Meituan's overseas delivery platform, Keeta, is also expanding its operations. The platform is currently trialing its services in Hong Kong and is planning to expand to the Middle East, with the potential to enter the UAE and Kuwait in the near future [2]. Analysts expect Keeta's market share in the Middle East to reach 20% by 2028, with a GMV of $6 billion [2].

The earnings report also highlights the challenges faced by Meituan in maintaining its profitability and market share. While the company is expected to maintain operational profits at breakeven, the subsidy war and competition in the industry pose significant risks to its financial performance [2]. The implied volatility in Meituan's stock options market is currently at ±4.56%, indicating that investors are expecting significant price fluctuations post-announcement [2].

Overall, Meituan's Q2 results demonstrate the company's resilience in the face of intense competition and market challenges. As the company continues to expand its product categories and overseas operations, investors will be closely watching its ability to translate these efforts into sustainable financial performance.

References:
[1] Reuters. (2025, August 26). MongoDB Q2 Revenue and EPS Beat Estimates. Retrieved from https://www.tradingview.com/news/reuters.com,2025-08-26:newsml_PLX2E337F:0-brief-mongodb-q2-adjusted-eps-usd-1-vs-ibes-estimate-usd-0-66/
[2] Futunn. (2025, August 27). A Preview in One Chart: Meituan's Q2 Earnings Report. Retrieved from https://news.futunn.com/en/post/61065774/a-preview-in-one-chart-meituan-s-q2-earnings-report
[3] AInvest. (2025, August 26). Nvidia Earnings Set to Boost Stock Futures Ahead of Q2 Earnings Season. Retrieved from https://www.ainvest.com/news/nvidia-earnings-set-boost-stock-futures-q2-earnings-season-2508/