On Monday, Meituan released its earnings report for the first quarter of 2025, with data exceeding expectations. The data shows that Meituan's revenue in the first quarter reached 86.6 billion yuan, a year-on-year increase of 18.1%, surpassing the market estimate of 85.44 billion yuan. The net income was 10.1 billion yuan, up 87.3% from 5.4 billion yuan in the same period last year; adjusted net income was 10.9 billion yuan, a year-on-year increase of 46.2%, far exceeding the estimate of 9.73 billion yuan. Operating profit surged by 102.8% to 10.6 billion yuan, and the operating profit margin reached 12.2%, compared to only 7.1% in the same period last year. Gross profit reached 32.41 billion yuan, with selling expenses of 15.55 billion yuan and R&D expenses of 5.77 billion yuan. In terms of cash reserves, the company's cash and cash equivalents amounted to 115 billion yuan, with short-term financial investments at 65.4 billion yuan.
From the perspective of business sectors,Local business segment.Revenue reached 64.3 billion, a year-on-year increase of 17.8%, with the operating profit margin improving to 21.0%, showing remarkable performance.Food delivery business.As the core, maintain healthy growth through refined operations, further enhancing user stickiness and purchase frequency, while increasing the number of medium and high-frequency users drives simultaneous growth in commission and delivery service revenue. Meituan actively promotes the "Bright Kitchen Bright Stove" initiative to enhance food safety transparency and announces an investment of 100 billion yuan over the next three years to promote high-quality development in the Industry, further consolidating its leading position in the takeaway market.
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