Meituan will suffer a massive loss of 23.4 billion yuan in 2025. Wang Xing states his firm opposition to irrational "involution" competition.

WealthCoffee · 2026-03-26T15:24:06+00:00

Meituan's 2025 financial report shows the company's operating revenue was 364.855 billion yuan, an increase of 8.1% year-over-year, but the growth rate has significantly slowed. The annual loss reached 23.4 billion yuan, mainly due to increased competition in the food delivery market and higher overseas investments. This is the first time Meituan has reported a loss since turning profitable in 2024.

WealthCoffee

2026-03-26 15:24:06

Abstract generation in progress

[Caixin] The competition for market share and price wars in the food delivery sector have impacted Meituan’s performance through 2025, with the full-year loss reaching 23.455 billion yuan and revenue growth significantly slowing down; however, some of the losses are due to increased investments in overseas markets.

On the evening of March 26, Meituan (03690.HK) released its Q4 and full-year 2025 financial reports. In 2025, Meituan achieved revenue of 364.855 billion yuan, an 8.1% year-on-year increase, a sharp slowdown compared to the 25.8% and 22% growth in the previous two years. Notably, after two consecutive years of profitability, Meituan again fell into loss in 2025, with a net loss of 23.354 billion yuan, compared to a profit of 35.808 billion yuan in 2024.

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