Meituan reported a loss of 15.1 billion last quarter, with food delivery losses narrowing. Wang Xing: Follow regulatory guidance and stay firm against "internal competition."

SighingCashier · 2026-03-26T18:29:38+00:00

Meituan reported a net loss of 15.1 billion yuan in Q4 2026, mainly due to competition in the instant retail sector. Although the food delivery and flash sales businesses are facing losses, quarterly revenue still grew by 4% to 92.1 billion yuan. Wang Xing stated that the company will follow regulatory guidance and坚持反内卷.

SighingCashier

2026-03-26 18:29:38

Abstract generation in progress

March 27, 2026

Meituan reported a net loss of 15.1 billion yuan last quarter, with losses in food delivery narrowing
Wang Xing: Following regulatory guidance and坚定“anti-involution”

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Deeply embroiled in fierce competition in instant retail, Meituan (03690), as warned, shifted from profit to loss. In the fourth quarter of last year, adjusted net loss reached 15.1 billion yuan (RMB), compared to a profit of 9.8 billion yuan in the same period in 2024. This reflects that the core local commerce segment, including food delivery and flash sales, recorded an operating loss of 10 billion yuan, though losses narrowed quarter-on-quarter. The group’s quarterly revenue grew 4% to 92.1 billion yuan, in line with expectations.
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