Meituan Likely to Post Loss for 4Q -- Earnings Preview

Dow Jones03-25 15:50

By Tracy Qu

Meituan is scheduled to report results for fourth quarter on Thursday. Here's what you need to know:

NET PROFIT FORECAST: The Chinese food-delivery company is expected to report net loss of 15.74 billion yuan, equivalent to $2.28 billion, according to the consensus estimate by analysts polled by FactSet. Meituan reported net profit of 6.22 billion yuan for the year-earlier period.

REVENUE FORECAST: Fourth-quarter revenue is estimated at 92.06 billion yuan, according to FactSet, up 4.0% from a year ago.

The company's Hong Kong-listed shares lost 1.15% over the fourth quarter of 2025, and have racked up a further drop of 14% since the beginning of this year amid investor concern about its outlook due to China's food-delivery war.

WHAT TO WATCH:

--DOMESTIC: Meituan still faces challenges as China's food delivery war rages on, Citi analysts said in a research note. Citi expects results to be in line with consensus expectations, but flags local commerce as a potential weak spot given that rival Alibaba aims to further gain share in food delivery and instant retail, as well as competition in the in-store business posed by ByteDance's Douyin.

--OVERSEAS: Meituan's overseas business Keeta likely progressed well, with Saudi Arabia and United Arab Emirates operations supporting Middle East growth, the Citi analysts said. Meanwhile, stiff competition in Brazil could contribute to losses for Meituan's new initiative unit, Citi said.

Write to Tracy Qu at tracy.qu@wsj.com

(END) Dow Jones Newswires

March 25, 2026 03:50 ET (07:50 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Here's what you need to know: \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  NET PROFIT FORECAST: The Chinese food-delivery company is expected to report net loss of 15.74 billion yuan, equivalent to $2.28 billion, according to the consensus estimate by analysts polled by FactSet. Meituan reported net profit of 6.22 billion yuan for the year-earlier period. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  REVENUE FORECAST: Fourth-quarter revenue is estimated at 92.06 billion yuan, according to FactSet, up 4.0% from a year ago. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  The company's Hong Kong-listed shares lost 1.15% over the fourth quarter of 2025, and have racked up a further drop of 14% since the beginning of this year amid investor concern about its outlook due to China's food-delivery war. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  WHAT TO WATCH: \n</p>\n<p>\n  --DOMESTIC: Meituan still faces challenges as China's food delivery war rages on, Citi analysts said in a research note. Citi expects results to be in line with consensus expectations, but flags local commerce as a potential weak spot given that rival Alibaba aims to further gain share in food delivery and instant retail, as well as competition in the in-store business posed by ByteDance's Douyin. \n</p>\n<p>\n  --OVERSEAS: Meituan's overseas business Keeta likely progressed well, with Saudi Arabia and United Arab Emirates operations supporting Middle East growth, the Citi analysts said. 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Here's what you need to know: \n\n\n \n\n\n  NET PROFIT FORECAST: The Chinese food-delivery company is expected to report net loss of 15.74 billion yuan, equivalent to $2.28 billion, according to the consensus estimate by analysts polled by FactSet. Meituan reported net profit of 6.22 billion yuan for the year-earlier period. \n\n\n \n\n\n  REVENUE FORECAST: Fourth-quarter revenue is estimated at 92.06 billion yuan, according to FactSet, up 4.0% from a year ago. \n\n\n \n\n\n  The company's Hong Kong-listed shares lost 1.15% over the fourth quarter of 2025, and have racked up a further drop of 14% since the beginning of this year amid investor concern about its outlook due to China's food-delivery war. \n\n\n \n\n\n  WHAT TO WATCH: \n\n\n  --DOMESTIC: Meituan still faces challenges as China's food delivery war rages on, Citi analysts said in a research note. Citi expects results to be in line with consensus expectations, but flags local commerce as a potential weak spot given that rival Alibaba aims to further gain share in food delivery and instant retail, as well as competition in the in-store business posed by ByteDance's Douyin. \n\n\n  --OVERSEAS: Meituan's overseas business Keeta likely progressed well, with Saudi Arabia and United Arab Emirates operations supporting Middle East growth, the Citi analysts said. Meanwhile, stiff competition in Brazil could contribute to losses for Meituan's new initiative unit, Citi said. \n\n\n \n\n\n  Write to Tracy Qu at tracy.qu@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 25, 2026 03:50 ET (07:50 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"preview","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.38.0","shortVersion":"4.38.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2622023349","isCrawlerRequest":true}