Meituan Q2 revenue reached 104.64 billion yuan, a year-on-year increase of 14.4%

Meituan announced its unaudited consolidated results for the three months and six months ended June 30, 2026. Revenue for the second quarter was 104.643 billion yuan, a year-on-year increase of 14.4%; operating profit was 2.691 billion yuan, with a profit of 2.155 billion yuan during the period, a year-on-year increase of 490.0%; adjusted EBITDA was 4.098 billion yuan, accounting for 3.9% of revenue, a year-on-year increase of 47.3%; adjusted net profit was 2.524 billion yuan, accounting for 2.4% of revenue, a year-on-year increase of 69.0%.

Core local business revenue was 71.531 billion yuan, a year-on-year increase of 10.1%, with an operating profit of 5.668 billion yuan and a profit margin of 7.9%; new business revenue was 33.112 billion yuan, with an operating loss of 1.739 billion yuan. The net cash inflow from operating activities in the second quarter was 9.7 billion yuan. As of June 30, 2026, cash and cash equivalents were 104.7 billion yuan, and short-term financial investments were 63.6 billion yuan.

Revenue for the first half of the year was 195.682 billion yuan, a year-on-year increase of 10.1%; operating loss was 3.779 billion yuan, with a loss of 4.672 billion yuan during the period; adjusted EBITDA was 1.049 billion yuan, and adjusted net loss was 2.444 billion yuan.