$Meituan(03690)$ announced Q4 and full-year earning reports. Double beat as usual, investors should pay more attention to business segments. Margin increased again, scale effect in delivery helped a lot. However, Tencent’s dividends make it under selling pressure.Overview of Q4Revenuee 60.13 billion yuan, a year-on-year increase of 21.4%. It is one of the few Internet companies that maintains double-digit growth, which is higher than the market expectation of 57.92 billion yuan. In terms of business, the overall core local business revenue was 43.47 billion yuan, a year-on-year increase of 17.4%, higher than the market expectation of 41.44 billion
METmain (MeiTuan - main 2412)
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Sailing with both profitability and competition, Meituan's Still Undervalued
August 24th, $MEITUAN-W(03690)$ released 2023 Q2 earnings, who demonstrated a comprehensive recovery in the first quarter, continued the trend of recovery in Q2 while facing stronger competition. Currently, Meituan remains advantageous in the local lifestyle sector, competing with platforms like Douyin (TikTok). The revival of high-profit-margin businesses has also increased the overall profitability of the company, further solidifying its valuation foundation.With the impact of Tencent's Special dividends on the stock price ending in the first half of the year, coupled with enhanced operational capabilities and rising profit levels, the company's valuation foundation continues to improve. The restoration of market confidence is the only missing
Sailing with both profitability and competition, Meituan's Still Undervalued
Meituan Q4, Double beat cannot stop holders selling
Meituan Q4, Double beat cannot stop holders selling
Meituan's Q4: Strong Takeaways Margin help beat estimate
Meituan released Q4 and 2021 annual earnings. $MEITUAN-W(03690)$ $MEITUAN(MPNGY)$ $MeiTuan - main 2203(METmain)$ In 2021, Q4 revenue was 49.5 billion yuan, and the market expected consensus was estimated to be 49.3 billion yuan; The adjusted net loss was 3.94 billion yuan, which was better than the consensus loss of 5.79 billion yuan expected by the market, but increased from the loss of 1.44 billion yuan in the same period of last year. In 2021, the annual revenue was 179.13 billion yuan, a year-on-year increase of 56%, and the market expected consensus was 179.54 billion yuan; The adjusted net loss is 15.6 billion yuan, and the profit in 2020
Meituan's Q4: Strong Takeaways Margin help beat estimate