China's Meituan Posts 16.4% Jump in Q2 Revenue, Beats Estimate

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China's Meituan Posts 16.4% Jump in Q2 Revenue, Beats Estimate

Reuters2022-08-26

BEIJING, Aug 26 (Reuters) - Chinese food delivery company Meituan posted a better-than-expected 16.4% rise in quarterly revenue on Friday, as its business fared better than expected in a period that saw a resurgence of COVID-19 cases in China.

Total revenue rose to 50.94 billion yuan ($7.42 billion) for the quarter ended June from a year earlier, beating the 48.59 billion yuan expected on average by 14 analysts, Refinitiv Eikon data showed.

($1 = 6.8623 Chinese yuan renminbi)

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Zarkness
·2022-08-26
Nice 👍
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