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sheenayam
2022-02-18

Meituan total revenues increased by 37.9% to RMB48.8 billion year-over-year for Q3.

For the third quarter of 2021, Meituan total revenues increased by 37.9% to RMB48.8 billion from RMB

Meituan total revenues increased by 37.9% to RMB48.8 billion year-over-year for Q3.

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The&nbsp;company had cash and cash equivalents of RMB50.9 billion and short-term treasury investments of RMB70.0 billion as of September 30, 2021, compared to the balances of RMB71.4 billion and RMB51.1 billion as of June 30, 2021, respectively.</p>\n<p>Food Delivery </p>\n<p>In the third quarter of 2021, Meituan maintained resilient growth for the food delivery segment, despite the negative impact due to the Delta Variant, extreme weather and industry slowdown. During the quarter, GTV of our food delivery business increased by 29.5% year-over-year to RMB197.1 billion. Daily average number of food delivery transactions increased by 24.9% year-over-year to 43.6 million. Revenue increased by 28.0% year-over-year to RMB26.5 billion. Operating profit increased by 14.0% year-over-year to RMB876.1 million in the third quarter of 2021, with operating margin decreasing slightly to 3.3% from 3.7%.</p>\n<p>New Initiatives and Others</p>\n<p>In the third quarter of 2021, revenues from the new initiatives and others segment increased by 66.7% year-over-year to RMB13.7 billion, primarily driven by the growth in retail businesses and bike-sharing and moped services. Operating loss for the segment increased both year-over-year and quarter-over-quarter to RMB10.9 billion in the third quarter of 2021, while operating margin decreased sequentially by 2.7 percentage points to negative 79.5% quarter-over-quarter.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meituan total revenues increased by 37.9% to RMB48.8 billion year-over-year for Q3.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeituan total revenues increased by 37.9% to RMB48.8 billion year-over-year for Q3.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-11-26 17:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>For the third quarter of 2021, Meituan total revenues increased by 37.9% to RMB48.8 billion from&nbsp;RMB35.4 billion for the same period of 2020</p>\n<p><img src=\"https://static.tigerbbs.com/db0a1b48b82e8472df37e27613c2a779\" tg-width=\"1088\" tg-height=\"524\" referrerpolicy=\"no-referrer\">The&nbsp;food delivery and in-store, hotel &amp; travel segments realized solid growth, with an aggregate operating profit of RMB4.7 billion from these segments in the third quarter of 2021, up from RMB3.6 billion for the same period of 2020; while operating loss from the new initiatives and others segment expanded, as the&nbsp;company continued to invest in areas that would bring long-term value to the Company.</p>\n<p>As a result, both adjusted EBITDA and adjusted net profit experienced negative year-over-year growth for the third quarter of 2021 and turned to negative RMB4.1 billion and adjusted net loss RMB5.5 billion, respectively.</p>\n<p>Meituan net cash flows from operating activities turned to an outflow of RMB4.0 billion in the third quarter of 2021 from an inflow of RMB3.3 billion for the same period of 2020. The&nbsp;company had cash and cash equivalents of RMB50.9 billion and short-term treasury investments of RMB70.0 billion as of September 30, 2021, compared to the balances of RMB71.4 billion and RMB51.1 billion as of June 30, 2021, respectively.</p>\n<p>Food Delivery </p>\n<p>In the third quarter of 2021, Meituan maintained resilient growth for the food delivery segment, despite the negative impact due to the Delta Variant, extreme weather and industry slowdown. During the quarter, GTV of our food delivery business increased by 29.5% year-over-year to RMB197.1 billion. Daily average number of food delivery transactions increased by 24.9% year-over-year to 43.6 million. Revenue increased by 28.0% year-over-year to RMB26.5 billion. Operating profit increased by 14.0% year-over-year to RMB876.1 million in the third quarter of 2021, with operating margin decreasing slightly to 3.3% from 3.7%.</p>\n<p>New Initiatives and Others</p>\n<p>In the third quarter of 2021, revenues from the new initiatives and others segment increased by 66.7% year-over-year to RMB13.7 billion, primarily driven by the growth in retail businesses and bike-sharing and moped services. Operating loss for the segment increased both year-over-year and quarter-over-quarter to RMB10.9 billion in the third quarter of 2021, while operating margin decreased sequentially by 2.7 percentage points to negative 79.5% quarter-over-quarter.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MPNGY":"美团ADR","03690":"美团-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101305277","content_text":"For the third quarter of 2021, Meituan total revenues increased by 37.9% to RMB48.8 billion from RMB35.4 billion for the same period of 2020\nThe food delivery and in-store, hotel & travel segments realized solid growth, with an aggregate operating profit of RMB4.7 billion from these segments in the third quarter of 2021, up from RMB3.6 billion for the same period of 2020; while operating loss from the new initiatives and others segment expanded, as the company continued to invest in areas that would bring long-term value to the Company.\nAs a result, both adjusted EBITDA and adjusted net profit experienced negative year-over-year growth for the third quarter of 2021 and turned to negative RMB4.1 billion and adjusted net loss RMB5.5 billion, respectively.\nMeituan net cash flows from operating activities turned to an outflow of RMB4.0 billion in the third quarter of 2021 from an inflow of RMB3.3 billion for the same period of 2020. The company had cash and cash equivalents of RMB50.9 billion and short-term treasury investments of RMB70.0 billion as of September 30, 2021, compared to the balances of RMB71.4 billion and RMB51.1 billion as of June 30, 2021, respectively.\nFood Delivery \nIn the third quarter of 2021, Meituan maintained resilient growth for the food delivery segment, despite the negative impact due to the Delta Variant, extreme weather and industry slowdown. During the quarter, GTV of our food delivery business increased by 29.5% year-over-year to RMB197.1 billion. Daily average number of food delivery transactions increased by 24.9% year-over-year to 43.6 million. Revenue increased by 28.0% year-over-year to RMB26.5 billion. Operating profit increased by 14.0% year-over-year to RMB876.1 million in the third quarter of 2021, with operating margin decreasing slightly to 3.3% from 3.7%.\nNew Initiatives and Others\nIn the third quarter of 2021, revenues from the new initiatives and others segment increased by 66.7% year-over-year to RMB13.7 billion, primarily driven by the growth in retail businesses and bike-sharing and moped services. Operating loss for the segment increased both year-over-year and quarter-over-quarter to RMB10.9 billion in the third quarter of 2021, while operating margin decreased sequentially by 2.7 percentage points to negative 79.5% quarter-over-quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":368,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}