SEHK:3690Hospitality
Meituan (SEHK:3690) Stock Rebounds On Profit Surprise And Margin Repair
Meituan stock came into this earnings print under pressure, down over the past week and month, yet the latest quarter landed with a clear profit surprise. The company delivered Q2 2026 revenue of RMB 104.6b and swung to net income of RMB 2.2b after a loss in Q1, putting profitability back at the center of the story.
The headline this quarter is margin repair. Cost of revenue and sales and marketing ratios both moved lower, while Meituan leaned into artificial intelligence spend, hinting at a...