SEHK:3690Hospitality
Does Meituan’s Q3 2025 Swing To Net Loss Change The Bull Case For Meituan (SEHK:3690)?
Meituan has reported its third quarter 2025 results, with revenue rising slightly year-on-year to CNY 95,488.11 million but shifting from a CNY 12,864.70 million net profit to a CNY 18,632.45 million net loss.
This move from profit to loss despite higher sales points to pressure on costs or margins, raising questions about the quality of Meituan’s current growth.
Next, we’ll examine how Meituan’s swing to a sizeable quarterly net loss could reshape its previously margin-focused investment...