SEHK:3690Hospitality
Assessing Meituan’s Valuation As FY2025 Loss Guidance Follows FY2024 Profit And Heavier Competition Spending
Why Meituan’s New Guidance Matters for Shareholders
Meituan (SEHK:3690) has guided for a FY2025 loss of RMB 23,300 million to RMB 24,300 million, after reporting a FY2024 profit of RMB 35,808 million, as competition pushes the company to raise ecosystem investment.
The guidance also points to a shift in the Core Local Commerce segment, from a RMB 52,415 million operating profit in FY2024 to an expected operating loss of RMB 6,800 million to RMB 7,000 million, alongside heavier spending on...