On Monday, Meituan (MPNGY,MPNGF,3690.HK) reported a loss for the first quarter of 2026, compared to a profit in the same quarter in 2025, attributable to higher operating expenses, despite revenue growth.
On the HKSE, the shares closed Monday's regular trading at HK$78.250, 6.54 percent higher.
The company recorded a net loss for the period of RMB6.83 billion, compared to a profit of RMB10.06 billion in 2025.
Adjusted net loss was RMB4.97 billion, compared to a profit of RMB10.95 billion in the previous year.
Operating loss for the first quarter was RMB6.47 billion, compared to a profit of RMB10.57 billion in the same quarter in 2025.
Adjusted EBITDA loss was RMB3.05 billion, compared to profit of RMB12.30 billion last year.
Revenues, however, grew 5.6% to RMB91.04 billion from RMB86.21 billion in the the previous year.
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