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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.