Meituan 4Q24 Results: Top-line Growth Could Remain in 2025
What’s new: Meituan’s reported 4Q24 results that top consensus and our expectations. While top-line growth in 1Q25 could be partly impacted by tougher comps, FY25 outlook could remain resilient. Margins could be impacted partly due to continued investments related to Keeta. We maintain our PT at HKD200.Analysts:
Jin Yoon
MEITUAN DIANPING is a China-based e-commerce platform providing life services. The Company connects consumers and businesses to provide services satisfying people's daily eating needs. The Company owns an instant food ordering and delivery brand, Meituan, as well as provides services through its mobile application, Meituan. The Company is also engaged in the operation of a bike-sharing brand, Mobike.
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