Meituan 4Q25 Results: CLC Operating Loss Could Meaningfully Narrow in 1Q26
What’s new: Meituan’s reported 4Q25 revs that were in line with consensus and our expectations. Assuming market competition remains rational, food delivery unit economics could continue to sequentially improve throughout FY26 where CLC could return to profitability in the 2H26. We maintain our PT at HKD140.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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