Meituan Reports Strong Mid-Year Financial Growth

Meituan Dianping (HK:3690) has released an update.

Meituan Dianping has reported a robust financial performance for the first half of 2024, with a notable 21% year-over-year revenue growth in the second quarter and a significant increase in profits, with operating profit and profit for the period surging by 138.8% and 142.1% respectively. The company’s non-IFRS measures, including adjusted EBITDA and adjusted net profit, also saw substantial rises. Additionally, the number of on-demand delivery transactions grew by 14.2% compared to the same period in 2023.

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