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Meituan Dianping (HK:3690)
HKEX:3690
Holding HK:3690?
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Earnings Data
Report Date
Mar 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
HK$1.77Last Year’s EPS
HK$0.7Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 29, 2024
|% Change Since: -12.54%
|Next Earnings Date:Mar 21, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue and profit growth, successful business expansions, and strategic international moves. Despite some challenges in average order value and a competitive environment, the outlook remains positive with strong market positioning and continued growth strategies.Company Guidance
In the third quarter of 2024, Meituan reported a 22.4% year-over-year increase in total revenue, reaching RMB 93.6 billion, alongside a 124% rise in adjusted net profit to RMB 12.8 billion. The company achieved record highs in annual active merchants and transacting users, further demonstrated by over 98 million daily orders in its on-demand delivery business on August 7. The innovative Pin Hao Fan model attracted over 100 million annual paying users, with the majority aged 35 or younger. Meituan's core local commerce segment posted a 20.2% revenue growth, while the new initiatives segment, driven by goods retail businesses, saw revenue increase by 28.9% to RMB 24.2 billion. The company maintained a robust cash position with RMB 134.2 billion in cash and equivalents as of September 30, 2024, and generated RMB 15.2 billion in cash from operating activities during the quarter. Moving forward, Meituan plans to invest RMB 1 billion in subsidies to support merchants focusing on product development and innovation as part of its comprehensive support initiatives.Record Revenue and Profit Growth
Total revenue increased by 22.4% year-over-year, reaching RMB 93.6 billion. Adjusted net profit increased by 124% to RMB 12.8 billion.
On-Demand Delivery Milestone
Broke 98 million daily orders on August 7.
Growing Consumer and Merchant Engagement
Annual Active Merchants and Transacting users and their purchase frequencies all grew healthily, breaking record highs.
Expansion of Pin Hao Fan
Pin Hao Fan attracted over 100 million annual paying users, with a majority under 35 years old.
Successful Shen Qiang Shou Program
Helped over 10,000 restaurant brands create better-selling items.
Strong In-Store Hotel and Travel Growth
Order volume increased by over 50% year-over-year, and annual transacting users increased by over 30%.
International Expansion
Keeta launched in Riyadh, Saudi Arabia, marking a significant step in international expansion.
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HK:3690 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HK:3690 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 29, 2024 | HK$172.20 | HK$168.70 | -2.03% |
| Aug 28, 2024 | HK$106.20 | HK$102.80 | -3.20% |
| Jun 06, 2024 | HK$112.60 | HK$112.70 | +0.09% |
| Mar 22, 2024 | HK$92.30 | HK$88.25 | -4.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Meituan Dianping (HK:3690) report earnings?
Meituan Dianping (HK:3690) is schdueled to report earning on Mar 21, 2025, TBA Not Confirmed.
What is Meituan Dianping (HK:3690) earnings time?
Meituan Dianping (HK:3690) earnings time is at Mar 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Meituan Dianping stock?
The P/E ratio of Meituan Dianping is 27.0.
What is HK:3690 EPS forecast?
HK:3690 EPS forecast for the fiscal quarter 2024 (Q4) is HK$1.77.
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