Meituan Q2 Revenue Up 14.4% YoY, Adjusted Net Profit of RMB 2.52 Billion Beats Expectations Significantly; Core Business Turns Profitable QoQ | WSJ Financial News

Meituan's Q2 2026 revenue reached RMB 104.64 billion, with adjusted net profit of RMB 2.52 billion, significantly exceeding market estimates of approximately RMB 340 million. The core local commerce segment became the biggest highlight of the quarter—revenue grew 10.1% to RMB 71.5 billion, with operating profit recovering to RMB 5.67 billion, a 52.3% improvement YoY, compared to a loss of RMB 2 billion in the previous month, primarily driven by significantly enhanced profitability in the on-demand delivery business.