Summary by Futu AI
Meituan disclosed unaudited consolidated performance for the three months and six months ended June 30, 2024, showing significant growth in revenue and operating profit. In the first half of 2024, Meituan's revenue reached 155.5 billion yuan, a year-on-year increase of 22.9%; operating profit reached 16.4 billion yuan, a year-on-year increase of 98.4%. During this period, Meituan's real-time delivery transaction volume reached 61.671 million, a year-on-year increase of 14.2%. The company's core local commerce segment revenue grew by 18.5% to 60.7 billion yuan, and operating profit grew by 36.8% to 15.2 billion yuan. The revenue of the new business segment grew by 28.7% to 21.6 billion yuan, and the operating loss narrowed by 74.7% to 1.3 billion yuan on a year-on-year basis. Meituan stated that the company will continue to deepen the supply chain, provide diversified commodities and services to cope with the ever-changing consumer trends.