


Meituan today released its second quarter financial report as of June 30, 2023. In the first half of the year, Meituan’s revenue reached 126.58 billion yuan and net profit was 8.05 billion yuan
According to data, Meituan’s revenue in the second quarter increased by 33.4% from 50.9 billion yuan in the same period in 2022 , reaching 68 billion yuan. According to non-IFRS, net profit was 7.66 billion yuan, a year-on-year increase of 272.2%
Meituan’s core local business segment profit was 11.1 billion yuan, an increase of 4.8% from 8.3 billion yuan in the same period last year %. At the same time, the operating loss of Meituan’s new business segment in the second quarter of 2023 decreased to 5.2 billion yuan year-on-year; the profit during the period was 4.7 billion yuan, compared with the loss of 1.1 billion yuan in the same period last year, achieving a turnaround from losses to profits
In addition, Meituan’s adjusted EBITDA and adjusted net profit in this quarter both reached 7.7 billion yuan, setting a record high
In the second quarter of 2023, Meituan’s operating cash Outflows reached RMB 10.9 billion; as of June 30, 2023, Meituan’s cash and cash equivalents and short-term financial investments were RMB 27 billion and RMB 93.2 billion respectively






General and administrative expenses
General and administrative expenses decreased from RMB2.5 billion in the second quarter of 2022 to RMB2.1 billion in the same period of 2023, accounting for a year-on-year decrease of 1.8 percentage points from 4.9% of revenue. to 3.1%, mainly due to the reduction in employee benefit expenses and the improvement in operating leverage
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The above is the detailed content of Meituan's revenue in the second quarter reached 67.96 billion yuan, a year-on-year increase of 33.4%, and its net profit increased by 272.2% year-on-year.. For more information, please follow other related articles on the PHP Chinese website!

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