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<Results>MEITUAN-W 1Q Non-IFRS Adj. Loss RMB4.968B Beats
MEITUAN-W (03690.HK) announced its results for 1Q26 ended March. Net loss during the period was approximately RMB6.827 billion, compared with net profit of approximately RMB10.06 b...
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<Results>MEITUAN-W 1Q Non-IFRS Adj. Loss RMB4.968B Beats
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MEITUAN-W (03690.HK)  -5.100 (-5.965%)    Short selling $2.80B; Ratio 41.171%   announced its results for 1Q26 ended March. Net loss during the period was approximately RMB6.827 billion, compared with net profit of approximately RMB10.06 billion in the same period last year. Under non-IFRS, adjusted loss was RMB4.968 billion, compared with adjusted net profit of approximately RMB10.95 billion a year earlier, beating market expectations for a loss of RMB6.83 billion. Operating loss was RMB6.47 billion, also better than market estimates of a loss of RMB9.01 billion.

Total revenue in 1Q26 reached approximately RMB91.04 billion, up 5.6% YoY, in line with market expectations of RMB90.79 billion. Among which, Core Local Commerce segment revenue increased by 0.1% YoY to RMB64.1 billion. Operating loss narrowed significantly to RMB2 billion QoQ. Operating margin decreased YoY, while improved QoQ to negative 3.2%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-03 16:25.)

Related News Citi Raises MEITUAN-W (03690.HK) TP to HKD113; Core Local Commerce Expected to Return to Profit in 2Q26

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