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Meituan's Profit Balloons 258% in Q3
[Hong Kong Stock Connect] Meituan (03690) Q3 net income increased by 258.05% year-on-year.
Jinwu Financial News | Meituan (03690) announced its performance for the three months ending September 30, 2024. During the period, the profit attributable to the company's equity holders was 12.865 billion yuan (RMB, same below), a year-on-year increase of 258.05%. During the period, the group's revenue was 93.577 billion yuan, a year-on-year increase of 22.38%. Specifically, delivery service revenue was 27.784 billion yuan, a year-on-year increase of 20.89%; commission revenue was 26.89 billion yuan, a year-on-year increase of 24.86%; online marketing services revenue was 13.539 billion yuan, a year-on-year increase of 18.36%; other services and sales (including interest
Meituan released its Q3 2024 financial report: quarterly revenue of 93.6 billion yuan, a year-on-year growth of 22.4%.
On November 29, Meituan (stock code: 3690.HK) released its performance report for the third quarter of 2024. In this quarter, Meituan achieved revenue of 93.6 billion yuan (RMB, same below), a year-on-year growth of 22.4%. With the solid advancement of high-quality economic development in china and the improvement of consumer confidence, in the third quarter, the number of annual trading users, the number of active merchants, and the annual average consumption frequency of annual trading users all continued to grow, breaking historical highs. The number of instant delivery orders increased to 7.1 billion. "In this quarter, the company's various businesses achieved stable development," said Meituan CEO Wang Xing. "We will continue to meet user demand."
Meituan 3Q Operating Margin 14.5% Vs. 6.5% >3690.HK
Meituan 3Q Net CNY12.86B Vs. Net CNY3.59B >3690.HK
Express News | Meituan Q3 Revenue RMB 93,600 Million
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