Meituan Q1 Revenue Reaches 91 Billion Yuan; Core Local Business Losses Narrow to 2 Billion Yuan

MEITUAN6.75%
According to Meituan's Q1 2026 earnings release on June 1, revenue reached 91 billion yuan, up 5.6% year-over-year. Operating losses narrowed significantly from 16.1 billion yuan in the prior quarter to 6.5 billion yuan. Core local business losses contracted to 2 billion yuan from 10 billion yuan, while new business segment losses shrank to 2.1 billion yuan from 4.6 billion yuan. The company boosted research and development spending by 22% to 7 billion yuan, representing 7.7% of total revenue.
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