MEITUAN POSTS $15.62B Q2 REVENUE, RETURNS TO PROFIT

The results mark a significant turnaround for Meituan as competitive pressures in China's food delivery market ease. Revenue beat consensus estimates of 101 billion yuan, demonstrating stronger-than-expected performance across the company's core operations. Meituan's return to profitability comes as the intense price war that defined the food delivery sector over the past year has cooled. The company had faced mounting losses as competitors aggressively undercut prices to gain market share, squeezing margins industry-wide. The turnaround reflects both improved operational efficiency and normalization of market conditions. The company's diversified revenue streams—spanning food delivery, local services, and community commerce—continue to support growth. Meituan's profitability recovery provides relief to investors concerned about the sustainability of its business model amid fierce competition in China's increasingly saturated delivery market.