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Meituan 4Q Loss CNY1.08B Vs. Loss CNY5.34B >3690.HK

Por: MarketWatch Business March 24, 2023

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The result beat a median estimate for a CNY1.31 billion loss by a FactSet poll of analysts. Revenue for the period rose to CNY60.13 billion from CNY49.52 billion a year earlier, Meituan said Friday. This also beat FactSet estimates, which tipped for revenue to rise to CNY57.95 billion. Meituan attributed the higher revenue mostly to strong demand for food-delivery services in December due to the spread of Covid-19. In 2022, Meituan's peak... + full article



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