$MEITUAN Meituan Q2 revenue of RMB 104.643 billion, up 14.4% year over year; adjusted net profit of RMB 2.524 billion, far exceeding expectations, up 69%

For the second quarter of 2026, the financial report shows:

Revenue was RMB 104.643 billion (same currency below), up 14.4% year over year, versus market expectations of RMB 101.079 billion;
adjusted net profit was RMB 2.524 billion, up 69% year over year, versus market expectations of RMB 0.340 billion;
operating profit was RMB 2.691 billion, versus a market-expected loss of RMB 0.8459 billion;
core local commerce revenue was RMB 71.530 billion, versus market expectations of RMB 68.584 billion;
new business revenue was RMB 33.112 billion, versus market expectations of RMB 32.525 billion;
R&D expenses were RMB 7.67 billion, versus market expectations of RMB 7.24 billion.