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MEITUAN-W 3Q Swings to Loss; Non-IFRS Loss RMB16B+ In Line
2025-11-28 16:41:38
MEITUAN-W (03690.HK) swung from profit to loss in 3Q ended September 2025, with a net loss of RMB18.632 billion, compared to a profit of RMB12.865 billion in the same period last year, missing the forecasted range of RMB15.936 billion-17.772 billion of 4 brokers as summarized by our reporters.

MEITUAN-W recorded a non-IFRS adjusted net loss of nearly RMB16.01 billion, compared to an adjusted net profit of RMB12.829 billion in 3Q24, in line with forecasts from 6 brokers ranging from RMB14.625 billion-17.762 billion as summarized by our reporters, slightly below the median forecast of RMB16.13 billion.

During the period, non-IFRS adjusted EBITDA loss was RMB14.842 billion, compared to an adjusted EBITDA of RMB14.529 billion in the same period last year.
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