Meituan's revenue in the second quarter of 2024 reached 82.3 billion, a year-on-year increase of 21%.
Posted: Sun Dec 22, 2024 9:47 am
In the second quarter of this year, Meituan achieved revenue of 82.3 billion yuan, a year-on-year increase of 21%; revenue in the first half of the year was 155.527 billion yuan, a year-on-year increase of 22.9%.
In the second quarter, the company's adjusted net profit was 13.6 billion yuan, a year- on-year increase of 77.6%; in the first half of the year, the company's adjusted net profit was 21.1 billion yuan, a year-on-year increase of 60.4%. Among them, the core local business revenue increased by 18.5% year-on-year to 60.7 billion yuan, and the operating profit loss of new business was significantly narrowed by 75%.
Among them, delivery services achieved revenue of 23.021 billion yuan in the second quarter, a year-on-year increase of 13%, mainly due to the increase in the number of transactions. Commissions achieved country code philippines mobile revenue of 22.825 billion yuan in the second quarter, a year-on-year increase of 20.7%. Online marketing services achieved 12.36 billion yuan in the second quarter, a year-on-year increase of 19.9%. Other services and sales (including interest income) achieved revenue of 24.045 billion yuan in the second quarter, a year-on-year increase of 30.9%, mainly due to the increase in the number of active online marketing merchants.
As the current consumption pattern shifts towards more, faster, better, and cheaper, Meituan has made significant progress in helping local retail entities digitize. This quarter, Meituan's annual active users and merchants hit new highs, and the number of instant delivery orders reached 6.2 billion.
The fact that instant retail has become a new consumer trend is inseparable from the hard work of riders and the support of all parties. Meituan is actively working with local communities, local businesses, and property companies to explore convenient transportation solutions and set up rest stops to further optimize the rider delivery environment and enrich rider care. As of mid-August, Meituan's "rider-friendly communities" have covered more than 20 cities, and it has cooperated with tens of thousands of local stores to implement "rider-friendly businesses.
In the second quarter, the company's adjusted net profit was 13.6 billion yuan, a year- on-year increase of 77.6%; in the first half of the year, the company's adjusted net profit was 21.1 billion yuan, a year-on-year increase of 60.4%. Among them, the core local business revenue increased by 18.5% year-on-year to 60.7 billion yuan, and the operating profit loss of new business was significantly narrowed by 75%.
Among them, delivery services achieved revenue of 23.021 billion yuan in the second quarter, a year-on-year increase of 13%, mainly due to the increase in the number of transactions. Commissions achieved country code philippines mobile revenue of 22.825 billion yuan in the second quarter, a year-on-year increase of 20.7%. Online marketing services achieved 12.36 billion yuan in the second quarter, a year-on-year increase of 19.9%. Other services and sales (including interest income) achieved revenue of 24.045 billion yuan in the second quarter, a year-on-year increase of 30.9%, mainly due to the increase in the number of active online marketing merchants.
As the current consumption pattern shifts towards more, faster, better, and cheaper, Meituan has made significant progress in helping local retail entities digitize. This quarter, Meituan's annual active users and merchants hit new highs, and the number of instant delivery orders reached 6.2 billion.
The fact that instant retail has become a new consumer trend is inseparable from the hard work of riders and the support of all parties. Meituan is actively working with local communities, local businesses, and property companies to explore convenient transportation solutions and set up rest stops to further optimize the rider delivery environment and enrich rider care. As of mid-August, Meituan's "rider-friendly communities" have covered more than 20 cities, and it has cooperated with tens of thousands of local stores to implement "rider-friendly businesses.