Meituan Class B

03690: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Meituan Earnings: Losses Narrow Sharply; Food Delivery Breakeven in Sight

Chelsey Tam

Jun 2, 2026

Meituan’s core local commerce operating loss narrowed to CNY 2.0 billion from CNY 10.0 billion quarter on quarter. Management expects a further sequential improvement in unit economics in the second quarter, supported by favorable seasonality and more rational competition.

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Meituan Class B

Meituan Earnings: Losses Narrow Sharply; Food Delivery Breakeven in Sight

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