Morningstar

Meituan Posts Quarterly Loss as Price War Continues

Provided by Dow Jones

By Tracy Qu 




  Meituan recorded a loss in the final quarter of 2025 as the food-delivery giant continued to bleed from the brutal price war in China. 



  It was a second straight quarter in the red for the Chinese shopping-and-delivery platform, which swung to a loss in the third quarter for the first time in three years. Amid a food-delivery battle with rivals like Alibaba Group and e-commerce platform JD.com, Meituan has been aggressively offering discounts to attract customers and maintain its market leadership. 



  The competition has pummeled margins of all three companies. It pushed JD.com into its first quarterly loss in nearly four years, while Alibaba's profit slid 67% in the three months ended December. 



  On Thursday, Beijing-based Meituan said its fourth-quarter net loss came to 15.14 billion yuan, equivalent to $2.19 billion, compared with net profit of 6.22 billion yuan a year earlier. Revenue rose 4.1% to 92.10 billion yuan. 



  Analysts had predicted a net loss of 15.74 billion yuan on revenue of 92.06 billion yuan, according to a FactSet consensus estimate. 





  Write to Tracy Qu at tracy.qu@wsj.com 





  (END) Dow Jones Newswires



  March 26, 2026 06:05 ET (10:05 GMT)


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