Shulou(Shulou.com)11/24 Report--

According to news from IT House on March 24, Meituan today released its results for the fourth quarter and full year of 2022. According to the financial report, the company's fourth-quarter revenue was 60.13 billion yuan, an increase of 21.4% over the same period last year; a net loss of 1.08 billion yuan, an estimated loss of 1.53 billion yuan; and an adjusted net profit of 830 million yuan.

For the whole of 2022, Meituan's revenue was 219.95 billion yuan, an increase of 22.8% over the same period last year. The net loss was 6.69 billion yuan and the adjusted net profit was 2.83 billion yuan.

Despite the negative impact of the macro environment, Meituan's core local business division achieved 17.6 per cent revenue growth in 2022, according to the financial report. Operating profit rose 56.8 per cent year-on-year to 29.5 billion yuan, and operating profit margin increased to 18.4 per cent from 13.8 per cent in 2021. In the fourth quarter of 2022, segment revenue rose 17.4 per cent year-on-year to 43.5 billion yuan, operating profit increased 41.0 per cent to 7.2 billion yuan, and operating profit margin increased to 16.6 per cent from 13.8 per cent in the same period in 2021.

(CTOnews.com Note: Meituan's core local business mainly includes the original catering takeout and arrival, hotel and tourism branches, as well as Meituan flash purchases, accommodation and transportation ticketing)

In 2022, Meituan's catering takeout business reached a peak of 6000 million daily orders. The annual trading users and annual active merchants of Meituan flash purchases both increased by nearly 30% compared with the same period last year. The peak number of orders per day in December exceeded 11 million.

In 2022, the revenue of Meituan's new business segment increased by 39.3% to 59.2 billion yuan compared with the same period last year, mainly driven by the growth of the commodity retail business. The operating loss narrowed to 28.4 billion yuan, and the operating loss rate improved to 47.9%, mainly due to the improvement of the operating efficiency of the commodity retail business. In the fourth quarter of 2022, revenue from the new business segment increased by 33.4% year-on-year to 16.7 billion yuan. The division's operating loss narrowed by 32.0% year-on-year to 6.4 billion yuan, and the operating loss rate narrowed to 38.2% month-on-month.

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