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<Results>MEITUAN-W 3Q Non-IFRS Adj. NP Up 124% YoY to RMB12.829B, In Line
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MEITUAN-W (03690.HK) announced its third quarter results as of end-September this year. It recorded a net profit of RMB12.865 billion, up 258% YoY, beating the forecast by 5 brokers ranging from RMB10.358 billion to RMB11 billion as compiled by this website. Non-IFRS adjusted net profit was RMB12.829 billion, up 124% YoY, in line with the forecast range of RMB11.01 billion to RMB13.768 billion by 9 brokers as compiled in this website, and slightly higher than the median forecast of RMB12.684 billion. Adjusted EBITDA was RMB14.529 billion, up 134.8% YoY. MEITUAN-W said the number of on-demand delivery transactions grew 14.5% YoY to nearly 7.08 billion in the quarter; in-store, hotel and travel had order volume increased by over 50% YoY. For Meituan Instashopping, both its user base and purchase frequency posted double-digit YoY growth. MEITUAN-W said looking ahead it will work with more start-ups and large retailers through Meituan InstaMart. AAStocks Financial News |
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