智通财经网·2025-11-28 08:50Core Insights - The company reported a revenue increase of 2.0% year-on-year for Q3 2025, reaching RMB 955 billion, despite facing intensified competition in the food delivery sector [1] - The core local commerce segment experienced a significant decline, resulting in an operating loss of RMB 141 billion, while the new business segment's losses expanded to RMB 13 billion [1] - Adjusted EBITDA and adjusted net profit for the quarter were negative, at RMB -148 billion and RMB -160 billion respectively [1] - As of September 30, 2025, the company held cash and cash equivalents of RMB 992 billion and short-term investments of RMB 421 billion [1] Local Commerce Segment - The company maintained industry-leading operational efficiency and consumer experience, focusing on service quality and market adaptability [2] - Innovations in supply-side offerings, such as "拼好饭" and "神抢手," enhanced partnerships with quality merchants, expanding high-quality product coverage [2] - Daily active users and monthly transaction users for food delivery reached record highs, with a stable growth in core user base and increased frequency of consumption [2] Instant Retail Segment - "美团闪购" continued to lead rapid growth and service upgrades, with increased new user growth and transaction frequency among core users [3] - The expansion of new supply models like "美团闪电仓" extended reliable lifestyle services across broader regions in China [3] - The launch of "品牌官旗闪电仓" provided comprehensive instant retail infrastructure for brands, enhancing user growth and sales [3] New Business Segment - The new business division showed robust performance with strong growth in grocery retail operations like "小象超市" and "快驴," improving operational efficiency [4] - The company is exploring offline models to enhance supply chain capabilities and expand coverage [4] - Keeta is accelerating global expansion, with steady growth in Hong Kong and Saudi Arabia, and recent entries into Kuwait and UAE markets [4]