Bei Jing Shang Bao·2025-11-28 09:20Core Insights - Meituan reported Q3 2025 revenue of 95.5 billion yuan, a year-on-year increase of 2% [2] - Due to intensified competition in the industry, the core local commerce operating profit turned negative, resulting in a loss of 14.1 billion yuan [2] - The new business segment achieved revenue of 28 billion yuan, with a year-on-year growth of 15.9%, and the loss narrowed to 1.3 billion yuan quarter-on-quarter [2] Revenue Breakdown - The core local commerce segment generated revenue of 67.4 billion yuan in Q3 [2] - The adjusted net loss for the quarter was 16 billion yuan [2] Operational Highlights - In July, Meituan's instant retail daily order peak exceeded 150 million orders, with an average delivery time of 34 minutes [2] - The launch of "Brand Flag Flash Warehouse" in October is expected to expand to tens of thousands of brands across various categories [2] - On the first day of "Double 11," sales from hundreds of "Brand Flag Flash Warehouses" surged by 300% [2] User Engagement - The daily active users (DAU) of Meituan's app grew by over 20% year-on-year, accumulating over 25 billion authentic user reviews [2] - In the past 12 months, 3.5 billion new reviews were added [2] International Expansion - Meituan's Keeta has launched operations in Qatar, Kuwait, and the UAE, and officially started in Brazil at the end of October [2]