Bei Jing Ri Bao Ke Hu Duan·2025-11-28 12:38Core Insights - Meituan reported Q3 2025 revenue of 95.5 billion yuan, a year-on-year increase of 2% [1] - The core local business operating profit turned negative, with a loss of 14.1 billion yuan, contributing to an overall net loss of 16 billion yuan for the quarter [1] - The number of monthly transaction users for food delivery reached a historical high, with the platform's total transaction users exceeding 800 million in the past 12 months [1] Group 1: Financial Performance - Q3 revenue from the core local business was 67.4 billion yuan, with an operating loss of 14.1 billion yuan [1] - Overall net loss for the quarter was 16 billion yuan [1] - New business segments showed strong performance, with revenue of 28 billion yuan, a year-on-year increase of 15.9%, and a reduced loss of 1.3 billion yuan [1] Group 2: User Engagement and Competition - The competitive landscape in the food delivery industry remains intense, leading to increased direct subsidies for the restaurant sector [1] - Daily active users on the Meituan app grew by over 20% year-on-year [1] - Instant retail peak order volume exceeded 150 million orders in July [1] Group 3: International Expansion and Innovation - Meituan's international food delivery brand Keeta launched operations in Qatar, Kuwait, UAE, and Brazil [2] - R&D investment reached 6.9 billion yuan, a year-on-year increase of 31% [2] - The company has initiated nighttime drone delivery services in Shenzhen, with over 670,000 commercial orders completed by the end of September [2]