美团：2025年营收3648.5亿元，同比增长8.1%

Group 1 - The core viewpoint of the article highlights Meituan's financial performance in the fourth quarter and the entire fiscal year, indicating a significant net loss compared to the previous year [1] - In Q4, Meituan reported revenue of 921.0 billion yuan, a year-on-year increase of 4.1%, slightly above the forecast of 920.8 billion yuan [1] - The adjusted net loss for Q4 was 150.8 billion yuan, contrasting with a profit of 98 billion yuan in the same period last year [1] - For the full year, Meituan's revenue reached 3,648.5 billion yuan, representing an 8% year-on-year growth, but the net loss was 233.6 billion yuan, which was better than the forecasted loss of 241.1 billion yuan [1] - The adjusted net loss for the entire year was 186.5 billion yuan, slightly worse than the expected loss of 168.6 billion yuan [1] - Following the announcement, Meituan's stock price fell by 3.67% to 86.7 Hong Kong dollars, with a total market capitalization of 535.3 billion Hong Kong dollars [1]