美团-2025 年第三季度到店及CLC营收与营业利润未达预期。

November 28, 2025 09:14 AM GMT Meituan | Asia Pacific M Update 3Q25 Miss on CLC Rev and OP Reaction to earnings Weakens our thesis Modest shortfall Modest revision lower Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways | Exhibit 1: | 3Q25 results review | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | MS Estiamtes vs Co | | | | | | | | 3QFY-2025E | | | Financials (Rmb ...