Meituan released its first-quarter 2026 financial results on June 1. For the quarter, the company achieved revenue of RMB 91 billion, representing a year-over-year increase of 5.6%. Its operating loss narrowed to RMB 6.5 billion from RMB 16.1 billion in the previous quarter.

During the first quarter, Meituan further solidified its leading position in the mid-to-high-value food delivery order market and continued to expand its advantage in unit economics (UE) compared to similar platforms.

If the competitive environment remains rational, and coupled with the seasonal peak effects in the second quarter, the company anticipates that its food delivery UE in Q2 will be significantly better than in Q1.

Meituan's CEO Wang Xing stated, "We believe that with ongoing regulatory guidance, industry competition will gradually return to rationality. We are confident in maintaining our leading edge in operational efficiency, ensuring long-term, solid competitiveness within the industry. We also believe our long-term UE will return to a reasonable level."