Meituan reported strong Q1 2025 results with total revenue increasing 18.1% year-over-year to RMB 86.6 billion. The company saw improvements in profitability, with total segment operating profit growing to RMB 11.2 billion and adjusted net profit increasing to RMB 10.9 billion. Key highlights include:

1. Core local commerce segment revenue grew 17.8% YoY to RMB 64.3 billion, with improved operating profit and margin.
2. New initiatives segment revenue increased 19.2% YoY to RMB 22.2 billion, driven by grocery retail and overseas business growth.
3. Food delivery and in-store businesses showed strong growth, particularly in lower-tier markets.
4. The company launched new initiatives like the Meituan membership program and expanded its on-demand retail offerings.Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.