Meituan has announced that it expects to record a net loss in the range of approximately RMB 23.3 billion to RMB 24.3 billion for the year ended December 31, 2025. This represents a significant turnaround from the profit of approximately RMB 35.8 billion reported for the previous year, 2024. The company attributed the expected loss primarily to a reversal from an operating profit of around RMB 52.4 billion in 2024 to an operating loss of approximately RMB 6.8 billion to RMB 7.0 billion in 2025 for its core business.

Meituan ADRs shares slumped 5% in premarket.

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