Meituan Likely Narrowed Food-Delivery Losses in 4Q -- Market Talk

Dow Jones

02/24

0922 GMT - Meituan's food-delivery losses likely narrowed slightly in 4Q, CGS International's Lei Yang and Charlotte Zhou say in a note. They note management guidance for an annual net loss amid the subsidy war among Chinese food-delivery platforms. The analysts estimate that the company narrowed its 4Q instant delivery-related losses by nearly 25% on quarter and grew its quarterly revenue by 4.7% on year. CGS says the subsidy price war appears to have eased since November but expects it to persist this year. Government efforts to curb price wars will likely help moderate the competition, it adds. CGS downgrades Meituan to a hold rating from add and cuts its target price to HK$93.00 from HK$108.00, citing earnings uncertainty amid continued market competition. Shares last closed at HK$81.40. (jason.chau@wsj.com)

(END) Dow Jones Newswires

February 24, 2026 04:22 ET (09:22 GMT)

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They note management guidance for an annual net loss amid the subsidy war among Chinese food-delivery platforms. The analysts estimate that the company narrowed its 4Q instant delivery-related losses by nearly 25% on quarter and grew its quarterly revenue by 4.7% on year. CGS says the subsidy price war appears to have eased since November but expects it to persist this year. Government efforts to curb price wars will likely help moderate the competition, it adds. CGS downgrades Meituan to a hold rating from add and cuts its target price to HK$93.00 from HK$108.00, citing earnings uncertainty amid continued market competition. Shares last closed at HK$81.40. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 24, 2026 04:22 ET (09:22 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meituan Likely Narrowed Food-Delivery Losses in 4Q -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeituan Likely Narrowed Food-Delivery Losses in 4Q -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-02-24 17:22</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0922 GMT - Meituan's food-delivery losses likely narrowed slightly in 4Q, CGS International's Lei Yang and Charlotte Zhou say in a note. They note management guidance for an annual net loss amid the subsidy war among Chinese food-delivery platforms. The analysts estimate that the company narrowed its 4Q instant delivery-related losses by nearly 25% on quarter and grew its quarterly revenue by 4.7% on year. CGS says the subsidy price war appears to have eased since November but expects it to persist this year. Government efforts to curb price wars will likely help moderate the competition, it adds. CGS downgrades Meituan to a hold rating from add and cuts its target price to HK$93.00 from HK$108.00, citing earnings uncertainty amid continued market competition. Shares last closed at HK$81.40. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 24, 2026 04:22 ET (09:22 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1224709979.USD","symbol_name":"FIDELITY CHINA FOCUS \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2613799499","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2613799499","pubTimestamp":1771924920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0922 GMT - Meituan's food-delivery losses likely narrowed slightly in 4Q, CGS International's Lei Yang and Charlotte Zhou say in a note. They note management guidance for an annual net loss amid the subsidy war among Chinese food-delivery platforms. The analysts estimate that the company narrowed its 4Q instant delivery-related losses by nearly 25% on quarter and grew its quarterly revenue by 4.7% on year. CGS says the subsidy price war appears to have eased since November but expects it to persist this year. Government efforts to curb price wars will likely help moderate the competition, it adds. CGS downgrades Meituan to a hold rating from add and cuts its target price to HK$93.00 from HK$108.00, citing earnings uncertainty amid continued market competition. Shares last closed at HK$81.40. 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They note management guidance for an annual net loss amid the subsidy war among Chinese food-delivery platforms. The analysts estimate that the company narrowed its 4Q instant delivery-related losses by nearly 25% on quarter and grew its quarterly revenue by 4.7% on year. CGS says the subsidy price war appears to have eased since November but expects it to persist this year. Government efforts to curb price wars will likely help moderate the competition, it adds. CGS downgrades Meituan to a hold rating from add and cuts its target price to HK$93.00 from HK$108.00, citing earnings uncertainty amid continued market competition. Shares last closed at HK$81.40. (jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 24, 2026 04:22 ET (09:22 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}