美团-W核心本地业务稳健增长,关注出海业务发展

国信证券
Dec 02, 2024

营收增长22%,调整后利润率同比提升7pct。本季度美团实现营业收入936亿元,同比增长22%。按收入类型划分,本季度即时配送服务/交易佣金/营销服务收入分别同比增长+21%/+25%/+18%。本季度美团实现调整后净利润128亿元,同比增长124%;调整后净利润率14%,同比提升7pct。其中,毛利率同比提升约4pct,得益于成本效率提升;研发费率同比下降1.3pct,反映经营杠杆作用下人效比...

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