美团-W2024Q3财报点评:竞争格局改善带动CLC利润释放,关注国际业务未来投放节奏

中信建投
Dec 02, 2024

核心观点2024年第三季度,美团实现总营收935.77亿元,同比增长22.4%,实现Non-GAAP净利润128.29亿元,同比增长124%,收入和利润端均超彭博一致预期。本季度美团到家业务维持韧性增长,盈利能力同比保持改善,收入增速高于单量增速,闪购增速远高于外卖。美团饿了么竞争格局改善有利于到家利润率提升和CLC利润释放。本季度到店酒旅收入继续保持较快增长,利润率同比改善,环比略有回落,建议...

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