摘要中信证券 财富管理与中信里昂研究观点一致。根据中信里昂研究在2026年3月9日发布的题为《Intensecompetition persists》的报告,美团持续面临激烈的外卖补贴战。分析预计公司2025年四季度总收入将同比微增,经调整后经营亏损(LBIT)将保持在较高水平。外卖收入可能因平均订单金额(AOV)和抽佣率下降而同比下滑。到店业务收入增长也可能放缓至同比较低水平,受到餐厅降低AOV...
Source Link摘要中信证券 财富管理与中信里昂研究观点一致。根据中信里昂研究在2026年3月9日发布的题为《Intensecompetition persists》的报告,美团持续面临激烈的外卖补贴战。分析预计公司2025年四季度总收入将同比微增,经调整后经营亏损(LBIT)将保持在较高水平。外卖收入可能因平均订单金额(AOV)和抽佣率下降而同比下滑。到店业务收入增长也可能放缓至同比较低水平,受到餐厅降低AOV...
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