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Meituan Returns to Profit in Q2 2026; Core Local Commerce Profit Surges
1reports1reporting sources2026-08-28Update
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Meituan's improved profitability in Core Local Commerce signals resilience in local services demand. Its hotel and travel business growth and AI-driven merchant tools offer positive indicators for business travelers and industry partners.
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8月28日
- Meituan Investor RelationsMeituan Returns to Profit in Q2 2026; Core Local Commerce Profit Surges
Meituan reported Q2 2026 results: revenue rose 14.4% YoY to RMB104.6 billion, with net profit of RMB2.2 billion, reversing prior losses. Core Local Commerce operating profit surged 52.3% YoY to RMB5.7 billion, with operating margin at 7.9%. New Initiatives narrowed operating loss to RMB1.7 billion. In-store, hotel, and travel businesses delivered resilient growth, while AI assistant Xiaotuan boosted user engagement.