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<Results>MEITUAN-W 4Q24 Adj. Profit Up 125% YoY to RMB9.85B Slightly Beats
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Profit for the fourth quarter ended December 2024 amounted to RMB6.222 billion, up 180% YoY and down 51.6% QoQ, according to MEITUAN-W (03690.HK)'s announcement.

Non-IFRS 4Q24 adjusted net profit amounted to RMB9.849 billion, up 125.1% YoY, slightly beating the 6 brokers' forecasts ranging from RMB8.725 billion to RMB9.801 billion. Adjusted EBITDA reached RMB11.523 billion, up 207.7% YoY.

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