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<Research>HSBC Research Lists 2Q-4Q Food Delivery Rev./ Operating Profit per Order Forecasts for MEITUAN-W (Table)
Recommend 30 Positive 55 Negative 21 |
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Item│ 1Q25│2Q25 Forecast│ 3Q25 Forecast│4Q25 Forecast Revenue from food delivery business│41.325 billion│42.437 billion│49.219 billion│45.847 billion -YoY change│+14%│+5%│+5%│+6% Average daily orders of food delivery business│57.5 million orders│64.6 million orders│73.2 million orders│68.5 million orders -YoY change│+10%│+10%│+10%│+10% Operating profit (OP) of food delivery business│7.733 billion│8.069 billion│7.411 billion│6.673 billion -YoY change│+39%│-20%│-18%│-14% OP/order │1.5│1.4│1.1│1.1 -YoY change│+27%│-27%│-25%│-22% The above currencies are in RMB ------------------------------------------ Item│2025 Forecast│2026 Forecast Revenue from food delivery business│178.827 billion│193.875 billion -YoY change│+7%│+8% Average daily orders of food delivery business│66 million orders│70.6 million orders -YoY change│+10%│+7% OP of food delivery business│29.886 billion│36.405 billion -YoY change│-8%│+22% OP/order│1.2│1.4 -YoY change│-16%│+14% The above currencies are in RMB AAStocks Financial News Website: www.aastocks.com |
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