Meituan Q2 2026 Revenue Hits RMB 104.6 Billion, Up 14.4%
Meituan reported second-quarter 2026 revenue of RMB 104.643 billion, up 14.4% year on year, with adjusted net profit of RMB 2.524 billion, a 69% increase. Operating profit turned positive sequentially amid rational competition and seasonal strength. R&D spending rose 22.5% to RMB 7.7 billion, representing 7.3% of revenue.
On August 28, Meituan released its results for the second quarter and first half of 2026. In the second quarter, the company generated revenue of RMB 104.643 billion, up 14.4% year on year, while adjusted net profit reached RMB 2.524 billion, an increase of 69% from the same period last year. As industry competition turned more rational and the peak-season effect boosted demand, operating profit swung back to positive on a sequential basis.
During the quarter, Meituan continued to strengthen its AI capabilities, integrating artificial intelligence into real business scenarios. Quarterly research and development spending rose 22.5% year on year to RMB 7.7 billion, accounting for 7.3% of total revenue.
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