trending Market Intelligence /marketintelligence/en/news-insights/trending/2S86Q5QbA_vmyOYhDJH9Lw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Meituan Dianping posts 1.86B yuan loss for Q4'18


Meituan Dianping posts 1.86B yuan loss for Q4'18

Chinese group-buying website Meituan Dianping on March 11 reported its second quarterly loss since its Hong Kong IPO in September last year.

Meituan posted adjusted net loss of 1.86 billion yuan for fourth quarter 2018, versus a loss of 1.39 billion yuan from the year-ago period. The S&P Global Market Intelligence consensus normalized net loss estimate for the quarter was 2.24 billion yuan, with two analysts reporting.

Meanwhile, revenue for the three months to Dec. 31, 2018, jumped 89% year over year to 19.80 billion from 10.48 billion yuan. The company saw revenue growth of 66.1% to 11 billion yuan in its food delivery segment; 48% to 4.59 billion yuan in its in-store, hotel and travel segment; and 462.1% to 4.20 billion yuan in its new initiatives segment.

Selling and marketing expenses accounted for 22.9% of the total revenue, compared to 32.1% in the year-ago period. Gross transaction value rose 32.5% year over year to 138 billion yuan from 104.1 billion yuan.

For full-year 2018, Meituan Dianping reported that adjusted net loss rose to 8.52 billion yuan from 2.85 billion yuan in 2017, still better than the S&P Global Market Intelligence consensus net loss estimate of 9.45 billion yuan.

Revenue increased by 92.3% year over year to 65.22 billion yuan and GTV grew 44.3% to 515.6 billion yuan.

The company said it plans to solidify its market leadership in the food delivery sector in 2019 and to improve its platform's monetization capabilities by expanding its categories and deepening merchant penetration.

It also mentioned on the earnings call that it is currently restructuring its Mobike international business, which will lead to the closure of most international markets.

As of March 8, US$1 was equivalent to 6.72 Chinese yuan.