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Beginning to Abate","news_tag":"express","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["MPNGY","03690"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640934291","title":"Meituan Q1 FY26 turns to net loss of RMB 6.83 billion; revenue rises 5.6% to RMB 91.04 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2640934291","media":"Reuters","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640934291?lang=en_us&edition=fundamental","pubTime":"2026-06-01 16:31","pubTimestamp":1780302712,"startTime":"0","endTime":"0","summary":"Meituan posted Q1 revenue of RMB 91.04 billion, up 5.6% year over year, while turning to a net loss of RMB 6.83 billion.Operating results swung to a loss of RMB 6.47 billion, versus an operating profit a year earlier.Core Local Commerce revenue was RMB 64.06 billion, up 0.1%, with an operating loss of RMB 2.03 billion as competition weighed on profitability.New Initiatives revenue climbed 21.3% to RMB 26.98 billion, while its operating loss narrowed to RMB 2.12 billion.Cash and cash equivalents totaled RMB 117.03 billion, with short-term treasury investments of RMB 63.34 billion.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Meituan published the original content used to generate this news brief via IIS, the regulatory disclosure 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Profitability Likely Remained Under Pressure in 1Q -- Earnings Preview","url":"https://stock-news.laohu8.com/highlight/detail?id=2640823938","media":"Dow Jones","labels":["dataReport","preview"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640823938?lang=en_us&edition=fundamental","pubTime":"2026-06-01 12:22","pubTimestamp":1780287720,"startTime":"0","endTime":"0","summary":"Meituan is scheduled to report results for the first quarter on Monday. Here's what you need to know:. NET PROFIT FORECAST: The Chinese food-delivery company is expected to swing to a net loss of 8.51 billion yuan, equivalent to $1.26 billion, according to the consensus estimate of analysts polled by FactSet. Meituan, which reported a 10.06 billion yuan profit in the year-earlier period, has reported losses for two straight quarters.The company's Hong Kong-listed shares fell about 20% in the first three months of the year, weighed by investors' concerns about its earnings outlook. The stock was down 26% in the year to Friday, compared with the Hang Seng Tech Index's 11% decline.--COMPETITION: Morningstar's Chelsey Tam expects rival Alibaba Group to prioritize investments in artificial intelligence over quick commerce, as it is unlikely to be able to maintain high investments in both segments in the medium term, she said in a research note. 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