Meituan reports Q3 revenue up 22% YoY to ~$10.7B, narrowly beating est., and net income up nearly 3x to ~$507M, boosted by strong Chinese travel demand (Sarah Zheng/Bloomberg)

November 28, 2023

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Sarah Zheng / Bloomberg:

Meituan reports Q3 revenue up 22% YoY to ~$10.7B, narrowly beating est., and net income up nearly 3x to ~$507M, boosted by strong Chinese travel demand — Meituan recorded a third straight quarter of profit, after strong travel demand helped the food delivery giant defy slowing growth …

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