Meituan Q2 profit tumbles on costs

Meituan reported Q2 2025 revenue of RMB 91.8 billion, up 11.7% YoY, but profit plunged to RMB 365 million from RMB 11.4 billion. Adjusted net profit dropped 89% to RMB 1.5 billion as rising courier incentives and overseas expansion costs squeezed margins.