Meituan reported strong Q4 2024 results with total revenue increasing 20.1% year-over-year to RMB 88.5 billion. The company saw improvements in cost efficiency, with cost of revenue ratio decreasing 3.9 percentage points to 62.2%. Total segment operating profit grew significantly to RMB 10.7 billion, up from RMB 3.2 billion last year, with segment operating margin increasing from 4.3% to 12.1%. Adjusted net profit also saw a year-over-year increase, reaching RMB 9.8 billion for the quarter. Meituan maintained a strong net cash position of RMB 168.2 billion as of December 31, 2024.Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.