FILE PHOTO: A company logo of China’s Meituan Dianping, an online food delivery-to-ticketing services platform, is displayed at a news conference on its IPO in Hong Kong, China September 6, 2018. REUTERS/Bobby Yip
November 21, 2019
BEIJING/SHANGHAI (Reuters) – Chinese food delivery giant Meituan Dianping said third-quarter revenue climbed 44.1%, beating analysts’ expectations.
Revenue for China’s third-biggest internet company by market value came in at 27.49 billion yuan ($3.5 billion) for the July-September quarter, up from 19.1 billion yuan in the same period a year earlier.
That compares with a market consensus estimate of 25.92 billion yuan drawn from 11 analysts, according to Refinitiv I/B/E/S data.
It booked a net profit of 1.33 billion yuan, its second consecutive quarter of profit since listing last September.
(Reporting by Yingzhi Yang and Brenda Goh; Editing by Edwina Gibbs and Edmund Blair)
