Meituan (MPNGF) Q2 2024 Earnings Call Transcript
Meituan (OTCPK:MPNGF) Q2 2024 Earnings Conference Call August 28, 2024 7:00 AM ET Company Participants Scarlett Xu - VP and Head-Capital Markets Xing Wang - Chairman and CEO Shaohui Chen - SVP and CFO Conference Call Participants Ronald Keung - Goldman Sachs Thomas Chong - Jefferies Alicia Yap - Citigroup Kenneth Fong - UBS Ya Jiang - CITIC Securities Charlene Liu - HSBC Operator Thank you for standing by and welcome to the Meituan Second Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to Miss Scarlett Xu, VP and Head of Capital Markets.
Chinese food delivery giant Meituan beats revenue estimates
Chinese food delivery giant Meituan posted a bigger than expected 21% rise in second-quarter revenue on Wednesday, defying a slowing Chinese economy.
Meituan: Q1 Earnings Beat Overshadowed By Cautious Order Volume Guidance
Meituan's revenue and normalized net income rose by +25% YoY and +36% YoY, respectively in Q1 2024, which exceeded expectations. But the company's cautious order volume guidance indicates that its top line growth could potentially slow in the quarters ahead. My evaluation of Meituan's performance, prospects, and valuation metrics suggests that a Hold rating for the stock is fair.
Meituan (MPNGF) Q1 2024 Earnings Call Transcript
Meituan (OTCPK:MPNGF) Q1 2024 Earnings Conference Call June 6, 2024 7:00 AM ET Company Participants Sijia Xu - VP and Head-Capital Markets Xing Wang - Chairman and CEO Shaohui Chen - SVP and CFO Conference Call Participants Ronald Keung - Goldman Sachs Thomas Chong - Jefferies Kenneth Fong - UBS Alex Yao - JPMorgan Ya Jiang - CITIC Securities Alicia Yap - Citigroup Operator Thank you for standing by and welcome to the Meituan First Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to Scarlett Xu, VP and Head of Capital Markets.
Meituan: Cutting Its Way To Profit Growth
Meituan has suffered years of profitless growth in its new business portfolio. But management is finally righting the ship. With plenty of upside levers in the core business as well, Meituan stock is worth a revisit.
