Meituan (OTCPK:MPNGY) Faces Financial Strain Amid Competitive Pressures

Font: Financial Modeling Prep  • Nov 28, 2025

• Meituan reported its first loss in nearly three years, with an EPS of -0.64, below the estimated EPS of -0.52.
• The company's revenue was approximately $13.49 billion, falling short of the estimated $13.79 billion.

Meituan (OTCPK:MPNGY), a prominent Chinese shopping-and-delivery platform, recently reported its Q3 2025 earnings. The company, known for its extensive range of services, faces stiff competition from Alibaba's Ele.me and JD.com. Despite its strong market presence, Meituan reported its first loss in nearly three years, highlighting the challenges in maintaining its market share.

On November 28, 2025, Meituan reported an earnings per share (EPS) of -0.64, which was below the estimated EPS of -0.52. The company's revenue was approximately $13.49 billion, falling short of the estimated $13.79 billion. This shortfall reflects the financial strain from aggressive discounting strategies aimed at attracting customers and defending its market position.

During the Q3 2025 earnings call, key figures such as Scarlett Xu, Xing Wang, and Shaohui Chen discussed the company's financial performance and strategic direction. Analysts from major financial institutions, including Goldman Sachs and Morgan Stanley, attended the call, underscoring the significance of Meituan's financial results and future plans.

The price-to-sales ratio of 1.54 and enterprise value to sales ratio of 1.40 reflect the market's valuation of the company's sales performance. Meituan's enterprise value to operating cash flow ratio is 10.73, indicating how the market values its cash-generating ability. With a debt-to-equity ratio of 0.28, Meituan maintains a relatively low level of debt, and a current ratio of 1.93 suggests a strong ability to cover short-term liabilities.