Meituan conference call: Expected Q2 food delivery user experience will be significantly better than Q1.

On June 1, Meituan released its performance for the first quarter of 2026. In this quarter, Meituan achieved a revenue of 91 billion yuan, a year-on-year increase of 5.6%, and operating losses decreased from 16.1 billion yuan in the previous quarter to 6.5 billion yuan. Since the first quarter, Meituan has further solidified its leading position in the high-value takeaway order market, continuing to expand its leading edge over similar platforms in user experience. If the competitive environment remains rational, coupled with the peak season effect in the second quarter, it is expected that the UE for takeaway in Q2 will be significantly better than in Q1. Meituan CEO Wang Xing said: "We believe that with the continued guidance of regulations, industry competition will gradually return to rationality. We have confidence in maintaining our leading edge in operational efficiency, ensuring long-term and steady competitiveness in the industry. We also believe that our long-term UE will return to a reasonable level."