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Chinese food delivery giant Meituan announced on Friday its audited consolidated results for the year ended December 31, 2021.
The company’s revenues increased by 56% to 179.1 billion yuan ($28.2 billion) in 2021 from 114.8 billion yuan in 2020. Despite sporadic COVID-19 outbreaks, all food delivery and in-store, hotel and travel businesses recovered from the effects of the pandemic and achieved strong revenue growth on a year-over-year basis. However, both adjusted EBITDA and adjusted net profit experienced year-over-year decreases falling to negative 9.7 billion yuan for EBITDA and an adjusted net loss of 15.6 billion yuan in 2021.
Meituan
Food Delivery
Meituan
For the twelve months ended December 31, 2021, around 5.27 million food delivery couriers worked on behalf of Meituan
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In-store, Hotel & Travel
Revenues from in-store, hotel & travel businesses increased by 53.1% year over year to 32.5 billion yuan in 2021. Operating profits from the in-store, hotel & travel businesses increased to 14.1 billion yuan in 2021, up from 8.2 billion yuan in 2020, while operating margins increased to 43.3% from 38.5%.
New Initiatives and Others
Meituan
The tri-level logistics network system established by Meituan
Meituan
Meituan