Meituan: Upside Remains Attractive Due To Strong EBITDA Growth Outlook
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Meituan's strong Q3 2024 results, with 22% year-over-year revenue growth and significant margin expansion, support a bullish outlook. The company's focus on profitability over market share, particularly in new initiatives, has driven EBITDA growth. The on-demand delivery segment's improved monetization and solid volume growth outlook are key drivers for future profit margin improvements.
December 03, 2024 | 12:30 pm
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Meituan's Q3 2024 results show strong revenue growth and margin expansion, supporting a bullish outlook. The focus on profitability and improved monetization in the on-demand delivery segment are key drivers for future growth.
Meituan's strong Q3 results, with significant revenue growth and margin expansion, indicate a positive outlook. The company's strategic shift towards profitability and improved monetization in its on-demand delivery segment are expected to drive future growth, making the stock attractive for investors.
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