Meituan (OTCPK:MPNGF) Q3 2024 Outcomes Convention Name November 29, 2024 6:00 AM ET
Firm Members
Scarlett Xu – VP and Head-Capital Markets
Xing Wang – Chairman and CEO
Shaohui Chen – SVP and CFO
Convention Name Members
Ya Jiang – CITIC Securities
Ronald Keung – Goldman Sachs
Gary Yu – Morgan Stanley
Thomas Chong – Jefferies
Kenneth Fong – UBS
Operator
Thanks for standing by, and welcome to the Meituan Third Quarter 2024 Earnings Convention Name. [Operator Instructions]. I’d now like at hand the convention over to Scarlett Xu, VP and Head of Capital Markets. Please go forward.
Scarlett Xu
Thanks, operator. Good night, and good morning, everybody. Welcome to our third quarter of 2024 earnings convention name. Becoming a member of us in the present day are Mr. Xing Wang, Chairman and CEO; and Shaohui Chen, Senior Vice President and CFO of Meituan. For in the present day’s name, administration will first present a evaluation of our third quarter of 2024 outcomes after which conduct a Q&A session.
Earlier than we begin, we want to remind you that our presentation accommodates forward-looking statements which embody quite a lot of dangers and uncertainties and will differ from the precise outcomes sooner or later. This presentation additionally accommodates, unaudited non-IFRS accounting customary monetary measures that needs to be thought of along with and usually are not as an alternative to measures of the corporate’s monetary efficiency ready in accordance with IFRS accounting requirements. For an in depth dialogue of threat elements non-IFRS accounting requirements measures, please check with the disclosure paperwork within the IR part of our web site.
Now I’ll flip the decision over to Mr. Xing Wang. Please go forward Xing.
Xing Wang
Thanks, Scarlett. Whats up, everybody. Within the third quarter, we continued to realize stable enhancements. Complete income elevated by 22.4% year-over-year. reaching RMB93.6 billion. Adjusted web revenue elevated by 124% to RMB12.2 billion. Annual Energetic Retailers and
