Meituan Dianping Ord Cl B (MPNGF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Meituan first quarter 2025 earnings conference call. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you would like to ask a question, you'll need to press the star key followed by number one on your telephone keypad. I would now like to hand the conference over to Scarlett Hsu, VP and Head of Capital Market. Please go ahead. Thank you, operator. Good evening and good morning, everyone. Welcome to our first quarter of 2025 earnings conference call. Joining us today are Mr. Hsing Wang, Chairman and the CEO, and Mr. Shao-Hui Chen, Senior Vice President and the CFO of Netlamp. For today's call, management will first provide a review of our first quarter of 2025 results and then conduct a Q&A session. Before we start, we would like to remind you that Our presentation contains forward-looking statements which include a number of risks and uncertainties and may differ from actual results in the future. This presentation also contains an audited non-IFI accounting standards financial measures that should be considered in addition to and not as a substitute for measures of the company's financial performance prepared in accordance with IFI's accounting standards. For a detailed discussion of risk factors, and not as accounting standard measures, please refer to the disclosure document in the IR section of our website. Now, I will turn the call over to Mr. Xin Wang. Please go ahead, Xin. Thank you, Scarlett. Hello, everyone. In the first quarter, our business maintained steady growth, with revenue increasing by 18.1% year-over-year. to RMB 86.6 billion. Those annual transacting users and annual active merchants reached new highs. We are delighted that an increas...