MEITUAN 2023 Financial Report: Instant delivery orders reached 21.9 billion, with MEITUAN Flash Purchase orders growing by over 40%
MEITUAN released its fourth-quarter and full-year performance for 2023, with annual revenue of 276.7 billion RMB, a year-on-year increase of 26%. The food delivery business continued to achieve high-quality development, with the number of instant delivery orders increasing by 24% to 21.9 billion. MEITUAN's flash purchase orders continued to grow, with an annual order growth rate exceeding 40% year-on-year
On March 22, MEITUAN (03690) released its 2023 fourth quarter and full-year performance. The company's various businesses continued to achieve steady growth, with full-year revenue of RMB 276.7 billion, a year-on-year increase of 26%.
During this year, the food delivery business continued to achieve high-quality development, with "30-minute delivery of everything" becoming an increasingly "high certainty" way of life for more and more people. Instant retail showed a prosperous trend in terms of full category, full region, and full scenario.
In 2023, MEITUAN's instant delivery orders grew by 24% to reach 21.9 billion orders. The annual transaction users of food delivery continued to grow, with the scale of medium and high-frequency user groups and their purchase frequency steadily increasing.
MEITUAN's flash purchase also showed broad development space, with order volume continuing to grow healthily, and the year-on-year order growth rate exceeding 40%. In the fourth quarter, the daily average order volume of MEITUAN's flash purchase reached 8.3 million, and young consumers gradually became the main users of MEITUAN's flash purchase, with the transaction frequency of core users increasing by more than 20% year-on-year