US Stock Movement | Meituan ADR rises 3.3% at the open, Q2 food delivery UE expected to be significantly better than Q1

Gelonghui June 1st｜Meituan ADR rose by 3.3%. In the first quarter of 2026, Meituan's core local commerce revenue increased by 0.1% year-on-year to 64.1 billion RMB; operating loss narrowed significantly quarter-on-quarter to 2 billion RMB, mainly due to a substantial reduction in the loss of its instant delivery business. Since the first quarter, Meituan has further consolidated its leading position in the mid-to-high value food delivery orders market and continued to expand its UE leadership over similar platforms. If the competitive environment remains rational and is combined with the peak season effect in the second quarter, it is expected that the UE of food delivery in Q2 will be significantly better than Q1.