November 21, 2019 / 9:44 AM / 16 days ago

Chinese food delivery firm Meituan says quarterly revenue jumps

BEIJING/SHANGHAI, Nov 21 (Reuters) - Chinese food delivery giant Meituan Dianping said third-quarter revenue climbed 44.1%, beating analysts’ expectations.

Revenue for China’s third-biggest internet company by market value came in at 27.49 billion yuan ($3.5 billion) for the July-September quarter, up from 19.1 billion yuan in the same period a year earlier.

That compares with a market consensus estimate of 25.92 billion yuan drawn from 11 analysts, according to Refinitiv I/B/E/S data.

It booked a net profit of 1.33 billion yuan, its second consecutive quarter of profit since listing last September.

Reporting by Yingzhi Yang and Brenda Goh; Editing by Edwina Gibbs and Edmund Blair

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