Revenue Breakdown

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017
Core Local Commerce Revenue	260.83B	250.25B
Core Local Commerce Revenue Growth	4.23%	20.95%
New Initiatives Revenue	104.03B	87.34B
New Initiatives Revenue Growth	19.10%	25.07%

Revenue Breakdown 3

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017
Delivery Services Revenue	96.07B	98.07B
Delivery Services Revenue Growth	-2.04%	19.31%
Commission Revenue	105.48B	95.34B
Commission Revenue Growth	10.63%	24.32%
Online Marketing Services Revenue	51.92B	49.24B
Online Marketing Services Revenue Growth	5.44%	21.54%
Other Services and Sales Revenue	111.39B	94.95B
Other Services and Sales Revenue Growth	17.32%	22.74%

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017
Core Local Commerce Operating Profit	-6.90B	52.42B
Core Local Commerce Operating Profit Growth	-	35.44%
New Initiatives Operating Profit	-10.08B	-7.27B
Corporate Operating Profit (Post-2021)	-8.05B	-8.30B

Updated Dec 31, 2025. Data Source: Fiscal.ai.