Hong Kong · Delayed Price · Currency is HKD Trip.com Group Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw robust revenue growth of 17% YoY, driven by strong inbound and international travel demand, digital innovation, and ecosystem expansion. Guidance for Q2 anticipates moderated growth due to macro and regulatory factors, with continued investment in AI and compliance.
Fiscal Year 2025
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Net revenue grew 17% year-over-year to RMB 62.4 billion in 2025, driven by robust domestic and international travel demand. Inbound travel nearly doubled, and international bookings rose 60%. Ongoing investments in AI, social responsibility, and shareholder returns support future growth.
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Q3 2025 saw 16% year-over-year revenue growth, driven by strong domestic and international travel demand, robust outbound and inbound bookings, and expanding mobile and AI-powered services. Adjusted EBITDA rose to RMB 6.3 billion, with a positive outlook for continued growth.
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Q2 2025 saw 16% revenue growth and 10% higher adjusted EBITDA, driven by robust demand in inbound, outbound, and international travel. Inbound bookings more than doubled, and mobile accounted for 70% of orders. A new $5B buyback program was launched.
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Q1 2025 saw net revenue rise 16% year-over-year, with robust growth in inbound, outbound, and domestic travel segments. AI-driven tools enhanced user engagement, and strong cash flow supported share buybacks and dividends. Travel demand remains resilient across all markets.
Fiscal Year 2024
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Q4 2024 net revenue rose 23% year-over-year, with full-year revenue up 20%, driven by robust domestic and international travel demand. International business and inbound travel surged, while a $400M share repurchase and $200M dividend were announced for 2025.
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Q3 2024 saw 16% year-over-year revenue growth, driven by robust domestic and international travel demand, with outbound bookings exceeding pre-pandemic levels. Strong cash flow enabled share repurchases, and further capital returns are planned for 2025.
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Q2 2024 saw 14% revenue growth, strong outbound and inbound travel recovery, and robust international OTA expansion. AI-driven innovation and mobile-first strategies are fueling growth, with margins improving and a positive outlook for the rest of 2024.