Hong Kong · Delayed Price · Currency is HKD Trip.com Group Earnings Call Transcripts
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 robust domestic and international travel demand, with mobile bookings and new traveler segments fueling expansion. International and inbound bookings surged, and a one-time investment gain boosted EPS.
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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.