Trip.com Group Ltd. Sponsored ADR ( (TCOM) ) has released its Q4 earnings. Here is a breakdown of the information Trip.com Group Ltd. Sponsored ADR presented to its investors.
Trip.com Group Limited, a prominent global travel service provider, offers a comprehensive range of travel-related services, including accommodation reservations, transportation ticketing, and corporate travel management. The company operates under well-known brands such as Ctrip, Qunar, Trip.com, and Skyscanner.
In its latest financial report, Trip.com Group Limited announced robust financial performance for the fourth quarter and full year of 2024. The company experienced significant growth in its international business segments, with outbound hotel and air ticket bookings surpassing pre-COVID levels and inbound travel bookings more than doubling year-over-year.
Key financial metrics for the fourth quarter of 2024 include a net revenue of RMB12.7 billion, marking a 23% year-over-year increase, and a net income of RMB2.2 billion, up from RMB1.3 billion in the same period of 2023. For the full year, the company reported a net revenue of RMB53.3 billion, a 20% increase from 2023, with accommodation and transportation ticketing revenues showing substantial growth.
The company also highlighted its strategic focus on AI investments and promoting inbound travel to enhance customer experiences. Additionally, Trip.com Group announced a share repurchase program and a cash dividend for 2024, reflecting its commitment to delivering shareholder value.
Looking ahead, Trip.com Group remains optimistic about the travel industry’s growth potential, emphasizing its readiness to leverage new initiatives and partnerships to create value for users and contribute to global economic growth.