The earnings call reflected a robust performance with significant growth in revenue, international expansion, and technological advancements through AI. Despite some challenges in achieving full recovery in flight capacity and hotel pricing, the overall market conditions and strategic initiatives position the company for continued success.

Company Guidance

During the third quarter 2024 earnings call for Trip.com Group (9961.HK), executive Jane Sun highlighted key financial metrics and market trends. The company reported a 16% year-over-year increase in net revenue, totaling CNY 15.9 billion, driven by robust travel demand during the summer and National Day holiday. Accommodation reservation revenue grew by 22% year-over-year, reaching CNY 6.8 billion, while transportation ticketing revenue increased to CNY 5.7 billion. The company experienced a 17% year-over-year rise in packaged tour revenue, amounting to CNY 1.6 billion. Strong outbound travel demand was evident, with outbound hotel and air ticket bookings surpassing 2019 levels by 120%, and international flight market recovery reaching 80% of pre-pandemic capacity. The APAC region contributed significantly to the growth, with hotel and air reservations rising over 70% year-over-year. Adjusted EBITDA was reported at CNY 5.7 billion, marking an increase from both the previous year and quarter. As the company continues to leverage AI for enhancing travel experiences and operational efficiencies, it also anticipates a sustained growth trajectory, supported by strategic investments and innovations across its global platform.

Strong Revenue Growth

Net revenue in Q3 grew by 16% year-over-year and 24% from the previous quarter, reaching CNY 15.9 billion.

Outstanding Performance in Outbound Travel

Outbound hotel and air ticket bookings recovered to 120% compared with 2019 levels, outperforming the industry by 40%.

International Expansion Success

Air ticket and hotel bookings on international OTA platform rose by over 60% year-over-year, with APAC bookings increasing by more than 70%.

AI and Technology Integration

Significant investment in AI to enhance user experience, improving user engagement and conversion rates, and operational efficiencies.

Significant Growth in Senior Travel Segment

Travel bookings from users aged 50 and above rose by 26% compared to the same period last year, with the 61 to 65 age cohort experiencing a 58% increase.

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Trip.com Group Ltd. Sponsored ADR (GB:0I50) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0I50 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 05, 2018	2018 (Q2)	- / 0.26	0.203	27.52% (+0.06)	―	―
Nov 07, 2018	2018 (Q3)	- / 0.39	0.369	6.67% (+0.02)	―	―
Mar 04, 2019	2018 (Q4)	- / 0.12	0.213	-42.31% (-0.09)	―	―
May 22, 2019	2019 (Q1)	- / 0.40	0.475	-15.80% (-0.08)	―	―
Sep 09, 2019	2019 (Q2)	- / 0.31	0.259	18.42% (+0.05)	―	―
Nov 13, 2019	2019 (Q3)	- / 0.51	0.393	28.47% (+0.11)	―	―
Mar 18, 2020	2019 (Q4)	- / 0.26	0.123	115.56% (+0.14)	―	―
May 28, 2020	2020 (Q1)	- / -0.51	0.4	-227.30% (-0.91)	―	―
Sep 24, 2020	2020 (Q2)	- / -0.26	0.307	-185.78% (-0.57)	―	―
Dec 01, 2020	2020 (Q3)	- / 0.32	0.505	-37.30% (-0.19)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0I50 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 18, 2024	$61.44	$65.01	+5.82%
May 20, 2024	$55.96	$56.38	+0.74%
Feb 22, 2024	$42.37	$45.46	+7.29%
Nov 20, 2023	$35.98	$35.35	-1.74%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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