Trip.com Group Q2 2024 Earnings Report

Shares in Trip.com Group (NASDAQ: TCOM) jumped in premarket trading Tuesday after the travel service provider reported better-than-expected results for the second quarter of fiscal 2024.

Key Financial Highlights

• Earnings per Share (EPS): RMB7.25, beating the analyst estimate of RMB5.23
• Revenue: RMB12.79 billion, slightly above the consensus estimate of RMB12.76 billion

TCOM’s US-listed shares popped more than 9% in premarket trade.

Revenue Breakdown

• Accommodation Reservation Revenue: RMB5.14 billion (20% year-over-year increase, above estimated RMB4.95 billion)
• Transportation Ticketing Revenue: RMB4.87 billion (1.2% year-over-year increase, slightly below estimate of RMB4.97 billion)
• Packaged-Tour Revenue: RMB1.03 billion (42% year-over-year increase, in line with the consensus projection of RMB1.02 billion)

Executive Comments

“The second quarter of 2024 witnessed continued growth driven by strong travel demand, especially for cross-border travel,” said James Liang, Executive Chairman.

“Our strong performance highlights our adaptability in a dynamic market. Looking ahead, we are dedicated to leveraging the potential of AI to revolutionize the travel industry and provide exceptional value to our customers.”