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Trip.com Group Limited Reports Strong Q3 2025 Financial Performance

Introduction
Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) has released its unaudited financial results for the third quarter of 2025, highlighting robust growth across various segments of its global one-stop travel service platform. As travel demand rebounds, the numbers reflect a healthy revival in the sector, driven largely by international travel.

Key Highlights
During Q3 2025, Trip.com Group experienced an impressive 60% increase in overall bookings through its international online travel agency platform compared to the previous year. Particularly noteworthy were the inbound travel bookings, which demonstrated a 100% surge year-over-year. Additionally, outbound flight and hotel bookings reached around 140% of their levels in the same quarter of 2019.

James Liang, Executive Chairman, attributed this success to the travelers’ enduring passion for exploration: “Travel demand stayed strong this summer... our immersive 'Taste of China' program is redefining inbound travel experiences.” With a focus on enhancing every stage of travel through technology, the company aims to push the boundaries of service for a smarter, sustainable future of travel.

Financial Overview
For Q3 2025, Trip.com reported a net revenue of RMB 18.3 billion (approximately USD 2.6 billion), marking a 16% growth from Q3 2024. Seasonality also played a role, with revenues increasing by 24% compared to the previous quarter.

• - Accommodation reservation revenue: RMB 8.0 billion (USD 1.1 billion), up 18% year-over-year.
• - Transportation ticketing revenue: RMB 6.3 billion (USD 886 million), reflecting a 12% increase year-over-year.
• - Packaged-tour revenue: RMB 1.6 billion (USD 226 million), up 3% from the previous year, and a significant 49% growth from Q2 2025.
• - Corporate travel revenue: RMB 756 million (USD 106 million), up 15% year-over-year and 9% from Q2.

Cost Analysis
While the growth in revenue is commendable, costs also encountered a rise. Total costs increased by 20% year-over-year to RMB 3.4 billion (USD 472 million). In detail:

• - Product development expenses grew 12% to RMB 4.1 billion (USD 574 million).
• - Sales and marketing expenses saw a remarkable rise of 24%, reaching RMB 4.2 billion (USD 587 million) as promotional activities ramped up.

Income Highlights
Trip.com reported a net income of RMB 19.9 billion (USD 2.8 billion) for the quarter, a substantial increase from RMB 6.8 billion recorded in the same quarter last year. Adjusted EBITDA for Q3 stood at RMB 6.3 billion (USD 892 million) vs. RMB 5.7 billion last year, reflecting ongoing operational efficiencies.

Shareholders’ Equity
The net income attributable to shareholders saw an impressive increase to RMB 19.9 billion (USD 2.8 billion), underlining the company's robust performance amidst a recovering travel landscape. Non-GAAP adjustments brought adjusted figures to RMB 19.2 billion (USD 2.7 billion), compared to RMB 6.0 billion a year ago.

In terms of returns, Trip.com’s diluted earnings per share rose to RMB 28.61 (USD 4.02), showcasing the exciting economic turnaround.

Conclusion
Overall, Trip.com Group Limited's Q3 2025 performance underscores a significant recovery in the travel sector, driven by innovative strategy and robust service enhancements. With a clear commitment to leveraging technology for a better travel experience, the company is well-positioned for continued success. The upcoming conference call on November 17, 2025, will further detail strategic insights and operational plans.

For Investors
All participants interested in the upcoming call must register beforehand. For continued insight and updates, stakeholders can reach the Investor Relations team via the official Trip.com Group communication channels.