Trip.com Group Limited Q3 FY2024 #EarningsReport Summary | $TCOM (-0,91 %)
In Q3 FY2024, http://Trip.com Group Limited saw robust growth in domestic and international travel, bolstered by increased consumer confidence and heightened travel sentiment. Net revenue surged by 16% YoY, supported by strong demand and favorable seasonality.
📊 Income Statement Highlights (vs Q3 FY2023):
▫️ Net Income: $970M vs $656M (+47.92%)
▫️ Total Revenue: $2.26B vs $1.96B (+16.00%)
▫️ Adjusted EPS: $1.25 vs $1.03 (+21.36%)
▫️ Gross Margin: 82.36% vs 81.99%
▫️ Operating Income: $712M vs $556M (+28.06%)
▫️ Adjusted EBITDA: $808M vs $659M (+22.60%)
Revenue breakdown:
▫️ Accommodation Reservations: $969M (+22.00%)
▫️ Transportation Ticketing: $805M (+5.00%)
▫️ Packaged Tours: $222M (+17.00%)
▫️ Corporate Travel: $93M (+11.00%)
▫️ Others: $176M (+40.18%)
💼 Balance Sheet Highlights (as of September 30, 2024):
▫️ Total Assets: $34.81B vs $31.22B (+11.52%)
▫️ Total Liabilities: $14.85B vs $13.69B (+8.48%)
▫️ Equity: $19.86B vs $17.53B (+13.31%)
▫️ Cash & Equivalents: $12.40B (+10.86%)
🔮 Future Outlook:
http://Trip.com Group anticipates continued growth driven by AI-enabled innovations and strong international travel recovery. Management highlights opportunities in global travel expansion, although macroeconomic conditions and competition pose risks.