Trip.com Group Limited Q3 FY2024 #EarningsReport Summary | $TCOM (-1,18%)

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.