Earnings GrowthAnalyst remains positive about Tongcheng Travel's ability to deliver solid core business earnings growth, expecting significant year-over-year growth in core OTA operating profit and total non-GAAP net profit.
Profit MarginsThe operating profit margin of the core OTA business improved to 26.7%, thanks to solid revenue growth and efficient marketing spending.
Revenue GrowthTongcheng Travel's core OTA business revenue growth was largely in line with expectations, driven by better-than-expected revenue growth in accommodation reservation services.