Tongcheng Travel Holdings Limited (HK:0780)
:0780
Earnings Data
Report Date
May 21, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.44Last Year’s EPS
0.39Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized broad-based growth across revenue, profits and margins with notable operational wins — accommodation mix upgrade, strong core OTA growth, sizable EBITDA and adjusted net profit improvements, accelerated hotel-management scale via the Wanda acquisition, strong AI adoption and healthy cash/dividend increases. Headwinds include a decline in the tourism segment (and a one-off goodwill impairment), higher marketing intensity compressing near-term margins, slower transportation growth, and external uncertainties (outbound disruptions, regulatory/geopolitical risks). On balance, the positives — consistent double-digit revenue and profit growth, margin expansion, strategic M&A and technology-led efficiency gains — outweigh the lowlights.Company Guidance
Strong Quarterly Top-Line and Profit Growth
Q4 2025 net revenue of RMB 4.8 billion, up 14.2% YoY; Q4 adjusted net profit of RMB 779.8 million, up 18.1% YoY; Q4 adjusted EBITDA RMB 1.3 billion, up 28.6% YoY; Q4 gross profit RMB 3.2 billion, up 18.5% YoY; adjusted basic EPS for Q4 RMB 0.33, up 17.9% YoY.
Robust Full-Year Financial Performance
FY2025 net revenue RMB 19.4 billion, up 11.9% YoY; core OTA revenue RMB 16.5 billion, up 16.0% YoY; FY2025 adjusted net profit RMB 3.4 billion, up 22.2% YoY; adjusted EBITDA RMB 5.1 billion, up 26.9% YoY; gross profit RMB 12.9 billion, up 15.7% YoY; adjusted basic EPS RMB 1.45, up 20.8% YoY.
Accommodation Business Momentum and Mix Upgrade
Accommodation reservation revenue FY2025 RMB 5.5 billion, up 16.8% YoY; Q4 accommodation revenue RMB 1.3 billion, up 15.4% YoY; record high room nights sold in 2025 and ~5 percentage point YoY increase in proportion of high-quality hotels sold; ADR modestly increased YoY.
International and Outbound Growth
International room nights sold nearly +30% in 2025; international air ticketing revenue exceeded 7% of total transportation ticketing revenue in Q4; management expects outbound contribution to rise to ~10–15% over the next 2–3 years.
Traffic, User Base and Monetization Improvements
Annual paying users reached 253 million, up 6% YoY; accumulated passengers served 2,034 million with annual purchase frequency >8x per user; annual ARPU RMB 76.8, up 5.5% YoY; MPU increased to 46 million, up 6% YoY.
Product & AI Adoption Driving Efficiency
AI now handles ~80% of customer inquiries; DeepTrip (AI travel planner) used by ~6.8–7 million users since launch and embedded into air-ticketing and customer service; AI investments credited with improving operational efficiency and staff productivity.
Hotel Management Scale-Up via Wanda Acquisition
Completed acquisition of Wanda Hotels and Resorts in 2025, adding upper-upscale and luxury brands and resort capabilities; eLong hotel technology platform operates >3,000 hotels with >1,800 in pipeline; other business revenue (including hotel management) Q4 RMB 916.7 million, +53% YoY; FY other business revenue RMB 3.1 billion, +34.4% YoY.
Healthy Cash Position and Increased Shareholder Return
Cash, restricted cash and short-term investments balance RMB 12.3 billion as of Dec 31, 2025; proposed final cash dividend HKD 0.25 per share, up 38.9% YoY, signaling commitment to capital returns.
User Engagement and Channel Expansion
Stand-alone app average DAUs increased >30% YoY in 2025; successful expansion of Weixin Mini Program traffic and social/media marketing targeting younger users to broaden reach.
Tongcheng Travel Holdings Limited (HK:0780) Earnings, Revenues Date & History
HK:0780 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HK:0780 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 24, 2026 | HK$18.60 | HK$18.75 | +0.81% |
Nov 25, 2025 | HK$21.40 | HK$21.62 | +1.03% |
Aug 18, 2025 | HK$19.70 | HK$19.66 | -0.20% |
May 23, 2025 | HK$20.07 | HK$20.32 | +1.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Tongcheng Travel Holdings Limited (HK:0780) report earnings?
Tongcheng Travel Holdings Limited (HK:0780) is schdueled to report earning on May 21, 2026, TBA (Confirmed).
What is Tongcheng Travel Holdings Limited (HK:0780) earnings time?
Tongcheng Travel Holdings Limited (HK:0780) earnings time is at May 21, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What is the P/E ratio of Tongcheng Travel Holdings Limited stock?
The P/E ratio of Tongcheng Travel Holdings Limited is N/A.
What is HK:0780 EPS forecast?
HK:0780 EPS forecast for the fiscal quarter 2026 (Q1) is 0.44.