The earnings call reflects a positive sentiment overall, with strong growth in inbound travel, revenue, and AI integration. Despite some challenges like a decline in corporate travel revenue and muted hotel ADR performance, Trip.com has shown resilience and strategic growth, especially in international markets and AI-driven customer service.

Company Guidance -

Q1 2025

During the Trip.com Group's first quarter 2025 earnings call, the management provided optimistic guidance for the second quarter, emphasizing the company's strategic advantages and growth momentum. Key metrics highlighted include a 16% year-over-year increase in net revenue and a 7% year-over-year growth in adjusted EBITDA for Q1. Inbound travel bookings surged by approximately 100% year-over-year, with strong contributions from visa-free regions like South Korea, Thailand, Malaysia, and Indonesia. The mobile platform accounted for 70% of international bookings, underlining the shift to app-based travel planning. Trip.com also reported a robust 60% year-over-year increase in overall travel bookings on its international platform. The company emphasized its strategic focus on AI, with AI tools like TripGenie enhancing user engagement and handling over 80% of inquiries. For the full year, the company remains confident in capturing long-term growth opportunities, despite the dynamic economic environment and geopolitical tensions.

Inbound Travel Surge

Inbound travel bookings surged by approximately 100% year-over-year, with South Korea, Thailand, Malaysia, and Indonesia emerging as some of the fastest-growing source markets.

Strong Revenue Growth

Net revenue increased by 16% year-over-year, reflecting solid momentum across Trip.com's business.

AI Integration Success

The AI agent, TripGenie, saw a 50% increase in average user session duration, and AI tools handled over 80% of inquiries, improving response times and customer satisfaction.

International OTA Platform Growth

Overall travel bookings on the international OTA platform grew by over 60% year-over-year, with APAC as a major growth engine.

Domestic Travel Demand

Domestic hotel bookings in China continued to see double-digit growth year-over-year, demonstrating robust local travel demand.

Financial Stability

As of March 31, 2025, the balance of cash and cash equivalents was RMB92.9 billion or $12.8 billion.

Share Repurchase Program

The company repurchased approximately $84 million of its shares, showing a commitment to delivering value to shareholders.

Trip.com Group Ltd. (HK:9961) Earnings, Revenues Date & History

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HK:9961 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 18, 2025	2025 (Q2)	6.57 / -	7.935	―	―	―
May 19, 2025	2025 (Q1)	5.78 / 6.46	6.47	-0.14% (>-0.01)	―	―
Feb 24, 2025	2024 (Q4)	4.12 / 4.66	4.354	6.94% (+0.30)	―	―
Nov 18, 2024	2024 (Q3)	7.55 / 9.41	7.933	18.58% (+1.47)	―	―
Aug 26, 2024	2024 (Q2)	5.62 / 7.93	5.482	44.75% (+2.45)	―	―
May 20, 2024	2024 (Q1)	4.49 / 6.47	3.374	91.76% (+3.10)	―	―
Feb 22, 2024	2023 (Q4)	2.44 / 4.35	0.861	405.69% (+3.49)	―	―
Nov 20, 2023	2023 (Q3)	5.17 / 7.93	1.763	349.97% (+6.17)	―	―
Sep 04, 2023	2023 (Q2)	3.95 / 5.48	-0.344	1693.60% (+5.83)	―	―
Jun 08, 2023	2023 (Q1)	2.07 / 3.37	-0.07	4920.00% (+3.44)	―	―

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:9961 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 19, 2025	HK$517.00	HK$505.50	-2.22%
Feb 24, 2025	HK$521.88	HK$459.69	-11.92%
Nov 18, 2024	HK$475.81	HK$503.47	+5.81%
Aug 26, 2024	HK$334.32	HK$364.57	+9.05%

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.