The earnings call highlighted strong growth in inbound travel, international expansion success, and innovative AI integration, contributing to record revenue and profitability. Despite some challenges such as pricing pressure and competitive landscape, the company's strategic initiatives and shareholder returns indicate a positive outlook.

Company Guidance

During the Trip.com Group 2025 Q2 Earnings Conference Call, the company provided detailed guidance on various key performance metrics. Net revenue for Q2 increased by 16% year-over-year, reaching RMB 14.8 billion, driven by strong travel demand across segments. Adjusted EBITDA rose by 10% year-over-year to RMB 4.9 billion, reflecting continued top-line growth and operational efficiency. Inbound travel bookings surged by over 100% compared to the previous year, underscoring China's growing appeal as a travel destination. International bookings on the platform increased by over 60% year-over-year, with mobile bookings accounting for 70% of total bookings. The company also highlighted its focus on AI-driven innovations like the upgraded Trip.Planner, personalized travel experiences, and strategic partnerships to enhance its global footprint. To further its commitment to shareholder returns, Trip.com announced a new USD 5 billion share repurchase program. Looking ahead, the company remains optimistic about the travel industry's long-term prospects, emphasizing its strategic investments in technology, sustainability, and global expansion.

Strong Growth in Inbound Travel

Trip.com's inbound travel bookings increased by over 100% year-over-year, driven by demand from Korea and Southeast Asia. Inbound travel is becoming a key growth engine for the business, with potential for further expansion as visa policies ease and China's global appeal rises.

Record Revenue and Profitability

Net revenue in Q2 increased by 16% year-over-year to RMB 14.8 billion. Adjusted EBITDA was up 10% year-over-year, reflecting strong demand and operational efficiency.

Successful International Expansion

International bookings increased by over 60% year-over-year, with significant contributions from the APAC region. Mobile bookings accounted for 70% of total bookings, highlighting strong engagement.

Innovative AI and Technology Integration

The Trip.Planner tool was upgraded, offering personalized and intelligent planning experiences. AI enhances user experience by delivering tailored travel recommendations.

Strong Shareholder Returns

The company completed share repurchases totaling approximately USD 400 million and announced a new USD 5 billion share repurchase program.

Growth in Specialized Travel Segments

The Old Friends Club demographic and travel plus entertainment products showed over 100% growth, indicating rising engagement from seniors and younger travelers.

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

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HK:9961 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 10, 2025	2025 (Q3)	8.84 / -	9.407	―	―	―
Aug 27, 2025	2025 (Q2)	6.53 / 7.86	7.935	-0.89% (-0.07)	―	―
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)	―	―

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
Aug 27, 2025	HK$512.50	HK$552.00	+7.71%
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%

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.