The earnings call indicates a strong overall performance for Trip.com Group in the first quarter of 2025, with significant growth in inbound travel and international operations, as well as effective use of AI technology to enhance user engagement. Despite challenges in corporate travel revenue and fluctuating marketing expenses, the company's strategic initiatives and operational efficiencies have led to robust financial results and a commitment to returning value to shareholders.

Company Guidance -

Q2 2025

During the Trip.com Group's first quarter 2025 earnings call, management provided a detailed guidance on their financial performance and strategic initiatives. The company reported a net revenue of RMB13.8 billion, a 16% year-over-year increase, with adjusted EBITDA growing by 7% year-over-year to RMB4.2 billion. Trip.com experienced significant growth in inbound travel bookings, which surged by approximately 100% year-over-year, particularly from markets like South Korea, Thailand, Malaysia, and Indonesia. Their international OTA platform bookings increased by over 60%, driven largely by mobile platform usage, which contributes 70% of international bookings. In terms of operational efficiency, the company maintained a strong focus on AI-driven enhancements, with AI tools now handling over 80% of customer inquiries. Looking ahead, the company remains optimistic about capturing further growth opportunities, supported by strong consumer confidence and favorable travel policies, including a 240-hour visa-free transit policy in China. Additionally, they are committed to shareholder value, having repurchased approximately $84 million worth of shares and distributed $200 million in cash dividends.

Strong Growth in Inbound Travel

Inbound travel bookings surged by approximately 100% year-over-year, with key source markets being South Korea, Thailand, Malaysia, and Indonesia. This growth is supported by the strategic push from China to attract international visitors.

AI-Driven User Engagement

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

Revenue and EBITDA Growth

Net revenue increased by 16% year-over-year to RMB13.8 billion, and adjusted EBITDA grew by 7% year-over-year, demonstrating continued operational efficiency improvement.

Strong International OTA Platform Performance

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

Robust Mobile Platform Contributions

The mobile platform now contributes 70% of international bookings, reflecting the growing user preference for app-based travel planning.

Resilient Domestic Travel Demand

Domestic hotel bookings in China continued to see double-digit growth year-over-year, underscoring a strong appetite for local exploration.

Expansion in Inbound Market Offerings

Trip.com Group has launched free city tours for transit travelers in Shanghai and Beijing, and is upgrading offline stores into multilingual service centers.

Successful Capital Return Program

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

Trip.com Group Sponsored ADR (TCOM) Earnings, Revenues Date & History

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TCOM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 18, 2025	2025 (Q2)	0.85 / -	1.01	―	―	―
May 19, 2025	2025 (Q1)	0.75 / 0.83	0.835	-0.67% (>-0.01)	―
Feb 24, 2025	2024 (Q4)	0.54 / 0.61	0.557	8.75% (+0.05)	―
Nov 18, 2024	2024 (Q3)	0.96 / 1.22	1.011	20.52% (+0.21)	―
Aug 26, 2024	2024 (Q2)	0.73 / 1.01	0.712	41.88% (+0.30)	―
May 20, 2024	2024 (Q1)	0.58 / 0.84	0.427	95.44% (+0.41)	―
Feb 22, 2024	2023 (Q4)	0.31 / 0.56	0.106	426.32% (+0.45)	―
Nov 20, 2023	2023 (Q3)	0.67 / 1.01	0.22	359.49% (+0.79)	―
Sep 04, 2023	2023 (Q2)	0.50 / 0.71	-0.043	1748.39% (+0.75)	―
Jun 08, 2023	2023 (Q1)	0.25 / 0.43	-0.008	5216.67% (+0.44)	―

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

TCOM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 19, 2025	$67.10	$63.38	-5.54%
Feb 24, 2025	$64.37	$57.04	-11.39%
Nov 18, 2024	$61.04	$62.46	+2.33%
Aug 26, 2024	$42.15	$45.76	+8.56%

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.