Trip.com Group Limited Reports Unaudited Fourth Quarter and Full Year of 2024 Financial Results

Rhea-AI Summary

Trip.com Group (TCOM) reported strong Q4 2024 financial results with net revenue of RMB12.7 billion (US$1.7 billion), up 23% year-over-year. Net income reached RMB2.2 billion (US$300 million), compared to RMB1.3 billion in Q4 2023.

International business showed robust growth with outbound hotel and air ticket bookings exceeding 120% of pre-COVID levels. Air ticket and hotel bookings on the international OTA platform increased by over 70% year-over-year, while inbound travel bookings surged by more than 100%.

For full-year 2024, net revenue was RMB53.3 billion (US$7.3 billion), a 20% increase from 2023. The company announced a new capital return program including a US$400 million share repurchase authorization and a US$0.30 per share dividend, totaling approximately US$200 million.

Positive

• Net revenue increased 23% YoY to RMB12.7 billion in Q4 2024
• Net income grew to RMB2.2 billion in Q4 2024, up from RMB1.3 billion in Q4 2023
• Outbound bookings exceeded 120% of pre-COVID levels
• International OTA platform bookings increased over 70% YoY
• Announced US$400 million share buyback program and US$0.30 per share dividend

Negative

• Q4 revenue decreased 20% quarter-over-quarter due to seasonality
• Cost of revenue increased 31% YoY in Q4 2024
• Sales and marketing expenses rose 45% YoY to RMB3.4 billion

Insights

Financial Analyst

Trip.com Group's Q4 2024 financial results reveal a company executing effectively on both domestic and international fronts. The 23% year-over-year revenue growth to RMB12.7 billion demonstrates strong market positioning, while the 69% year-over-year increase in net income to RMB2.2 billion shows improved operational efficiency.

Several key metrics deserve attention:

• The international business recovery is particularly noteworthy, with outbound bookings exceeding 120% of pre-COVID levels, indicating substantial market share gains in the global travel market.
• Accommodation revenue growth of 33% YoY outpaced transportation ticketing (16%), suggesting successful execution in higher-margin segments.
• Operating margins show resilience despite increased investments, with adjusted EBITDA reaching RMB3.0 billion.

The company's strategic focus on AI investment and product development (RMB3.4 billion in Q4) positions it well for future innovation, though this represents a significant 27% of revenue. The newly announced US$600 million capital return program (US$400 million buyback and US$200 million dividend) indicates strong cash flow generation and management's confidence in the business outlook.

However, investors should monitor the 45% increase in sales and marketing expenses, which could pressure margins if revenue growth doesn't keep pace. The seasonal pattern in revenue (20% sequential decline) suggests opportunities for better capacity utilization during off-peak periods.

SINGAPORE, Feb. 24, 2025 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial results for the fourth quarter and full year of 2024.

Key Highlights for the Fourth Quarter and Full Year of 2024

• International businesses experienced robust growth across all segments in the fourth quarter of 2024
  • Outbound hotel and air ticket bookings have recovered to more than 120% of the pre-COVID level for the same period in 2019.
  • Air ticket and hotel bookings on our international OTA platform increased by over 70% year-over-year.
  • Inbound travel bookings surged by more than 100% year-over-year.
• The Company delivered solid financial results in the fourth quarter of 2024
  • Net revenue for the fourth quarter was RMB12.7 billion (US$1.7 billion), representing a year-over-year growth of 23%.
  • Net income for the fourth quarter was RMB2.2 billion (US$300 million), compared to RMB1.3 billion for the same period in 2023.
  • Adjusted EBITDA for the fourth quarter was RMB3.0 billion (US$408 million), an improvement from RMB2.9 billion for the same period last year.

"The travel market has shown remarkable resilience in 2024, driven by travelers' growing desire for exploration and cultural experiences," said James Liang, Executive Chairman. "We are committed to investing in AI and promoting inbound travel to foster innovation and enhance the overall travel experience. We anticipate another year of growth and success within the industry."

"We achieved solid results across market segments over the past year," said Jane Sun, Chief Executive Officer. "With a promising market outlook, we are well-positioned to deliver outstanding travel services globally. We are confident in our ability to create value for users and succeeding with business partners through new initiatives. Together, we strive for win-win outcomes and contribute to global economic growth."

Fourth Quarter and Full Year of 2024 Financial Results and Business Updates

For the fourth quarter of 2024, Trip.com Group reported net revenue of RMB12.7 billion (US$1.7 billion), representing a 23% increase from the same period in 2023, primarily driven by stronger travel demand. Net revenue for the fourth quarter of 2024 decreased by 20% from the previous quarter, primarily due to seasonality.

For the full year of 2024, net revenue was RMB53.3 billion (US$7.3 billion), representing a 20% increase from 2023.

Accommodation reservation revenue for the fourth quarter of 2024 was RMB5.2 billion (US$709 million), representing a 33% increase from the same period in 2023, primarily driven by an increase in accommodation reservations. Accommodation reservation revenue for the fourth quarter of 2024 decreased by 24% from the previous quarter, primarily due to seasonality.

For the full year of 2024, accommodation reservation revenue was RMB21.6 billion (US$3.0 billion), representing a 25% increase from 2023. The accommodation reservation revenue accounted for 40% of the total revenue in 2024 and 39% of the total revenue in 2023.

Transportation ticketing revenue for the fourth quarter of 2024 was RMB4.8 billion (US$655 million), representing a 16% increase from the same period in 2023, primarily driven by an increase in transportation reservations. Transportation ticketing revenue for the fourth quarter of 2024 decreased by 15% from the previous quarter, primarily due to seasonality.

For the full year of 2024, transportation ticketing revenue was RMB20.3 billion (US$2.8 billion), representing a 10% increase from 2023. The transportation ticketing revenue accounted for 38% of the total revenue in 2024 and 41% of the total revenue in 2023.

Packaged-tour revenue for the fourth quarter of 2024 was RMB870 million (US$119 million), representing a 24% increase from the same period in 2023, primarily driven by an increase in packaged-tour reservations. Packaged-tour revenue for the fourth quarter of 2024 decreased by 44% from the previous quarter, primarily due to seasonality.

For the full year of 2024, packaged-tour revenue was RMB4.3 billion (US$594 million), representing a 38% increase from 2023. The packaged-tour revenue accounted for 8% of the total revenue in 2024 and 7% of the total revenue in 2023.

Corporate travel revenue for the fourth quarter of 2024 was RMB702 million (US$96 million), representing an 11% increase from the same period in 2023 and a 7% increase from the previous quarter, primarily driven by an increase in corporate travel reservations.

For the full year of 2024, corporate travel revenue was RMB2.5 billion (US$343 million), representing an 11% increase from 2023. The corporate travel revenue accounted for 5% of the total revenue both in 2024 and 2023.

Cost of revenue for the fourth quarter of 2024 increased by 31% to RMB2.6 billion (US$362 million) from the same period in 2023 and decreased by 6% from the previous quarter, which was generally in line with the fluctuations in net revenue from the respective periods. Cost of revenue as a percentage of net revenue was 21% for the fourth quarter of 2024.

For the full year of 2024, cost of revenue was RMB10.0 billion (US$1.4 billion), representing a 23% increase from 2023. Cost of revenue as a percentage of net revenue was 19% in 2024.

Product development expenses for the fourth quarter of 2024 increased by 16% to RMB3.4 billion (US$465 million) from the same period in 2023 and decreased by 7% from the previous quarter, primarily due to the fluctuations in product development personnel related expenses. Product development expenses as a percentage of net revenue were 27% for the fourth quarter of 2024.

For the full year of 2024, product development expenses increased by 8% to RMB13.1 billion (US$1.8 billion) from 2023. Product development expenses as a percentage of net revenue were 25% in 2024.

Sales and marketing expenses for the fourth quarter of 2024 increased by 45% to RMB3.4 billion (US$462 million) from the same period in 2023, primarily due to the increase in expenses relating to sales and marketing promotion activities. Sales and marketing expenses for the fourth quarter of 2024 was flat compared to the previous quarter. Sales and marketing expenses as a percentage of net revenue were 26% for the fourth quarter of 2024.

For the full year of 2024, sales and marketing expenses increased by 29% to RMB11.9 billion (US$1.6 billion) from 2023. Sales and marketing expenses as a percentage of net revenue were 22% in 2024.

General and administrative expenses for the fourth quarter of 2024 increased by 19% to RMB1.0 billion (US$142 million) from the same period in 2023, primarily due to an increase in general and administrative personnel related expenses. General and administrative expenses for the fourth quarter of 2024 decreased by 1% from the previous quarter. General and administrative expenses as a percentage of net revenue were 8% for the fourth quarter of 2024.

For the full year of 2024, general and administrative expenses increased by 9% to RMB4.1 billion (US$560 million) from 2023. General and administrative expenses as a percentage of net revenue were 8% in 2024.

Income tax expense for the fourth quarter of 2024 was RMB526 million (US$72 million), compared to RMB399 million for the same period in 2023 and RMB721 million for the previous quarter. The change in Trip.com Group's effective tax rate was primarily due to the combined impacts of changes in respective profitability of its subsidiaries with different tax rates, changes in deferred tax liabilities relating to withholding tax, certain non-taxable income or loss resulting from the fair value changes in equity securities investments and exchangeable senior notes recorded in other income/(expense), and changes in valuation allowance provided for deferred tax assets.

For the full year of 2024, income tax expense was RMB2.6 billion (US$357 million), compared to RMB1.8 billion in 2023.

Net income for the fourth quarter of 2024 was RMB2.2 billion (US$300 million), compared to RMB1.3 billion for the same period in 2023 and RMB6.8 billion for the previous quarter. Adjusted EBITDA for the fourth quarter of 2024 was RMB3.0 billion (US$408 million), compared to RMB2.9 billion for the same period in 2023 and RMB5.7 billion for the previous quarter.

For the full year of 2024, net income was RMB17.2 billion (US$2.4 billion), compared to RMB10.0 billion in 2023.

Net income attributable to Trip.com Group's shareholders for the fourth quarter of 2024 was RMB2.2 billion (US$295 million), compared to RMB1.3 billion for the same period in 2023 and RMB6.8 billion for the previous quarter. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects, non-GAAP net income attributable to Trip.com Group's shareholders for the fourth quarter of 2024 was RMB3.0 billion (US$416 million), compared to RMB2.7 billion for the same period in 2023 and RMB6.0 billion for the previous quarter.

For the full year of 2024, net income attributable to Trip.com Group's shareholders was RMB17.1 billion (US$2.3 billion), compared to RMB9.9 billion in 2023. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects, non-GAAP net income attributable to Trip.com Group's shareholders was RMB18.0 billion (US$2.5 billion) in 2024, compared to RMB13.1 billion in 2023.

Diluted earnings per ordinary share and per ADS was RMB3.09 (US$0.42) for the fourth quarter of 2024. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects, non-GAAP diluted earnings per ordinary share and per ADS was RMB4.35 (US$0.60) for the fourth quarter of 2024. Each ADS currently represents one ordinary share of the Company.

For the full year of 2024, diluted earnings per share and per ADS was RMB24.78 (US$3.39). Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects, non-GAAP diluted earnings per share and per ADS was RMB26.20 (US$3.59).

As of December 31, 2024, the balance of cash and cash equivalents, restricted cash, short-term investment, and held to maturity time deposit and financial products was RMB90.0 billion (US$12.3 billion).

Recent Development

As part of our ongoing commitment to delivering value to our shareholders and ADS holders and in line with our regular capital return policy, the Company's board of directors has authorized to undertake new capital return measures in 2025, consisting of (i) a share repurchase program under which the Company is authorized and approved to, from time to time, acquire up to an aggregate of US$400 million of its ordinary shares and/or ADSs, and (ii) an ordinary cash dividend for the financial year of 2024 totaling approximately US$200 million. The cash dividend will be US$0.30 per ordinary share or per ADS, payable to holders of ordinary shares and ADSs of record as of the close of business on March 17, 2025, Hong Kong time and New York time, respectively. Dividends to holders of ordinary shares are expected to be paid on or around March 27, 2025. Dividends to holders of ADSs are expected to be paid on or around April 4, 2025, subject to the terms of the deposit agreement, including the fees and expenses payable thereunder.  

Conference Call

Trip.com Group's management team will host a conference call at 7:00 PM on February 24, 2025, U.S. Eastern Time (or 8:00 AM on February 25, 2025, Hong Kong Time) following this announcement.

The conference call will be available live on Webcast and for replay at: https://investors.trip.com. The call will be archived for twelve months on our website.

All participants must pre-register to join this conference call using the Participant Registration link below:

https://register.vevent.com/register/BI464e7cf662634c26ab00fc2284233a50.  

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "may," "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," "is/are likely to," "confident," or other similar statements. Among other things, quotations from management in this press release, as well as Trip.com Group's strategic and operational plans, contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, severe or prolonged downturn in the global or Chinese economy, general declines or disruptions in the travel industry, volatility in the trading price of Trip.com Group's ADSs or shares, Trip.com Group's reliance on its relationships and contractual arrangements with travel suppliers and strategic alliances, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in the relevant jurisdictions where Trip.com Group operates, failure to successfully develop Trip.com Group's existing or future business lines, damage to or failure of Trip.com Group's infrastructure and technology, loss of services of Trip.com Group's key executives, adverse changes in economic and business conditions in the relevant jurisdictions where Trip.com Group operates, any regulatory developments in laws, regulations, rules, policies or guidelines applicable to Trip.com Group and other risks outlined in Trip.com Group's filings with the U.S. Securities and Exchange Commission or the Stock Exchange of Hong Kong Limited. All information provided in this press release and in the attachments is as of the date of the issuance, and Trip.com Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement Trip.com Group's consolidated financial statements, which are prepared and presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), Trip.com Group uses non-GAAP financial information related to adjusted net income attributable to Trip.com Group Limited, adjusted EBITDA, adjusted EBITDA margin, and adjusted diluted earnings per ordinary share and per ADS, each of which is adjusted from the most comparable GAAP result to exclude the share-based compensation charges that are not tax deductible, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), net of tax, and other applicable items. Trip.com Group's management believes the non-GAAP financial measures facilitate better understanding of operating results from quarter to quarter and provide management with a better capability to plan and forecast future periods.

Non-GAAP information is not prepared in accordance with GAAP, does not have a standardized meaning under GAAP, and may be different from non-GAAP methods of accounting and reporting used by other companies. The presentation of this additional information should not be considered a substitute for GAAP results. A limitation of using non-GAAP financial measures is that non-GAAP measures exclude share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects that have been and will continue to be significant recurring expenses in Trip.com Group's business for the foreseeable future.

Reconciliations of Trip.com Group's non-GAAP financial data to the most comparable GAAP data included in the consolidated statement of operations are included at the end of this press release.

About Trip.com Group Limited

Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) is a leading global one-stop travel platform, integrating a comprehensive suite of travel products and services and differentiated travel content. It is the go-to destination for travelers in China, and increasingly for travelers around the world, to explore travel, get inspired, make informed and cost-effective travel bookings, enjoy hassle-free on-the-go support, and share travel experience. Founded in 1999 and listed on Nasdaq in 2003 and HKEX in 2021, the Company currently operates under a portfolio of brands, including Ctrip, Qunar, Trip.com, and Skyscanner, with the mission "to pursue the perfect trip for a better world."

For further information, please contact:

Investor Relations
Trip.com Group Limited
Tel: +86 (21) 3406-4880 X 12229
Email: iremail@trip.com

 

 

 

Trip.com Group Limited
Unaudited Consolidated Balance Sheets
(In millions, except share and per share data)
			December 31, 2023		December 31, 2024		December 31, 2024
			RMB (million)		RMB (million)		USD (million)
	ASSETS
	Current assets:
	Cash, cash equivalents and restricted cash		43,983		51,093		7,000
	Short-term investments		17,748		28,475		3,900
	Accounts receivable, net		11,410		12,459		1,707
	Prepayments and other current assets		15,591		20,093		2,753
	Total current assets		88,732		112,120		15,360
	Property, equipment and software		5,142		5,053		692
	Intangible assets and land use rights		12,644		12,840		1,759
	Right-of-use asset		641		755		103
	Investments (Includes held to maturity time deposit and financial products of RMB15,530 million and RMB10,453 million as of December 31,2023 and December 31, 2024, respectively)		49,342		47,194		6,466
	Goodwill		59,372		60,911		8,345
	Other long-term assets		688		454		62
	Deferred tax asset		2,576		3,254		446
	Total assets		219,137		242,581		33,233
	LIABILITIES
	Current liabilities:
	Short-term debt and current portion of long-term debt		25,857		19,433		2,662
	Accounts payable		16,459		16,578		2,271
	Advances from customers		13,380		18,029		2,470
	Other current liabilities		16,715		19,970		2,736
	Total current liabilities		72,411		74,010		10,139
	Deferred tax liability		3,825		4,098		561
	Long-term debt		19,099		20,134		2,758
	Long-term lease liability		477		561		77
	Other long-term liabilities		319		296		41
	Total liabilities		96,131		99,099		13,576
	MEZZANINE EQUITY		-		743		102
	SHAREHOLDERS' EQUITY
	Total Trip.com Group Limited shareholders' equity		122,184		141,807		19,427
	Non-controlling interests		822		932		128
	Total shareholders' equity		123,006		142,739		19,555
	Total liabilities, mezzanine equity and shareholders' equity		219,137		242,581		33,233

 

 

 

Trip.com Group Limited
Unaudited Consolidated Statements of Income
(In millions, except share and per share data)
			Three Months Ended								Year Ended
			December 31, 2023		September 30, 2024		December 31, 2024		December 31, 2024		December 31, 2023		December 31, 2024		December 31, 2024
			RMB (million)		RMB (million)		RMB (million)		USD (million)		RMB (million)		RMB (million)		USD (million)
	Revenue:
	Accommodation reservation		3,903		6,802		5,178		709		17,257		21,612		2,961
	Transportation ticketing		4,106		5,650		4,780		655		18,443		20,301		2,781
	Packaged-tour		704		1,558		870		119		3,140		4,336		594
	Corporate travel		634		656		702		96		2,254		2,502		343
	Others		991		1,234		1,238		170		3,468		4,626		634
	Total revenue		10,338		15,900		12,768		1,749		44,562		53,377		7,313
	Less: Sales tax and surcharges		(13)		(27)		(24)		(3)		(52)		(83)		(11)
	Net revenue		10,325		15,873		12,744		1,746		44,510		53,294		7,302
	Cost of revenue		(2,010)		(2,800)		(2,640)		(362)		(8,121)		(9,990)		(1,368)
	Gross profit		8,315		13,073		10,104		1,384		36,389		43,304		5,934
	Operating expenses:
	Product development *		(2,916)		(3,640)		(3,397)		(465)		(12,120)		(13,139)		(1,800)
	Sales and marketing *		(2,333)		(3,382)		(3,373)		(462)		(9,202)		(11,902)		(1,631)
	General and administrative *		(869)		(1,045)		(1,033)		(142)		(3,743)		(4,086)		(560)
	Total operating expenses		(6,118)		(8,067)		(7,803)		(1,069)		(25,065)		(29,127)		(3,991)
	Income from operations		2,197		5,006		2,301		315		11,324		14,177		1,943
	Interest income		593		598		517		71		2,090		2,341		321
	Interest expense		(497)		(399)		(323)		(44)		(2,067)		(1,735)		(238)
	Other (expense)/income		(903)		1,781		(137)		(19)		(667)		2,220		304
	Income before income tax expense and equity in income of affiliates		1,390		6,986		2,358		323		10,680		17,003		2,330
	Income tax expense		(399)		(721)		(526)		(72)		(1,750)		(2,604)		(357)
	Equity in income of affiliates		351		558		359		49		1,072		2,828		387
	Net income		1,342		6,823		2,191		300		10,002		17,227		2,360
	Net income attributable to non- controlling interests and mezzanine classified non-controlling interests		(45)		(58)		(34)		(5)		(84)		(160)		(22)
	Net income attributable to Trip.com Group Limited		1,297		6,765		2,157		295		9,918		17,067		2,338
	Earnings per ordinary share
	- Basic		1.99		10.37		3.28		0.45		15.19		26.10		3.58
	- Diluted		1.94		9.93		3.09		0.42		14.78		24.78		3.39
	Earnings per ADS
	- Basic		1.99		10.37		3.28		0.45		15.19		26.10		3.58
	- Diluted		1.94		9.93		3.09		0.42		14.78		24.78		3.39
	Weighted average ordinary shares outstanding
	- Basic		652,033,082		652,719,801		656,190,044		656,190,044		652,859,211		654,035,399		654,035,399
	- Diluted		668,332,395		681,411,847		698,171,269		698,171,269		671,062,240		688,704,882		688,704,882
	* Share-based compensation included in Operating expenses above is as follows:
	Product development		215		221		219		30		870		976		134
	Sales and marketing		39		38		40		6		158		171		24
	General and administrative		196		200		200		27		806		895		123

 

 

Trip.com Group Limited
Unaudited Reconciliation of  GAAP and Non-GAAP Results
(In millions, except %, share and per share data)
			Three Months Ended								Year Ended
			December 31, 2023		September 30, 2024		December 31, 2024		December 31, 2024		December 31, 2023		December 31, 2024		December 31, 2024
			RMB (million)		RMB (million)		RMB (million)		USD (million)		RMB (million)		RMB (million)		USD (million)
	Net income		1,342		6,823		2,191		300		10,002		17,227		2,360
	Less: Interest income		(593)		(598)		(517)		(71)		(2,090)		(2,341)		(321)
	Add: Interest expense		497		399		323		44		2,067		1,735		238
	Add: Other expense/(income)		903		(1,781)		137		19		667		(2,220)		(304)
	Add: Income tax expense		399		721		526		72		1,750		2,604		357
	Less: Equity in income of affiliates		(351)		(558)		(359)		(49)		(1,072)		(2,828)		(387)
	Income from operations		2,197		5,006		2,301		315		11,324		14,177		1,943
	Add: Share-based compensation		450		459		459		63		1,834		2,042		281
	Add: Depreciation and amortization		208		215		220		30		817		851		117
	Adjusted EBITDA		2,855		5,680		2,980		408		13,975		17,070		2,341
	Adjusted EBITDA margin		28 %		36 %		23 %		23 %		31 %		32 %		32 %
	Net income attributable to Trip.com Group Limited		1,297		6,765		2,157		295		9,918		17,067		2,338
	Add: Share-based compensation		450		459		459		63		1,834		2,042		281
	Add: Loss/(gain) from fair value changes of equity securities investments and exchangeable senior notes		989		(1,276)		438		60		1,507		(1,082)		(148)
	Add: Tax effects on fair value changes of equity securities investments and exchangeable senior notes		(61)		15		(16)		(2)		(188)		14		2
	Non-GAAP net income attributable to Trip.com Group Limited		2,675		5,963		3,038		416		13,071		18,041		2,473
	Weighted average ordinary shares outstanding-  Diluted-non GAAP		668,332,395		681,411,847		698,171,269		698,171,269		671,062,240		688,704,882		688,704,882
	Non-GAAP Diluted income per share		4.00		8.75		4.35		0.60		19.48		26.20		3.59
	Non-GAAP Diluted income per ADS		4.00		8.75		4.35		0.60		19.48		26.20		3.59
	Notes for all the condensed consolidated financial schedules presented:
	Note 1: The conversion of Renminbi (RMB) into U.S. dollars (USD) is based on the certified exchange rate of USD1.00=RMB7.2993 on December 31, 2024 published by the Federal Reserve Board.

 

 

View original content:https://www.prnewswire.com/news-releases/tripcom-group-limited-reports-unaudited-fourth-quarter-and-full-year-of-2024-financial-results-302383344.html

SOURCE Trip.com Group Limited

FAQ

What was Trip.com Group's (TCOM) revenue growth in Q4 2024?

Trip.com Group's revenue grew 23% year-over-year to RMB12.7 billion (US$1.7 billion) in Q4 2024.

How much is TCOM's new share buyback program worth?

Trip.com Group announced a new share buyback program worth US$400 million.

What dividend did TCOM announce for 2024?

Trip.com Group announced a dividend of US$0.30 per ordinary share or ADS, totaling approximately US$200 million.

How did TCOM's international bookings perform compared to pre-COVID levels?

Outbound hotel and air ticket bookings recovered to more than 120% of the pre-COVID level from 2019.

What was TCOM's net income for full-year 2024?

Trip.com Group's net income for full-year 2024 was RMB17.2 billion (US$2.4 billion).