Tripcom Group Ltd Stock Price, News & Analysis

Trip.com Group (Nasdaq: TCOM) reported strong recovery in its Q3 2022 financial results, showing a net revenue increase of 29% year-over-year to RMB6.9 billion (US$969 million), and a staggering 72% growth quarter-over-quarter. Net income rose to RMB245 million (US$34 million), recovering from a loss of RMB868 million in Q3 2021. Adjusted EBITDA soared to RMB1.4 billion (US$198 million), a 164% year-over-year increase. Both domestic and international bookings exhibited significant growth, bolstered by easing travel restrictions and strong summer travel demand.

Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) will announce its financial results for the quarter ending September 30, 2022, on December 14, 2022, after market close. A conference call will follow at 7:00 PM U.S. Eastern Time to discuss these results. The call can be accessed live and later on their investor relations website. Established in 1999 and publicly traded since 2003, Trip.com is a prominent one-stop travel service provider in China and globally, offering a range of travel products and services.

Trip.com Group has launched a global promotional campaign with Tourism and Events Queensland, targeting travelers from Australia, New Zealand, the UK, Japan, South Korea, and Singapore. The campaign, titled 'A Beautiful Way to Be', runs for one month starting October 25, 2022, focusing on couples and families. Trip.com will provide localized content and hotel discounts for Queensland bookings. Recent data shows a 350% increase in searches for Queensland as a destination since January 2022, indicating strong recovery post-COVID.

Trip.com Group (TCOM) reported its unaudited financial results for Q2 2022, showing a net income of RMB43 million (US$6 million), a significant turnaround from a net loss of RMB1 billion in the previous quarter. Adjusted EBITDA rose to RMB355 million (US$53 million), up 290% quarter-over-quarter. However, net revenue decreased by 32% year-over-year to RMB4.0 billion (US$598 million). Despite ongoing COVID-19 disruptions, local hotel bookings surged over 30% versus 2019, fueling recovery. Executives expressed optimism for continued growth amid evolving travel demands.

Trip.com Group Limited (Nasdaq: TCOM) will announce its financial results for Q2 and the first half of 2022 on September 21, 2022, after market close. The management will hold a conference call at 8:00 PM U.S. Eastern Time on the same day, which will be available via live webcast and replay. Trip.com is recognized as a premier travel platform, offering a range of travel services and aiming to enhance travelers' experiences globally. Founded in 1999, it operates under various brands, including Ctrip and Skyscanner.

Trip.com Group Limited (Nasdaq: TCOM) announced board changes effective July 1, 2022. Dr. Dou Shen has resigned as a director, with Junjie He, a senior vice president at Baidu Inc. (Nasdaq: BIDU), appointed as his successor. Mr. He has a wealth of experience in investment and corporate management, having held multiple leadership roles at Baidu and various investment firms. Trip.com is a leading travel platform offering a range of services including accommodation reservations, transportation ticketing, and corporate travel management.

Trip.com Group (Nasdaq: TCOM) reported stable net revenue of RMB4.1 billion (US$649 million) for Q1 2022, flat year-over-year but down 12% from Q4 2021. Despite pandemic challenges in China, local hotel bookings rose over 20% year-over-year, and air-ticket bookings surged by 270% globally. Accommodation and corporate travel revenues decreased by 8% and 12%, respectively. The company showed resilience with a narrower operating loss of RMB359 million (US$55 million), down from RMB787 million a year ago, alongside a positive adjusted EBITDA of RMB91 million (US$16 million).

Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) will announce its first quarter 2022 financial results on June 27, 2022, after the market closes. A conference call hosted by the management team will follow at 8:00 PM U.S. Eastern Time. Participants can pre-register for the call and access the live webcast at Trip.com Investor Relations. The call will also be available for replay until July 5, 2022. Trip.com is a leading travel service provider offering a variety of travel products and services globally.