Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Result Ann>TRIP.COM-S (09961.HK) 1Q Results Swing into Profit of RMB3.375B
Recommend 22 Positive 16 Negative 17 |
||||
|
||||
|
TRIP.COM-S (09961.HK) announced its 1Q23 results for the period ended March this year. Its net revenue was RMB9.211 billion, exceeding the level of 1Q19 before the epidemic and up 124.1% YoY. It turned into a profit of RMB3.375 billion, compared to a loss of RMB989 million in 1Q22. EPS was RMB5.18. Non-GAAP net profit was RMB2.065 billion, compared to a loss of RMB36 million in 1Q22. Adjusted EBITDA for 1Q23 was RMB2.8 billion, compared to RMB91 million for 1Q22 and RMB286 million for 4Q22. Adjusted EBITDA margin was 31%, compared to 2% in 1Q22 and 6% in 4Q22. The company's 1Q23 accommodation reservation revenue was RMB3.5 billion, hiking 140% YoY. Transportation ticketing revenue was RMB4.2 billion, surging 150% YoY. Packaged-tour revenue was RMB386 million, soaring 211% YoY. Corporate travel revenue was RMB445 million, jumping up 100% YoY. During the period, the company's domestic hotel bookings in China increased by over 100% YoY. Same city staycation hotel bookings increased by 150% compared to the pre-pandemic period in 2019. Outbound hotel and air reservations recovered to over 40% of pre-2019 levels, although the overall outbound aviation market recovered to only 15%. Air ticket bookings on the company's international OTA platform grew by more than 200% YoY and by more than 100% compared to pre-2019 levels. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
