Financial Data and Key Metrics Changes - Trip.com Group reported a net revenue of RMB 18.3 billion for Q3 2025, representing a 16% increase year-over-year and a 24% increase quarter-over-quarter, driven by robust travel demand [17] - Accommodation reservation revenue increased by 18% year-over-year to RMB 8.0 billion, and transportation ticketing revenue rose by 12% year-over-year to RMB 6.3 billion [17] - Adjusted EBITDA for Q3 was RMB 6.3 billion, compared to RMB 5.7 billion in the same period last year [19] Business Line Data and Key Metrics Changes - Outbound hotel and air bookings grew by close to 20% year-over-year, reaching about 140% of 2019 volumes [6] - Package tour revenue increased by 3% year-over-year to RMB 1.6 billion, with a significant 49% increase quarter-over-quarter [18] - Corporate travel revenue rose by 15% year-over-year to RMB 756 million, driven by more companies adopting managed corporate travel services [18] Market Data and Key Metrics Changes - Inbound travel bookings on the platform grew by over 100% year-over-year, reflecting robust international demand [9] - The Asia-Pacific region remains the largest source of inbound travelers, with Europe and the U.S. also seeing strong growth [9] - International bookings increased by around 60% year-over-year, with the Asia-Pacific region contributing over 50% to this growth [10] Company Strategy and Development Direction - The company aims to leverage AI innovation to enhance travel experiences and improve service delivery [5] - Trip.com Group is focusing on expanding its international presence, particularly in the Asia-Pacific region, while also enhancing its offerings for inbound travelers [48] - The company is committed to nurturing the broader travel ecosystem and supporting local economic development through strategic partnerships [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth of the travel industry, emphasizing the importance of enhancing services and empowering the broader ecosystem [16] - The company remains optimistic about the future of travel, particularly with the growing demand for diverse and immersive experiences [5] - Management noted that challenges in the market present opportunities to strengthen the company's foundation and expand its market share [38] Other Important Information - The company launched a free layover experience for travelers at Hong Kong International Airport, enhancing its offerings for international visitors [10] - The number of Old Friends Club members increased by over 70%, indicating a growing focus on catering to affluent and active seniors [11] Q&A Session Summary Question: Insights on AI's role in Trip.com's strategy - Management highlighted AI as a central pillar of the company's strategy, with significant growth in the use of AI-driven tools and a focus on enhancing user experiences [24] Question: Consumer behavior trends during national holidays - Management noted strong trends in long stays and long-distance travel during the national holiday, with outbound hotel and air bookings jumping over 30% year-over-year [28] Question: Recent trends in hotel and air ticket prices - Hotel and air ticket prices have shown a narrowing decline, with domestic hotel prices trending higher during the Golden Week [33] Question: Insights on consumer sentiment and outlook for 2026 - Management observed strong travel demand and a desire for immersive experiences, with a focus on enhancing products and services for evolving traveler needs [37] Question: Impact of competition in the China market - Management emphasized the importance of technology and customer service in maintaining a competitive edge, while also investing in improving efficiency across the industry [42] Question: Updates on international performance - International bookings increased by around 60% year-over-year, with a strong focus on the Asia-Pacific region driving growth [48] Question: Inbound travel growth catalysts - Management cited positive feedback from inbound customers regarding safety and hospitality, along with the convenience of visa policies as key growth drivers [53] Question: Marketing strategy and future plans - The marketing strategy delivered solid results, with plans to continue executing signature campaigns while adapting to emerging market trends [59] Question: Dynamics in the global market and competition - Management noted the potential for growth in the Asia-Pacific market and emphasized the importance of localized products and exceptional customer service [62] Question: Long-term positioning of destination services - Management indicated that the destination service business is expected to grow significantly, focusing on enhancing user experience and customer loyalty [68] Question: Outlook for operating expenses - Management plans to manage investments with discipline, adjusting spending based on market maturity and maintaining high standards for new hires [72] Question: Margin expansion outlook - Management stated it is too early to provide specific margin outlooks but emphasized ongoing improvements in operating efficiency as a key driver for future margins [76]

Core Insights - Ctrip Group reported a net operating revenue of 18.3 billion RMB (approximately 2.6 billion USD) for Q3 2025, representing a 16% year-over-year increase, driven by sustained global travel demand [2] - The net profit for the quarter reached 19.9 billion RMB (approximately 2.8 billion USD), a significant increase from 6.8 billion RMB in the same quarter of 2024 [2] Business Segment Performance - Accommodation booking revenue was 8 billion RMB, up 18% year-over-year, attributed to an increase in booking volume [2] - Transportation ticketing revenue reached 6.3 billion RMB, a 12% increase, driven by growth in ticket bookings [2] - Vacation travel revenue amounted to 1.6 billion RMB, reflecting a 3% year-over-year growth [2] - Business travel management revenue was 756 million RMB, up 15%, mainly due to an increase in business travel orders [2] International Business Highlights - Ctrip's international business showed remarkable performance, with total bookings on the international OTA platform increasing by approximately 60% year-over-year [2] - Inbound tourism bookings more than doubled, with a year-over-year growth exceeding 100% [2] - Bookings for outbound hotels and flights reached 140% of the levels seen in the same period of 2019 [2] Executive Commentary - The Executive Chairman of Ctrip, Liang Jianzhang, noted the strong summer travel demand driven by travelers' enthusiasm for exploring the world, emphasizing the use of artificial intelligence to optimize travel processes [3] - The CEO, Sun Jie, expressed satisfaction with the strong performance in Q3, particularly in cross-border travel, and highlighted the commitment to empowering partners to enhance service capabilities and seize growth opportunities [3]

Core Insights - Trip.com reported quarterly earnings of $3.87 per share, significantly exceeding the Zacks Consensus Estimate of $1.15 per share, representing an earnings surprise of +236.52% [1] - The company generated revenues of $2.58 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.41% and showing an increase from $2.26 billion year-over-year [2] - Trip.com has outperformed consensus EPS estimates three times over the last four quarters, indicating a positive trend in earnings performance [2] Financial Performance - The earnings for the previous year were $1.25 per share, highlighting substantial growth in profitability [1] - The company has consistently exceeded revenue estimates, achieving this three times in the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $0.76, with projected revenues of $2.02 billion, while the estimate for the current fiscal year is $3.69 on $8.56 billion in revenues [7] Market Position - Trip.com shares have increased by approximately 4.9% since the beginning of the year, underperforming compared to the S&P 500's gain of 14.5% [3] - The Zacks Rank for Trip.com is currently 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [6] - The Leisure and Recreation Services industry, to which Trip.com belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable industry outlook [8]

Core Insights - Ctrip Group reported a strong performance in Q3 2025, with net operating revenue reaching 18.3 billion RMB (2.6 billion USD), a year-on-year increase of 16% driven by robust travel demand [1] - The company experienced significant growth in various segments, including accommodation bookings and transportation ticketing, attributed to seasonal factors [1][2] Revenue Breakdown - Accommodation booking revenue for Q3 2025 was 8 billion RMB (1.1 billion USD), up 18% year-on-year and 29% quarter-on-quarter [1] - Transportation ticketing revenue reached 6.3 billion RMB (886 million USD), reflecting a 12% year-on-year increase and a 17% quarter-on-quarter rise [1] - Revenue from vacation packages was 1.6 billion RMB (226 million USD), showing a 3% year-on-year growth and a substantial 49% increase from the previous quarter [1] Profitability Metrics - Adjusted EBITDA for Q3 2025 was 6.3 billion RMB (892 million USD), compared to 5.7 billion RMB in Q4 2024 and 4.9 billion RMB in the previous quarter [2] - Net profit attributable to Ctrip Group shareholders was 19.9 billion RMB (2.8 billion USD), significantly up from 6.8 billion RMB year-on-year and 4.8 billion RMB quarter-on-quarter [2] - Non-GAAP net profit for Q3 2025 was 19.2 billion RMB (2.7 billion USD), compared to 6 billion RMB in the same quarter of 2024 and 5 billion RMB in the previous quarter [2] Strategic Initiatives - The company is leveraging artificial intelligence to enhance various aspects of travel and is focused on redefining inbound tourism experiences through initiatives like the "Taste of China" immersive restaurant [3] - Ctrip's leadership expressed optimism about the strong performance in cross-border travel and emphasized the commitment to empowering partners to improve service capabilities and seize growth opportunities [3]

Group 1 - The majority of popular Chinese stocks closed lower on Monday, with the Nasdaq Golden Dragon China Index falling by 1.21% [1] - Alibaba saw an increase of over 2%, while Pinduoduo, NetEase, Ctrip, and Baidu experienced declines of over 1% [1] - Xpeng dropped by over 10%, Li Auto fell by over 4%, Manbang decreased by over 11%, and New Oriental declined by over 1% [1]

Core Viewpoint - Ctrip Group reported strong financial performance for Q3 2025, driven by robust travel demand and strategic use of technology to enhance customer experience [1] Financial Performance - The company achieved a revenue of RMB 18.367 billion, representing a year-on-year increase of 15.52% [1] - Net profit attributable to Ctrip Group reached RMB 19.89 billion, marking a significant year-on-year increase of 194.01% [1] - Basic earnings per share for ordinary shares were RMB 30.36 [1] Market Trends - The summer travel demand remained strong, fueled by travelers' enduring enthusiasm for exploring the world [1] - There was a notable increase in cross-border travel, contributing to the company's strong performance in Q3 [1] Strategic Initiatives - The company is leveraging artificial intelligence to optimize various aspects of travel [1] - Ctrip's "Taste of China" immersive dining experience is redefining inbound tourism [1] - The company aims to expand the boundaries of technology and services to shape a smarter and more sustainable future for the tourism industry [1]

香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 Trip.com Group Limited 攜程集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9961） 2025 年第三季度業績公告 承董事會命 攜程集團有限公司 董事會執行主席 梁建章 新加坡，2025年11月18日 於本公告日期，本公司董事會包括董事梁建章先生、范敏先生、孫潔女士及羅戎先生以及獨立董事沈南鵬先生、 季琦先生、李基培先生及甘劍平先生。 1 攜程集團發佈2025年第三季度未經審計的財務業績 新加坡，2025年11月17日，攜程集團（納斯達克：TCOM；香港聯交所：9961）（以下稱「攜 程集團」或者「公司」），領先的全球一站式旅行服務提供商，提供包括住宿預訂、交通票 務、旅遊度假和商旅管理服務，今日公佈其2025年第三季度未經審計的財務業績。 2025年第三季度業績概要 ‧ 2025年第三季度國際各業務版塊表現強勁 — 國際OTA平台總預訂同比增長約60 ...

Exhibit 99.1 Trip.com Group Limited Reports Unaudited Third Quarter of 2025 Financial Results SINGAPORE, November 17, 2025 — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" or the "Company"), a leading global one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial results for the third quarter of 2025. Key Highlights for the Third Quarter of 2025 • International busin ...

Core Insights - Trip.com Group reported strong financial performance in Q3 2025, with net revenue reaching RMB 18.3 billion (US$2.6 billion), a 16% increase year-over-year and a 24% increase from the previous quarter [3][13][14] Business Performance - International businesses showed robust growth, with overall bookings on the international OTA platform increasing by approximately 60% year-over-year [2] - Inbound travel bookings surged over 100% year-over-year, while outbound flight and hotel bookings reached around 140% of the volume for the same period in 2019 [2] Revenue Breakdown - Accommodation reservation revenue was RMB 8.0 billion (US$1.1 billion), an 18% increase from Q3 2024, and a 29% increase from the previous quarter [4] - Transportation ticketing revenue was RMB 6.3 billion (US$886 million), a 12% increase year-over-year, and a 17% increase from the previous quarter [5] - Packaged-tour revenue was RMB 1.6 billion (US$226 million), a 3% increase year-over-year, and a 49% increase from the previous quarter [6] - Corporate travel revenue was RMB 756 million (US$106 million), a 15% increase year-over-year, and a 9% increase from the previous quarter [7] Cost and Expenses - Cost of revenue increased by 20% to RMB 3.4 billion (US$472 million) year-over-year, aligning with the increase in net revenue [8] - Product development expenses rose by 12% to RMB 4.1 billion (US$574 million) year-over-year [9] - Sales and marketing expenses increased by 24% to RMB 4.2 billion (US$587 million) year-over-year [10] - General and administrative expenses increased by 9% to RMB 1.1 billion (US$160 million) year-over-year [11] Tax and Net Income - Income tax expense for Q3 2025 was RMB 3.3 billion (US$470 million), significantly higher than RMB 721 million in Q3 2024 [12] - Net income for Q3 2025 was RMB 19.9 billion (US$2.8 billion), compared to RMB 6.8 billion in Q3 2024 [13][14] - Non-GAAP net income attributable to shareholders was RMB 19.2 billion (US$2.7 billion) for Q3 2025, compared to RMB 6.0 billion in Q3 2024 [14] Earnings Per Share - Diluted earnings per ordinary share for Q3 2025 was RMB 28.61 (US$4.02) [15] - Non-GAAP diluted earnings per ordinary share was RMB 27.56 (US$3.87) for Q3 2025 [15] Cash Position - As of September 30, 2025, the company had cash and cash equivalents totaling RMB 107.7 billion (US$15.1 billion) [16]

Trip.com Group Limited (NASDAQ:TCOM) will release earnings results for the third quarter, after the closing bell on Monday, Nov. 17.Analysts expect the Singapore-based company to report quarterly earnings at $7.98 per share, down from $8.75 per share in the year-ago period. The consensus estimate for Trip.com's quarterly revenue is $18.21 billion. Benzinga Pro data shows $15.87 billion in quarterly revenue a year ago.On Aug. 27, Trip.com Group reported better-than-expected second-quarter EPS and sales resul ...