TRIP.COM(TCOM) - 2023 Q3 - Quarterly Report

Financial Performance - Total net revenue for the third quarter of 2023 was RMB13.7 billion (US$1.9 billion), representing a 99$637 million), significantly up from RMB245 million for the same period in 2022[9] - Adjusted EBITDA for the third quarter was RMB4.6 billion (US$634 million), with an adjusted EBITDA margin of 34$182 million), representing a 243% increase from the same period in 2022[6] - Transportation ticketing revenue for the third quarter was RMB5.4 billion (US$736 million), a 105$10.8 billion)[11] - Cash, cash equivalents, and restricted cash increased to RMB 37,761 million as of September 30, 2023, up from RMB 18,487 million as of December 31, 2022[20] - Total current assets rose to RMB 93,609 million as of September 30, 2023, compared to RMB 61,435 million as of December 31, 2022, marking a 52% increase[20] - Total liabilities increased to RMB 103,900 million as of September 30, 2023, from RMB 78,672 million as of December 31, 2022[20] - Total shareholders' equity increased to RMB 123,612 million as of September 30, 2023, from RMB 113,019 million as of December 31, 2022[20] Investment and Future Plans - Product development expenses increased by 44% to RMB3.6 billion (US$490 million) from the same period in 2022[7] - The company purchased 3.6 million ADSs for a total gross consideration of US$120 million as part of its share repurchase plan[12] - The company plans to continue expanding its market presence and investing in new technologies to enhance user experience and operational efficiency[22]