TRIP.COM(US:TCOM)2025-05-19 22:00Financial Performance - Trip.com Group reported net revenue of RMB13.8 billion (US$1.9 billion) for Q1 2025, a 16% increase year-over-year and a 9% increase from the previous quarter[4]. - Total revenue for the quarter ended March 31, 2025, was RMB 13,850 million, representing a 16% increase from RMB 11,921 million in the same quarter of 2024[31]. - Net income for Q1 2025 was RMB4.3 billion (US$596 million), unchanged from Q1 2024 and up from RMB2.2 billion in the previous quarter[15]. - Net income attributable to Trip.com Group Limited for the quarter ended March 31, 2025, was RMB 4,277 million, compared to RMB 4,312 million in the same quarter of 2024, reflecting a slight decrease of 1%[33]. - Adjusted EBITDA for the quarter ended March 31, 2025, was RMB 4,247 million, with an adjusted EBITDA margin of 31%[33]. - Gross profit for the quarter ended March 31, 2025, was RMB 11,125 million, up from RMB 9,667 million in the same quarter of 2024, indicating a growth of 15%[31]. - The company reported a basic earnings per share of 6.48 for the quarter ended March 31, 2025, compared to 6.62 in the same quarter of 2024[31]. - Non-GAAP diluted income per share for the quarter ended March 31, 2025, was 5.96, compared to 6.00 in the same quarter of 2024[33]. Revenue Breakdown - Accommodation reservation revenue reached RMB5.5 billion (US$764 million), marking a 23% increase from Q1 2024 and a 7% increase from the previous quarter[5]. - Transportation ticketing revenue was RMB5.4 billion (US$747 million), an 8% increase from Q1 2024 and a 13% increase from the previous quarter[7]. - Packaged-tour revenue grew to RMB947 million (US$131 million), a 7% increase from the same period in 2024 and a 9% increase from the previous quarter[8]. - The company experienced a significant increase in transportation ticketing revenue, reaching RMB 5,418 million for the quarter ended March 31, 2025, up from RMB 5,000 million in the same quarter of 2024[31]. - International OTA platform reservations increased by over 60% year-over-year, with inbound travel bookings surging by around 100% year-over-year[6]. Expenses and Investments - Product development expenses increased by 13% to RMB3.5 billion (US$486 million), representing 25% of net revenue[11]. - Sales and marketing expenses rose by 30% to RMB3.0 billion (US$413 million), accounting for 22% of net revenue[12]. - Operating expenses for the quarter ended March 31, 2025, totaled RMB 7,562 million, a decrease of 1% from RMB 7,803 million in the previous quarter[31]. Cash and Shareholder Returns - As of March 31, 2025, cash and cash equivalents totaled RMB92.9 billion (US$12.8 billion)[18]. - The company repurchased 1.6 million ADSs for a total gross consideration of US$84 million as part of its capital return policy[19]. Other Financial Metrics - Interest income for the quarter ended March 31, 2025, was RMB 640 million, an increase from RMB 592 million in the same quarter of 2024[33]. - The weighted average diluted shares outstanding for the quarter ended March 31, 2025, was 702,144,923[33].