Ge Long Hui·2026-02-25 23:01Group 1: Quarterly Performance - In Q4 2025, Ctrip Group's net operating revenue reached 15.4 billion RMB (2.2 billion USD), a year-on-year increase of 21%, driven by resilient travel demand [1] - Accommodation booking revenue in Q4 2025 was 6.3 billion RMB (899 million USD), also up 21% year-on-year, attributed to growth in accommodation bookings [1] - Transportation ticketing revenue for Q4 2025 was 5.4 billion RMB (768 million USD), reflecting a 12% year-on-year increase, mainly due to growth in ticket bookings [1] - Revenue from vacation services in Q4 2025 was 1.1 billion RMB (151 million USD), up 21% year-on-year, driven by increased vacation bookings [1] - Business travel management revenue in Q4 2025 was 880 million RMB (116 million USD), a 15% year-on-year increase and a 7% quarter-on-quarter increase, due to growth in business travel orders [1] Group 2: Annual Performance - For the full year 2025, net operating revenue totaled 62.4 billion RMB (8.9 billion USD), a 17% year-on-year increase [2] - Accommodation booking revenue for the full year 2025 was 26.1 billion RMB (3.7 billion USD), up 21% year-on-year, accounting for 42% of total revenue [2] - Transportation ticketing revenue for the full year 2025 reached 22.5 billion RMB (3.2 billion USD), a year-on-year increase of 11%, representing 36% of total revenue [2] - Vacation services revenue for the full year 2025 was 4.7 billion RMB (670 million USD), an 8% year-on-year increase, making up 7% of total revenue [2] - Business travel management revenue for the full year 2025 was 2.8 billion RMB (450 million USD), a 13% year-on-year increase, contributing 5% to total revenue [2] Group 3: Profitability - The net profit attributable to Ctrip Group shareholders for the full year 2025 was 33.3 billion RMB (4.8 billion USD), compared to 17.1 billion RMB in 2024, primarily due to investment gains included in other income totaling 19.9 billion RMB (2.8 billion USD) [3] - Excluding stock-based compensation and certain investment-related gains, the adjusted net profit for 2025 was 31.8 billion RMB (4.6 billion USD), up from 18 billion RMB in 2024 [3] - The increase in adjusted net profit was mainly driven by other investment-related gains of 15.9 billion RMB (2.3 billion USD) in 2025, compared to 61 million RMB in the same period of 2024 [3]