周二，携程网(TCOM.US)涨3%，报73.04美元。财报显示，今年第三季度，携程净营业收入约183亿 元，同比增长16%；归母净利润约199亿元，同比增长192.6%；经调整EBITDA(息税折旧及摊销前利润) 约63.46亿元。第三季度携程国际OTA平台总预订同比增长约60%，其中入境旅游预订同比增长超过 100%，出境酒店和机票预订已全面超越2019年疫情前同期140%水平。 ...

Core Viewpoint - CICC forecasts Tongcheng Travel's Q3 revenue to increase by 9% year-on-year to 5.45 billion yuan, with core OTA revenue expected to rise by 14% to 4.59 billion yuan, and Non-IFRS net profit projected at 1.02 billion yuan [1] Revenue and Profit Forecast - CICC maintains its full-year 2025 revenue and profit guidance for Tongcheng Travel, expecting core OTA revenue to grow by 15% year-on-year and Non-IFRS net profit to reach 3.3 billion yuan [1] Business Segment Performance - The domestic segments of accommodation and transportation within the core OTA business show steady growth, while the overseas segment contributes additional growth [1] - Other business segments, particularly hotel management, continue to experience high growth, with the completion of the acquisition of Wanda Hotel Management expected in Q4 [1] Rating and Target Price - CICC maintains a "outperform industry" rating for Tongcheng Travel, setting a target price of 28 HKD [1]