Core Insights - Tongcheng Travel reported a revenue of Rmb4.38 billion in 1Q25, representing a 13% year-over-year increase, and an adjusted net profit of Rmb788 million, up 41% year-over-year, exceeding expectations due to a higher-than-expected core OTA operating profit margin [1] - The company raised its 2025 EPS forecast from Rmb1.38 to Rmb1.41, while maintaining forecasts for 2026 and 2027 at Rmb1.57 and Rmb1.74 respectively, and increased the target price from HK$24.8 to HK$26.5, indicating a 21% upside potential [1] Domestic Operations - In 1Q25, core OTA revenue increased by 18% year-over-year, with accommodation reservation revenue up 23% and transportation ticketing revenue rising 15% [2] - Monthly paying users (MPUs) grew by 9% year-over-year to 46.5 million, and annual paying users (APUs) increased by 8% year-over-year to 250 million, both reaching historical highs [2] - The domestic hotel take rate is expected to rise by 0.5 percentage points quarter-over-quarter to 9.5-10% in Q2, driven by reduced subsidies [2] - Hotel average daily rate (ADR) growth is anticipated to turn positive in 2Q25, with an upward trend in the proportion of three-star and above hotels on the platform [2] Outbound Travel Business - The outbound travel business is projected to turn from loss to profit in 2025, with outbound flight tickets contributing approximately 5% to transportation revenue in 1Q25 [2] - By the end of the year, outbound flight tickets and hotels are expected to contribute more than 7% to flight and hotel revenue, with the loss from outbound flight tickets decreasing quarter-over-quarter [2] Investment Outlook - The company maintains a Buy rating, reflecting optimism about the growth certainty of the online travel industry and the stability of its competitive landscape [3] - Improvements in marketing efficiency and the expansion of outbound travel are expected to enhance margins, while the hotel management business is poised to provide additional growth drivers [3]

Core Insights - Expedia Group (EXPE) reported first-quarter 2025 adjusted earnings of 40 cents per share, missing the Zacks Consensus Estimate by 4.76%, but showing a year-over-year increase of 90.5% [1] - Revenues for the quarter were $2.98 billion, a 3.4% year-over-year increase, but also missed the Zacks Consensus Estimate by 1.27% [2] - Total gross bookings rose to $31.5 billion, reflecting a 4% year-over-year increase, with B2B bookings growing significantly [3] Financial Performance - Adjusted EBITDA for the quarter was $296 million, up 16.1% year over year [4] - Adjusted EBIT decreased 65% year over year to negative $21 million [5] - Cash and cash equivalents increased to $6.1 billion from $4.5 billion since the end of 2024, while long-term debt decreased to $4.465 billion [6] Operational Highlights - B2B revenues increased by 13.7% year over year to $947 million, while B2C revenues decreased by 1.5% to $1.96 billion [2] - Lodging gross bookings grew 5% year over year to $23.03 billion, with hotel bookings climbing 6% [3] - Booked room nights rose 6% from the previous year to 107.7 million [3] Future Guidance - For Q2 2025, EXPE expects gross bookings growth in the range of 2-4% and revenue growth of 3-5% [7] - The company anticipates adjusted EBITDA margins to increase by 75-100 basis points year over year [7] - For the full year 2025, EXPE projects gross bookings and revenue growth in the 2% to 4% range [7]

QuinStreet (QNST) came out with quarterly earnings of $0.21 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this online marketing services company would post earnings of $0.21 per share when it actually produced earnings of $0.20, delivering a surprise of -4.76%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.QuinStreet ...

Matson (MATX) came out with quarterly earnings of $2.18 per share, missing the Zacks Consensus Estimate of $2.34 per share. This compares to earnings of $1.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.84%. A quarter ago, it was expected that this ocean transportation and logistics services company would post earnings of $3.20 per share when it actually produced earnings of $3.80, delivering a surprise of 18.75%.Over t ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Expedia (EXPE) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 8. On the oth ...