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Mar 31
Trip.com Q1 2025 Earnings Report
Trip.com reported strong financial performance with double-digit revenue growth and robust profitability in Q1 2025.
Key Takeaways
Trip.com Group posted a solid Q1 2025, achieving $1.91 billion in revenue and $596 million in net income, driven by a surge in international travel demand and strong platform performance across accommodation and transportation segments.
Total revenue reached $1.91 billion, up from $1.59 billion a year ago.
Net income remained stable YoY at $596 million, with improved profitability QoQ.
Adjusted EBITDA rose to $586 million, reflecting healthy margins.
Outbound hotel and air ticket bookings exceeded 120% of pre-COVID levels.
Trip.com
Trip.com
Trip.com Revenue by Segment
Revenue by Segment
Accommodation Revenue
CapyFin.comTransportation Revenue
CapyFin.comPackaged Tours Revenue
CapyFin.comCorporate Travel Revenue
CapyFin.comOther Services Revenue
CapyFin.com Forward Guidance
Trip.com remains optimistic about sustained travel demand, backed by favorable policies and rising outbound travel volumes.
Positive Outlook
- Strong momentum in international outbound travel.
- High demand across accommodation and transportation segments.
- Resilient consumer demand post-pandemic.
- Localized and customer-centric product development strategy.
- Well-diversified global presence reducing regional risk.
Challenges Ahead
- Seasonality impacted corporate travel revenue QoQ.
- Higher sales and marketing expenses YoY.
- Continued fluctuation in tax rates due to deferred liabilities.
- Exchange rate sensitivity affecting international reporting.
- Potential global economic uncertainties may impact future growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income