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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
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