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Dec 31, 2024
Trip.com Q4 2024 Earnings Report
Trip.com Group reported strong Q4 2024 earnings, with revenue growth driven by robust travel demand across all segments.
Key Takeaways
Trip.com Group saw significant year-over-year revenue growth of 23% in Q4 2024, reaching $1.7 billion. Net income improved to $300 million, while adjusted EBITDA reached $408 million. Revenue increases were driven by higher accommodation and transportation bookings, despite a seasonal quarter-over-quarter decline.
Q4 2024 revenue was $1.7 billion, up 23% YoY.
Net income rose to $300 million from $195 million YoY.
Adjusted EBITDA reached $408 million, showing steady growth.
International travel bookings surged, driving overall revenue increases.
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 expects continued growth in 2025, driven by international travel demand, technology investments, and an expanding customer base. However, macroeconomic uncertainties and competitive pressures remain challenges.
Positive Outlook
- Strong momentum in outbound and inbound travel bookings.
- Growing international market share across key segments.
- Continued investment in AI-driven travel solutions.
- Expansion of accommodation and transportation partnerships.
- Positive macroeconomic trends supporting travel industry growth.
Challenges Ahead
- Potential geopolitical risks affecting travel flows.
- Fluctuations in exchange rates impacting revenue.
- Rising operational and marketing expenses.
- Seasonal demand fluctuations affecting quarterly results.
- Intensifying competition in the online travel industry.
Revenue & Expenses
Visualization of income flow from segment revenue to net income