Trip.com's net profit decreases 0.81 pc

Chinese travel giant Trip.com's (9961) net profit slightly decreased 0.81 percent year-on-year to 4.28 billion yuan (HK$4.64 billion) in the first quarter of 2025 amid the resilient consumer demand.

Its adjusted net profit was 4.19 billion yuan, an increase of 3.28 percent compared to the same period last year.

The company's net revenue grew 16 percent to 13.8 billion yuan, primarily driven by stronger travel demand.

The revenue of accommodation reservation and transportation ticketing rose 23 percent and 8 percent respectively, as outbound hotel and air ticket bookings have grown to more than 120 percent of the pre-Covid level for the same period in 2019, the company said.

Its gross profit was 11.13 billion yuan, an increase of 15.1 percent

“With our diversified market presence, we are well positioned to navigate global economic uncertainties and capture growth opportunities, ”said James Liang Jianzhang, executive chairman of Trip.com.

Its share closed at HK$505.5 today, a decline of 2.22 percent after the result announcement.

Helen Zhong