Trip.com (TCOM, Financial) saw a pre-market increase of 4.75% in its U.S. stock price, reaching $64.23. The company reported strong financial results for the third quarter. Total revenue was 15.9 billion yuan, marking a year-over-year increase of 15.63%, surpassing the company's previous guidance of a 13%-14% growth rate. Net revenue reached 15.873 billion yuan, a year-on-year increase of 15.52%, while net profit surged 46.59% to 6.765 billion yuan.
The company's outbound hotel and airline bookings have fully recovered to 120% of pre-pandemic levels from the same period in 2019. Additionally, Trip.com's international OTA platform recorded over 60% year-over-year growth in hotel and flight bookings. This performance highlights the company's robust recovery and expansion in international markets.
