Trip.com Group Clocks 86% Revenue Growth In Q2

Benzinga2021-09-24

Trip.com Group Ltd (NASDAQ:TCOM) reported second-quarter FY21 sales growth of 86% year-on-year, to RMB5.9 billion ($912 million). Net revenue for Q2 increased by 43% Q/Q.
The company attributed the higher revenue to the recovery momentum of China's domestic market.
Domestic hotel and air-ticket Gross Merchandise Value (GMV) increased 150% Y/Y. Accommodation reservation revenue rose 96% Y/Y, transportation ticketing increased 80%, packaged tour climbed 182%, and corporate travel jumped 141%.
The gross margin for the period expanded 700 basis points Y/Y to 79%. The operating margin was 5.5%, and operating income for the quarter was RMB326 million.
Adjusted EBITDA of RMB916 million ($142 million) rose 638%. It reported non-GAAP EPS of RMB1.13 ($0.18).
Trip.com Group held RMB75.4 billion in cash and equivalents as of June 30, 2021.
Price action: TCOM shares are trading lower by 0.41% at $29.2 in premarket on the last check Friday.

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Accommodation reservation revenue rose 96% Y/Y, transportation ticketing increased 80%, packaged tour climbed 182%, and corporate travel jumped 141%.</li>\n<li>The gross margin for the period expanded 700 basis points Y/Y to 79%. The operating margin was 5.5%, and operating income for the quarter was RMB326 million.</li>\n<li>Adjusted EBITDA of RMB916 million ($142 million) rose 638%. It reported non-GAAP EPS of RMB1.13 ($0.18).</li>\n<li>Trip.com Group held RMB75.4 billion in cash and equivalents as of June 30, 2021.</li>\n<li><strong>Price action:</strong> TCOM shares are trading lower by 0.41% at $29.2 in premarket on the last check Friday.</li>\n</ul>\n</body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trip.com Group Clocks 86% Revenue Growth In Q2</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrip.com Group Clocks 86% Revenue Growth In Q2\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-24 19:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/21/09/23086525/trip-com-group-clocks-86-revenue-growth-in-q2><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trip.com Group Ltd (NASDAQ:TCOM) reported second-quarter FY21 sales growth of 86% year-on-year, to RMB5.9 billion ($912 million). Net revenue for Q2 increased by 43% Q/Q.\nThe company attributed the ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/21/09/23086525/trip-com-group-clocks-86-revenue-growth-in-q2\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TCOM","symbol_name":"携程网","start_time":0,"source_url":"https://www.benzinga.com/news/earnings/21/09/23086525/trip-com-group-clocks-86-revenue-growth-in-q2","article_id":"2169618584","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2169618584","pubTimestamp":1632481655,"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"\n","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TCOM":"携程网","QTWO":"Q2 Holdings Inc"},"translate_title":"Trip.com集团第二季度收入增长86%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QTWO":1,"TCOM":0.9},"content_text":"Trip.com Group Ltd (NASDAQ:TCOM) reported second-quarter FY21 sales growth of 86% year-on-year, to RMB5.9 billion ($912 million). 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