Trip.com Reports Strong Q2 Results with Over 70% of Bookings Coming From Mobile
Trip.com reported better-than-expected second-quarter results, driven by a 6% year-over-year increase in net revenue to 15.7 billion Chinese yuan despite macroeconomic and geopolitical challenges. Adjusted earnings per share rose slightly from the previous year and exceeded analyst expectations when converted into U.S. dollars. The company attributed its strong performance partly to increased demand for travel, with many users shifting toward shorter-haul destinations due to higher long-haul costs. Over 70% of Trip.com's bookings now come from mobile devices, a new record that the company credits to improved user experience and stronger organic traffic. Inbound travel revenue grew at a high-double-digit rate year over year, with Asia-Pacific as the largest source market. The international online travel agency platform saw more than 50% growth in revenue due to higher transaction values despite elevated fuel prices. Domestic travel remained robust during key holiday periods such as Qingming and Dragon Boat Festival, while AI-assisted bookings via TripGenie surged by about 400%. Management expects underlying demand for outbound travel to recover once temporary cost pressures ease.
Tickers: $TCOM
Topics: adjusted earnings mobile bookings revenue growth travel