TCOM

Trip.com (TCOM) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This travel services company is expected to post quarterly earnings of $0.98 per share in its upcoming report, which represents a year-over-year change of -3%. Revenues are expected to be $2.29 billion, up 10.5% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 8.07% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Trip.com, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +7.69%. On the other hand, the stock currently carries a Zacks Rank of #5. So, this combination makes it difficult to conclusively predict that Trip.com will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Trip.com would post earnings of $0.85 per share when it actually produced earnings of $0.83, delivering a surprise of -2.35%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Trip.com doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Trip.com Group Limited Sponsored ADR (TCOM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Airbnb, Inc. (ABNB) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.2 per share. This compares to earnings of $1.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +14.17%. A quarter ago, it was expected that this company would post earnings of $0.31 per share when it actually produced earnings of $0.26, delivering a surprise of -16.13%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Airbnb, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $3.61 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.81%. This compares to year-ago revenues of $3.1 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Airbnb shares have added about 12.4% since the beginning of the year versus the S&P 500's gain of 12.8%. While Airbnb has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Airbnb was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.64 on $4.54 billion in revenues for the coming quarter and $4.93 on $13.97 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Leisure and Recreation Services is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Trip.com (TCOM), another stock in the same industry, has yet to report results for the quarter ended June 2026. This travel services company is expected to post quarterly earnings of $0.98 per share in its upcoming report, which represents a year-over-year change of -3%. The consensus EPS estimate for the quarter has been revised 8.1% lower over the last 30 days to the current level. Trip.com's revenues are expected to be $2.29 billion, up 10.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Airbnb, Inc. (ABNB) : Free Stock Analysis Report Trip.com Group Limited Sponsored ADR (TCOM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Expedia (EXPE) came out with quarterly earnings of $5.76 per share, beating the Zacks Consensus Estimate of $5.45 per share. This compares to earnings of $4.24 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.69%. A quarter ago, it was expected that this online travel company would post earnings of $1.41 per share when it actually produced earnings of $1.96, delivering a surprise of +39.01%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Expedia, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $4.32 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.13%. This compares to year-ago revenues of $3.79 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Expedia shares have added about 10.2% since the beginning of the year versus the S&P 500's gain of 13%. While Expedia has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Expedia was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $8.42 on $4.69 billion in revenues for the coming quarter and $19.90 on $16.03 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Leisure and Recreation Services is currently in the top 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Trip.com (TCOM), another stock in the same industry, has yet to report results for the quarter ended June 2026. This travel services company is expected to post quarterly earnings of $0.98 per share in its upcoming report, which represents a year-over-year change of -3%. The consensus EPS estimate for the quarter has been revised 8.1% lower over the last 30 days to the current level. Trip.com's revenues are expected to be $2.29 billion, up 10.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Expedia Group, Inc. (EXPE) : Free Stock Analysis Report Trip.com Group Limited Sponsored ADR (TCOM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Booking Holdings Inc.? Here are five stocks we like better. Booking exceeded its second-quarter guidance across room nights, gross bookings, revenue and adjusted EBITDA, with room nights up 5%, gross bookings up 9% and adjusted EBITDA reaching approximately $2.6 billion. Domestic and intraregional travel helped offset continued weakness in long-haul international demand. The company reported strong progress in its Connected Trip, loyalty and payments strategies: multi-vertical transactions grew at a low-double-digit rate, merchant bookings reached 73% of gross bookings, and higher-tier Genius members accounted for more than 30% of active customers. Booking expects third-quarter growth to moderate to 3%–5% for room nights and 4%–6% for gross bookings, revenue and adjusted EBITDA. It also raised expected annual transformation savings to $650 million and returned $4.1 billion to shareholders during the quarter, including $3.7 billion in buybacks. Trip.com’s Selloff Raises a Bigger Question About Its Travel Recovery Story Booking (NASDAQ:BKNG) said its second-quarter results exceeded the high end of its guidance across room nights, gross bookings, revenue and adjusted EBITDA, as domestic and intraregional travel demand helped offset continued pressure on long-haul international travel. President and CEO Glenn Fogel said the travel company continued to face volatility tied to the Middle East conflict, including elevated airline prices, reduced capacity on certain routes and disruptions affecting major transit corridors. However, he said travel demand remained resilient, particularly for domestic trips and travel within regions. → SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Why These 2 Hotel Stocks Are Beating Travel Peers “While long-haul international travel remained pressured by elevated airline prices and reduced capacity due to the conflict in the Middle East, domestic and intraregional travel remained relatively healthy across many parts of the world,” Fogel said. Chief Financial Officer Ewout Steenbergen said room nights increased 5% year over year, about one percentage point above the high end of the company’s outlook. Domestic room nights rose at a high-single-digit rate globally, while international room nights increased slightly. Europe room nights grew at a mid-single-digit rate, with domestic room nights up high single digits. Asia room nights grew at a mid-single-digit rate, while domestic room nights in the region increased low double digits. U.S. room nights rose high single digits, supported by domestic demand. Rest of World room nights grew mid-single digits, improving from a decline in the first quarter as bookings from Middle East travelers strengthened. → Financials Hit Record Highs as the AI Trade Unravels—Can They Keep Leading? Uber's Annual Product Showcase Reveals It Is Coming for Airbnb and Booking Gross bookings increased 9%, or about 8% on a constant-currency basis, while revenue rose 8%, or 7% on a constant-currency basis. Steenbergen said revenue growth trailed gross-bookings growth partly because elevated cancellations in March affected second-quarter revenue. Constant-currency average daily rates increased about 2%, driven primarily by pricing strength in Europe and the U.S. Booking windows and length of stay contracted modestly worldwide during the quarter, though both measures began to normalize in June. In Europe, the company’s largest region, both metrics were approximately flat for the quarter. → Why Rare Earth Processing Could Be the Real 2027 Opportunity Adjusted EBITDA totaled about $2.6 billion, up 9% from a year earlier, and adjusted EBITDA margin expanded by nearly 40 basis points. Adjusted earnings per share increased 15% to $2.54, aided by a 6% reduction in average share count, according to the company. Booking said transactions involving travelers who booked more than one travel vertical for the same trip grew at a low-double-digit rate. Such Connected Trip transactions represented a low-double-digit percentage of Booking.com’s total transactions and grew more than twice as fast as Booking.com’s overall transaction growth. The company’s merchant bookings represented about 73% of gross bookings, up roughly four percentage points year over year. Fogel described the company’s payments platform as central to the Connected Trip strategy because it can enable a more seamless experience across accommodations, flights, rental cars, attractions and other travel products. Higher-tier participants in the company’s Genius loyalty program also expanded. Genius Level 2 and Level 3 members accounted for more than 30% of active customers and a high-50% share of room nights, both higher than a year earlier. Alternative-accommodation room nights at Booking.com rose 4%, slightly below overall room-night growth. Alternative accommodations accounted for approximately 37% of Booking.com room nights, unchanged from the prior-year period. Attraction ticket sales grew at a double-digit rate, while flight tickets increased 4% amid airline capacity constraints and higher ticket prices. Fogel said the company remains focused on expanding in the U.S. and Asia. In the U.S., Booking is investing in products, supply, brand, marketing and technology, while seeking to expand its alternative-accommodation inventory. In Asia, it is combining Booking.com’s global reach with Agoda’s local expertise to develop localized products, payments and distribution capabilities. Management highlighted artificial intelligence as a strategic priority, citing uses in trip planning, customer service, software development and partner tools. Booking.com began testing an AI-powered discovery experience designed to help travelers in the inspiration stage of planning. The service combines flight pricing, traveler reviews and AI-generated destination information, including travel tips and itinerary suggestions. Priceline is rolling out the next generation of its agentic AI travel assistant, Penny, while Agoda has introduced a gallery-view feature that pairs hotel images with relevant guest reviews. Fogel said early tests of Penny’s integrated hotel checkout experience suggested a potential to improve engagement and business outcomes, though he said the company was not ready to provide specific conversion or customer-satisfaction metrics. Steenbergen said traffic from large language models remained “significantly below 1%” of room nights and had not materially changed in recent months or quarters. The company said AI-supported customer service has lowered contact rates and improved operational efficiency. Voice AI support has been scaled across the majority of eligible inbound traveler calls, while customer service cost per booking has continued to decline at a double-digit rate as overall customer satisfaction remained high. Steenbergen said AI costs are rising but remain a low-single-digit percentage of technology spending. He said Booking is using cost-aware model routing to employ less expensive models for simpler tasks and more expensive models for complex work. For the third quarter, Booking expects room nights to rise 3% to 5%, with gross bookings, revenue and adjusted EBITDA each expected to increase 4% to 6%. The outlook assumes that the indirect effects of the Middle East conflict, including higher airfares, constrained capacity and softer long-haul demand, continue through the quarter. For the full year, the company expects reported gross bookings, revenue and adjusted EBITDA to increase at high-single-digit rates, while adjusted EPS is expected to rise in the low- to mid-teens. Steenbergen said the gross-bookings outlook was reduced from the prior forecast primarily because of lower expected flight-ticket growth, while the accommodation outlook was largely unchanged. Booking increased its expected annual run-rate savings from its transformation program to about $650 million from approximately $550 million. The additional $100 million is expected to be realized primarily in 2027 and largely stems from procurement-related opportunities, Steenbergen said. During the quarter, Booking generated $3.6 billion in free cash flow and returned $4.1 billion to shareholders, including $3.7 billion in share repurchases. Its cash and investments balance rose by $1.2 billion sequentially to $17.7 billion. Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company's businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut. Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Booking Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

This article first appeared on GuruFocus. Net Revenue: RMB16.2 billion, a 17% increase year over year. Accommodation Reservation Revenue: RMB6.5 billion, a 17% increase year over year. Transportation Ticketing Revenue: RMB6.1 billion, a 12% increase year over year. Packaged Tour Revenue: RMB1.1 billion, a 19% increase year over year. Corporate Travel Revenue: RMB690 million, a 20% increase year over year. Adjusted EBITDA: RMB4.8 billion, compared to RMB4.2 billion in the same period last year. Non-GAAP Diluted Earnings per ADS: RMB5.73 or USD0.83. Cash and Cash Equivalents: RMB104.0 billion or USD15.1 billion as of March 31, 2026. Gross Bookings: Approximately RMB300 billion for the core OTA business. Inbound Travel Gross Bookings Growth: Approximately 90% year over year. International OTA Platform Gross Bookings Growth: Approximately 65% year over year. Hotel Gross Bookings for Old Friends Club: Increased by over 100% year over year. Entertainment-Driven Travel Gross Bookings Growth: 74% year over year. Is TCOM fairly valued? Test your thesis with our free DCF calculator. Release Date: June 25, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Trip.com Group Ltd (NASDAQ:TCOM) reported a 17% increase in total net revenues for Q1 2026, driven by solid travel consumption and resilient demand across segments. The company has set an ambitious goal to serve 200 million inbound travelers over the next five years, reflecting strong growth potential in the inbound travel market. Inbound travel gross bookings increased by approximately 90% year on year, with Asia as the largest source of inbound travelers. Trip.com Group Ltd (NASDAQ:TCOM) is leveraging AI to enhance customer service and operational efficiency, including AI-driven systems for faster responses and automated content tools for suppliers. The international OTA platform saw a 65% year-over-year increase in gross bookings, highlighting the strength of Trip.com Group Ltd (NASDAQ:TCOM)'s international platform capabilities. Rising energy prices and geopolitical tensions have led to higher airfares and tighter airline capacity, contributing to a moderation in air travel demand. The company is facing regulatory reviews and has had to refine business practices, which may introduce near-term impacts on financial performance. Higher airfares have reduced demand for certain long-haul routes, impacting international travel demand. The domestic train ticketing's direct contribution to overall revenue and earnings has declined, reflecting regulatory adjustments and optimization of related products. Compliance-related adjustments and evolving industry standards have introduced some short-term pressure on financial metrics. Q: Could you share more about your long-term positioning and investment plans in the AI ecosystem? How will Trip.com leverage its vertical strength to stay competitive as AI agents influence travel booking plans? A: James Liang, Co-founder & Executive Chairman: AI will enhance how travelers discover, plan, and book travel but won't replace specialized platforms. Our strategy focuses on strengthening our AI capabilities and integrating with broader AI ecosystems. We aim to simplify decision-making and reduce friction through AI, while embedding our supply into leading AI platforms to capture new demand channels. Our deep supply network and service infrastructure position us well to turn complexity into confidence. Q: Trip.com aims to attract 200 million inbound travelers over the next five years. What are the key initiatives to drive this growth and support international expansion? A: Jane Sun, CEO: Favorable national policies, such as visa-free treatment for over 80 countries, support our efforts. We engage KOLs to promote China, offer multilingual support, and connect with over 110,000 suppliers to enhance service levels. Our one-stop platform simplifies travel planning for newcomers. We hosted 20 million visitors last year and aim to host 200 million in the next five years. Q: How would you characterize the recent competitive landscape in the China OTA market, including regulatory impacts and AI-driven platforms? A: Jane Sun, CEO: The domestic OTA market focuses on service quality and user experience rather than aggressive pricing. We support compliance enhancements and embrace AI-driven interactions. Travel remains complex, requiring supply integration and reliable service, which are our core strengths. We focus on disciplined execution, compliance, and AI integration to reinforce our platform's value. Q: Could you provide updates on the ongoing regulatory review and its potential impact on your performance and outlook? A: Cindy Wang, CFO: We are cooperating with authorities and refining business practices to strengthen compliance. While adjustments may impact near-term performance, they support long-term business health. We believe a well-regulated market benefits consumers and enhances industry sustainability. Our focus remains on serving travelers and partners while creating long-term value. Q: Could you provide an update on recent booking trends and elaborate on the second-quarter guidance? What are the expectations for the summer travel season and demand trends into the second half of the year? A: Cindy Wang, CFO: We expect Q2 net revenue growth of 3% to 8% year over year. Air travel demand has softened due to higher airfares, and compliance adjustments introduce some normalization. International accommodation demand remains healthy, supported by local and short-haul travel. Inbound travel is strong, driven by favorable policies and connectivity. We maintain a prudent outlook, focusing on disciplined execution and strategic investments. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

SINGAPORE, June 24, 2026 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" or the "Company"), a leading global one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial results for the first quarter of 2026. Key Highlights for the First Quarter of 2026 and Preliminary Outlook for the Second Quarter of 2026 Trip.com Group reported solid financial results in the first quarter of 2026- Total net revenues increased by 17% year-over-year to RMB16.2 billion (US$2.4 billion), primarily driven by resilient travel demand. International business sustained robust growth across all segments in the first quarter of 2026- Gross bookings on the Company's international platform increased by approximately 65% year-over-year.- Inbound travel bookings surged by approximately 90% year-over-year. For the second quarter of 2026, the Company expects year-over-year total net revenue growth to decelerate to approximately 3%–8%, with a corresponding impact on margins and bottom-line results "Inbound travel continues to gain momentum, creating meaningful opportunities across the travel value chain and contributing to local economic development," said James Liang, Executive Chairman. "Through continued investment in technology, product innovation, and destination enablement, we help improve connectivity between global travelers and local services. We remain committed to strengthening destination readiness and ecosystem connectivity, helping unlock the full potential of inbound travel and create long-term value for all stakeholders. As travel continues to evolve, we remain optimistic about the industry's future and committed to serving as a trusted partner for its long-term development." "The travel market remained resilient in the first quarter of 2026, supported by continued growth in international travel demand and rising interest in more personalized travel experiences," said Jane Sun, Chief Executive Officer. "To meet these evolving needs, we have worked closely with local partners to make travel more accessible and seamless. Through technology, AI-powered solutions, and targeted destination initiatives, we help travelers overcome language and information barriers while enabling more suppliers to connect with global demand, including many participating in international travel for the first time. Looking ahead, we will continue to strengthen our partner ecosystem and help more destinations and suppliers benefit from the growth of international travel." First Quarter of 2026 Financial Results and Business Updates For the first quarter of 2026, Trip.com Group reported total net revenues of RMB16.2 billion (US$2.4 billion), representing a 17% increase from the same period in 2025, primarily driven by resilient travel demand. Total net revenues for the first quarter of 2026 increased by 5% from the previous quarter, primarily due to seasonality. Accommodation reservation revenue for the first quarter of 2026 was RMB6.5 billion (US$944 million), representing a 17% increase from the same period in 2025, primarily driven by an increase in accommodation reservations. Accommodation reservation revenue for the first quarter of 2026 increased by 4% from the previous quarter, primarily due to seasonality. Transportation ticketing revenue for the first quarter of 2026 was RMB6.1 billion (US$877 million), representing a 12% increase from the same period in 2025, primarily driven by an increase in transportation reservations. Transportation ticketing revenue for the first quarter of 2026 increased by 13% from the previous quarter, primarily due to seasonality. Packaged-tour revenue for the first quarter of 2026 was RMB1.1 billion (US$164 million), representing a 19% increase from the same period in 2025, primarily driven by an increase in packaged-tour reservations. Packaged-tour revenue for the first quarter of 2026 increased by 7% from the previous quarter, primarily due to seasonality. Corporate travel revenue for the first quarter of 2026 was RMB690 million (US$100 million), representing a 20% increase from the same period in 2025, primarily driven by an increase in corporate travel reservations. Corporate travel revenue for the first quarter of 2026 decreased by 15% from the previous quarter, primarily due to seasonality. Cost of revenue for the first quarter of 2026 increased by 23% to RMB3.3 billion (US$483 million) from the same period in 2025 and increased by 3% from the previous quarter, which was generally in line with the fluctuations in total net revenues from the respective periods. Cost of revenue as a percentage of total net revenues was 21% for the first quarter of 2026. Product development expenses for the first quarter of 2026 increased by 15% to RMB4.1 billion (US$589 million) from the same period in 2025 and increased by 1% from the previous quarter, primarily due to the increase in product development personnel related expenses. Product development expenses as a percentage of total net revenues were 25% for the first quarter of 2026. Sales and marketing expenses for the first quarter of 2026 increased by 25% to RMB3.7 billion (US$543 million) from the same period in 2025 and decreased by 15% from the previous quarter, primarily due to the fluctuations in expenses relating to sales and marketing promotion activities. Sales and marketing expenses as a percentage of total net revenues were 23% for the first quarter of 2026. General and administrative expenses for the first quarter of 2026 increased by 8% to RMB1.1 billion (US$163 million) from the same period in 2025 and decreased by 6% from the previous quarter. General and administrative expenses as a percentage of total net revenues were 7% for the first quarter of 2026. Income tax expense for the first quarter of 2026 was RMB893 million (US$129 million), compared to RMB638 million for the same period in 2025 and RMB835 million for the previous quarter. The change in Trip.com Group's effective tax rate was primarily due to the combined impacts of changes in respective profitability of its subsidiaries with different tax rates, changes in deferred tax liabilities relating to withholding tax, certain non-taxable income or loss resulting from the fair value changes in equity securities investments and exchangeable senior notes recorded in other income, and changes in valuation allowance provided for deferred tax assets. Net income for the first quarter of 2026 was RMB2.5 billion (US$367 million), compared to RMB4.3 billion for the same period in 2025 and RMB4.3 billion for the previous quarter. Adjusted EBITDA for the first quarter of 2026 was RMB4.8 billion (US$701 million), compared to RMB4.2 billion for the same period in 2025 and RMB3.4 billion for the previous quarter. Net income attributable to Trip.com Group's shareholders for the first quarter of 2026 was RMB2.5 billion (US$363 million), compared to RMB4.3 billion for the same period in 2025 and RMB4.3 billion for the previous quarter. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income, and their tax effects, non-GAAP net income attributable to Trip.com Group's shareholders for the first quarter of 2026 was RMB3.9 billion (US$568 million), compared to RMB4.2 billion for the same period in 2025 and RMB3.5 billion for the previous quarter. Diluted earnings per ordinary share and per ADS was RMB3.67 (US$0.53) for the first quarter of 2026. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income, and their tax effects, non-GAAP diluted earnings per ordinary share and per ADS was RMB5.73 (US$0.83) for the first quarter of 2026. Each ADS currently represents one ordinary share of the Company. As of March 31, 2026, the balance of cash and cash equivalents, restricted cash, short-term investment, and held to maturity time deposit and financial products was RMB104.0 billion (US$15.1 billion). Recent Development The Company is and has been the subject of investigations or inquiries by national authorities regarding competition law matters, consumer protection issues, and other areas. While the Company is unable to predict the outcome of any current or future investigations, litigation or inquiries, it remains focused on maintaining robust compliance and governance standards. In January 2026, the Company received a notice of investigation from the State Administration for Market Regulation ("SAMR") that it had commenced an investigation into whether the Company has abused or is abusing a dominant market position to engage in monopolistic conduct pursuant to the PRC Anti-Monopoly Law. As of the date of this press release, the Company is fully cooperating with the SAMR in its ongoing investigation, including by actively providing supplementary information and documentation, and will continue to engage constructively with the SAMR on compliance with regulatory requirements. Although the Company is currently unable to predict the timing, outcome or consequences of the investigation, or estimate the possible loss, that may be associated with it, the Company will continue to monitor developments closely. The SAMR's investigation findings could directly result in a significant fine, other financial penalties and/or changes to the Company's business practices and may have a material adverse effect on the Company's consolidated financial position, results of operations, or cash flows. The Company remains committed to continuously reviewing its business practices while providing high-quality products and services to users and partners worldwide. Business Outlook For the second quarter of 2026, the Company expects net revenue to grow by approximately 3%–8% year -over-year. Compared with the first quarter, the slower pace of growth is expected to have a corresponding impact on margins and bottom-line results. This reflects direct and indirect impacts from macro headwinds such as elevated energy pricing and geopolitical volatility, alongside operational adjustments the Company implemented to align with evolving industry standards and compliance frameworks. This forecast represents Trip.com Group's current and preliminary view based on the information available to it as of the date of this press release, and is subject to change and may be different from the second quarter financial results to be published in-due-course. Conference Call Trip.com Group's management team will host a conference call at 8:00 PM on June 24, 2026, U.S. Eastern Time (or 8:00 AM on June 25, 2026, Hong Kong Time) following this announcement. The conference call will be available live on Webcast and for replay at: https://investors.trip.com. The call will be archived for twelve months on our website. All participants must pre-register to join this conference call using the Participant Registration link below:https://register-conf.media-server.com/register/BI474cf1d2cafe4883828d22dcfc4b7d15. Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "may," "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," "is/are likely to," "confident," or other similar statements. Among other things, quotations from management in this press release, as well as Trip.com Group's strategic and operational plans, contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, severe or prolonged downturn in the global or Chinese economy, general declines or disruptions in the travel industry, volatility in the trading price of Trip.com Group's ADSs or shares, Trip.com Group's reliance on its relationships and contractual arrangements with travel suppliers and strategic alliances, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in the relevant jurisdictions where Trip.com Group operates, failure to successfully develop Trip.com Group's existing or future business lines, damage to or failure of Trip.com Group's infrastructure and technology, loss of services of Trip.com Group's key executives, adverse changes in economic and business conditions in the relevant jurisdictions where Trip.com Group operates, any regulatory developments in laws, regulations, rules, policies or guidelines applicable to Trip.com Group, any investigation, enforcement or legal/administrative proceeding against Trip.com Group in connection with its business operation and other risks outlined in Trip.com Group's filings with the U.S. Securities and Exchange Commission or the Stock Exchange of Hong Kong Limited. All information provided in this press release and in the attachments is as of the date of the issuance, and Trip.com Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law. About Non-GAAP Financial Measures To supplement Trip.com Group's consolidated financial statements, which are prepared and presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), Trip.com Group uses non-GAAP financial information related to adjusted net income attributable to Trip.com Group Limited, adjusted EBITDA, adjusted EBITDA margin, and adjusted diluted earnings per ordinary share and per ADS, each of which is adjusted from the most comparable GAAP result to exclude the share-based compensation charges that are not tax deductible, fair value changes of equity securities investments and exchangeable senior notes recorded in other income, net of tax, and other applicable items. Trip.com Group's management believes the non-GAAP financial measures facilitate better understanding of operating results from quarter to quarter and provide management with a better capability to plan and forecast future periods. Non-GAAP information is not prepared in accordance with GAAP, does not have a standardized meaning under GAAP, and may be different from non-GAAP methods of accounting and reporting used by other companies. The presentation of this additional information should not be considered a substitute for GAAP results. A limitation of using non-GAAP financial measures is that non-GAAP measures exclude share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income, and their tax effects that have been and will continue to be significant recurring expenses in Trip.com Group's business for the foreseeable future. Reconciliations of Trip.com Group's non-GAAP financial data to the most comparable GAAP data included in the consolidated statement of operations are included at the end of this press release. About Trip.com Group Limited Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) is a leading global one-stop travel platform, integrating a comprehensive suite of travel products and services and differentiated travel content. It is the go-to destination for many travelers in Asia, and increasingly for travelers around the world, to explore travel, get inspired, make informed and cost-effective travel bookings, enjoy hassle-free on-the-go support, and share travel experience. Founded in 1999 and listed on Nasdaq in 2003 and HKEX in 2021, the Company currently operates under a portfolio of brands, including Ctrip, Qunar, Trip.com, and Skyscanner, with the mission "to pursue the perfect trip for a better world." For further information, please contact: Investor RelationsTrip.com Group Limited Email: [email protected] View original content:https://www.prnewswire.com/news-releases/tripcom-group-limited-reports-unaudited-first-quarter-of-2026-financial-results-302809167.html