TRIP.COM-S (09961.HK) +3.600 (+0.825%) Short selling $278.77M; Ratio 16.681% announced the first quarter results ended March 2024. It recorded a net profit of RMB4.312 billion, up 27.8% YoY and 2.3 times QoQ, with an EPS of RMB6.62. The adjusted EBITDA for the first quarter amounted to RMB4 billion, up 42.9% YoY. The adjusted EBITDA margin was 33%, compared to 31% in the same period last year. Net revenue was RMB11.905 billion, up 29.4% YoY.
Both domestic and international businesses maintained robust growth momentum in the first quarter of 2024. The domestic hotel and air bookings each increased by over 20% year over year. The outbound hotel and air bookings both increased by over 100% year over year. The total revenue generated from the Company’s global OTA platform, Trip.com, increased by around 80% year over year.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-21 16:25.)
