US Stock Market Move | Third-quarter revenue growth exceeds guidance. Trip.com Group Ltd. Sponsored ADR (TCOM.US) rose nearly 5% in pre-market trading.

19/11/2024

GMT Eight

On Tuesday, Trip.com Group Ltd. Sponsored ADR (TCOM.US) rose 4.75% in pre-market trading to $64.23. In terms of news, Trip.com Group Ltd. Sponsored ADR reported total revenue of 15.9 billion yuan in the third quarter, a 15.63% increase compared to the same period last year, exceeding the company's earlier guidance of 13%-14% growth. Net revenue was 15.873 billion yuan, up 15.52%, with a net profit of 6.765 billion yuan, an increase of 46.59%. In the third quarter, Trip.com Group Ltd. Sponsored ADR's outbound hotel and flight bookings have fully recovered to 120% of pre-pandemic levels in 2019, with international OTA platform hotel and flight bookings showing a year-on-year growth of over 60%.

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US Stock Market Move | Third-quarter revenue growth exceeds guidance. Trip.com Group Ltd. Sponsored ADR (TCOM.US) rose nearly 5% in pre-market trading.

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