US Stock Market Move | Trip.com Group Ltd. Sponsored ADR (TCOM.US) rose by 3%, with a 192.6% year-on-year increase in net profit for the third quarter.
On Tuesday, Ctrip (TCOM.US) rose 3% to $73.04.
On Tuesday, Trip.com Group Ltd. Sponsored ADR (TCOM.US) rose 3% to $73.04. According to the financial report, in the third quarter of this year, Trip.com Group Ltd. Sponsored ADR's net revenue was approximately 18.3 billion yuan, a year-on-year increase of 16%; attributable net profit was approximately 19.9 billion yuan, a year-on-year increase of 192.6%; adjusted EBITDA (profit before interest, taxes, depreciation, and amortization) was approximately 6.346 billion yuan. In the third quarter, Trip.com Group Ltd. Sponsored ADR's international OTA platform total bookings increased by approximately 60% year-on-year, with inbound travel bookings increasing by over 100%. Outbound hotel and flight bookings have surpassed pre-pandemic levels in 2019 by 140%.
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