SHANGHAI, Sept. 4, 2023 /PRNewswire/ -- Trip.com Group
Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" or the
"Company"), a leading one-stop travel service provider of
accommodation reservation, transportation ticketing, packaged
tours, and corporate travel management, today announced its
unaudited financial results for the second quarter and first half
of 2023.
Key Highlights for the Second Quarter of 2023
- Domestic and international business continued to show robust
recovery in the second quarter of 2023
- Domestic hotel bookings grew by 170% year over
year and by over 60% compared to the pre-COVID level for the same
period in 2019.
- Outbound hotel and air reservations recovered to over 60% of the
pre-COVID level for the same period in 2019, surpassing the
industry-wide recovery rate of 37% in terms of international air
passenger volume for the same period.
- Air ticket bookings on the Company's global OTA platform grew by
over 120% year over year and nearly doubled compared to the
pre-COVID level for the same period in 2019.
- The Company delivered strong results in the second quarter
of 2023
- Total net revenue increased by 180% year over
year and exceeded the pre-COVID level for the same period in 2019
by 29%.
- Net income for the second quarter was RMB648 million (US$91
million), which improved from RMB43
million for the same period in 2022.
- Adjusted EBITDA for the second quarter was RMB3.7 billion (US$507
million). Adjusted EBITDA margin was 33%, compared to 9% for
the same period in 2022 and 31% for the previous quarter.
"During the second quarter of 2023, the demand for both domestic
and international travel remained resilient." said James Liang, Executive Chairman. "Despite
limited air capacity recovery, the robust rebound of travel
activities reflects travelers' strong desire to explore the world.
We remain optimistic about the enduring demand for travel and the
long-term market outlook."
"We are encouraged by our solid results in the second quarter,"
said Jane Sun, Chief Executive
Officer. "With the thriving market demand and our outstanding
performance, we are poised to take the lead in driving the
industry's recovery and actively creating an abundance of job
opportunities alongside our esteemed business partners."
Second Quarter of 2023 Financial Results and
Business Updates
The Company's business continued to recover significantly since
the pent-up demand for travel remains strong, which led to an
increasing volume of travel bookings.
For the second quarter of 2023, Trip.com Group reported net
revenue of RMB11.2 billion
(US$1.6 billion), representing a 180%
increase from the same period in 2022 and a 22% increase from the
previous quarter, primarily due to the substantial recovery of
travel market.
Accommodation reservation revenue for the second quarter of 2023
was RMB4.3 billion (US$591 million), representing a 216% increase
from the same period in 2022 and a 23% increase from the previous
quarter, primarily due to the substantial recovery of travel
market.
Transportation ticketing revenue for the second quarter of
2023 was RMB4.8 billion
(US$664 million), representing a 173%
increase from the same period in 2022 and a 16% increase from the
previous quarter, primarily due to the substantial recovery of
travel market.
Packaged-tour revenue for the second quarter of 2023 was
RMB722 million (US$100 million), representing a 492%
increase from the same period in 2022 and an 87% increase from the
previous quarter, primarily due to the substantial recovery of
travel market.
Corporate travel revenue for the second quarter of 2023 was
RMB584 million (US$81 million),
representing a 178% increase from the same period in 2022 and
a 31% increase from the previous quarter, primarily due to the
substantial recovery of travel market.
Cost of revenue for the second quarter of 2023 increased by
106% to RMB2.0 billion (US$277 million) from the same period in 2022 and
increased by 23% from the previous quarter, primarily due to the
substantial recovery of travel market. Cost of revenue as a
percentage of net revenue was 18% for the second quarter of
2023.
Product development expenses for the second quarter of
2023 increased by 67% to RMB3.0 billion (US$407 million) from the same period in 2022 and
increased by 10% from the previous quarter, primarily due to an
increase in product development personnel related expenses. Product
development expenses as a percentage of net revenue was 26%
for the second quarter of 2023.
Sales and marketing expenses for the second quarter of 2023
increased by 185% to RMB2.4 billion
(US$325 million) from the same period
in 2022 and increased by 34% from the previous quarter, primarily
due to an increase in expenses relating to sales and marketing
promotion activities. Sales and marketing expenses as a percentage
of net revenue was 21% for the second quarter of 2023.
General and administrative expenses for the second quarter of
2023 increased by 58% to RMB955
million (US$132 million) from the same period in 2022
primarily due to an increase in general and administrative
personnel related expenses and increased by 7% from the previous
quarter. General and administrative expenses as a percentage of net
revenue was 8% for the second quarter of 2023.
Income tax expense for the second quarter of 2023 was
RMB562 million (US$77 million), compared to RMB173 million for the same period in 2022 and
RMB341 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, certain
non-taxable income or loss resulting from the fair value changes in
equity securities investments and exchangeable senior notes, and
changes in valuation allowance provided for deferred tax
assets.
Net income for the second quarter of 2023 was RMB648 million (US$91
million), compared to RMB43
million for the same period in 2022 and RMB3.4 billion for the previous quarter. Adjusted
EBITDA for the second quarter of 2023 was RMB3.7 billion (US$507 million),
compared to RMB355 million for the
same period in 2022 and RMB2.8
billion for the previous quarter. Adjusted EBITDA margin was
33% for the second quarter of 2023, compared to 9% for the same
period in 2022 and 31% for the previous quarter.
Net income attributable to Trip.com Group's shareholders for the
second quarter of 2023 was RMB631
million (US$89 million),
compared to RMB69 million for the
same period in 2022 and RMB3.4
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/(expense) and their tax effects, non-GAAP net income
attributable to Trip.com Group's shareholders for the second
quarter of 2023 was RMB3.4 billion
(US$475 million), compared to
non-GAAP net loss attributable to Trip.com Group's shareholders of
RMB203 million for the same period in
2022 and non-GAAP net income attributable to Trip.com Group's
shareholders of RMB2.1 billion for
the previous quarter.
Diluted earnings per ordinary share and per ADS was RMB0.94 (US$0.13) for the second quarter of
2023. Excluding share-based compensation charges, fair value
changes of equity securities investments and exchangeable senior
notes and their tax effects, non-GAAP diluted earnings per ordinary
share and per ADS was RMB5.11 (US$0.70) for the second quarter of
2023. Each ADS currently represents one ordinary share of the
Company.
As of June 30, 2023, the balance
of cash and cash equivalents, restricted cash, short-term
investment, held to maturity time deposit and financial products
was RMB75.0 billion (US$10.3 billion).
Conference Call
Trip.com Group's management team will host a conference call at
8:00 PM EST on September 4, 2023 (or 8:00
AM CST on September 5, 2023)
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.vevent.com/register/BI90bc7b46919e4b55a896bf30b59d4a4a
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, the impact of COVID-19 to Trip.com Group's business
operations, adverse changes in economic and political policies of
the PRC government, inflation in China, risks and uncertainties associated with
PRC laws and regulations with respect to the ownership structure of
the variable interest entities and the contractual arrangements
among Trip.com Group, the variable interest entities and their
shareholders, 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, 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 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 travelers in China, 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 Relations
Trip.com Group Limited
Tel: +86 (21) 3406-4880 X 12229
Email: iremail@trip.com
Trip.com Group Limited
|
|
Unaudited Consolidated Balance
Sheets
|
|
(In millions, except share and per share
data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2022
|
|
June 30, 2023
|
|
June 30, 2023
|
|
|
RMB (million)
|
RMB (million)
|
USD (million)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
|
|
Cash, cash equivalents
and restricted cash
|
|
18,487
|
|
36,843
|
|
5,080
|
|
|
Short-term
investments
|
|
25,545
|
|
18,532
|
|
2,556
|
|
|
Accounts receivable,
net
|
|
5,486
|
|
10,689
|
|
1,474
|
|
|
Prepayments and other
current assets
|
|
11,917
|
|
17,028
|
|
2,348
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
61,435
|
|
83,092
|
|
11,458
|
|
|
|
|
|
|
|
|
|
|
|
Property, equipment and
software
|
|
5,204
|
|
5,192
|
|
716
|
|
|
Intangible assets and
land use rights
|
|
12,825
|
|
12,738
|
|
1,757
|
|
|
Right-of-use
asset
|
|
819
|
|
715
|
|
99
|
|
|
Investments (Includes
held to maturity time deposit and
financial products of RMB15,527 million and RMB19,581
million as of December 31,2022 and June 30, 2023,
respectively)
|
|
50,177
|
|
54,757
|
|
7,551
|
|
|
Goodwill
|
|
59,337
|
|
59,382
|
|
8,189
|
|
|
Other long-term
assets
|
|
570
|
|
624
|
|
86
|
|
|
Deferred tax
asset
|
|
1,324
|
|
1,716
|
|
237
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
191,691
|
|
218,216
|
|
30,093
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
Short-term debt and
current portion of long-term debt
|
|
32,674
|
|
32,414
|
|
4,470
|
|
|
Accounts
payable
|
|
7,569
|
|
14,729
|
|
2,031
|
|
|
Advances from
customers
|
|
8,278
|
|
13,505
|
|
1,862
|
|
|
Other current
liabilities
|
|
12,718
|
|
15,029
|
|
2,073
|
|
|
Total current liabilities
|
|
61,239
|
|
75,677
|
|
10,436
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax
liability
|
|
3,487
|
|
3,647
|
|
503
|
|
|
Long-term
debt
|
|
13,177
|
|
19,697
|
|
2,716
|
|
|
Long-term lease
liability
|
|
534
|
|
484
|
|
67
|
|
|
Other long-term
liabilities
|
|
235
|
|
310
|
|
43
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities
|
|
78,672
|
|
99,815
|
|
13,765
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Trip.com Group Limited shareholders'
equity
|
|
112,283
|
|
117,649
|
|
16,224
|
|
|
|
|
|
|
|
|
|
|
|
Non-controlling
interests
|
|
736
|
|
752
|
|
104
|
|
|
|
|
|
|
|
|
|
|
|
Total shareholders' equity
|
|
113,019
|
|
118,401
|
|
16,328
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and shareholders'
equity
|
|
191,691
|
|
218,216
|
|
30,093
|
|
|
|
|
|
|
|
|
|
|
Trip.com Group Limited
|
|
Unaudited Consolidated Statements of
Income/(Loss)
|
(In millions, except share and per share
data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
June 30, 2022
|
|
March 31, 2023
|
|
June 30, 2023
|
|
June 30, 2023
|
|
June 30, 2022
|
|
June 30, 2023
|
|
June 30, 2023
|
|
|
RMB (million)
|
|
RMB (million)
|
|
RMB (million)
|
|
USD (million)
|
|
RMB (million)
|
|
RMB (million)
|
|
USD (million)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accommodation
reservation
|
|
1,357
|
|
3,480
|
|
4,285
|
|
591
|
|
2,807
|
|
7,765
|
|
1,071
|
|
|
Transportation
ticketing
|
|
1,763
|
|
4,156
|
|
4,814
|
|
664
|
|
3,426
|
|
8,970
|
|
1,237
|
|
|
Packaged-tour
|
|
122
|
|
386
|
|
722
|
|
100
|
|
246
|
|
1,108
|
|
153
|
|
|
Corporate
travel
|
|
210
|
|
445
|
|
584
|
|
81
|
|
432
|
|
1,029
|
|
142
|
|
|
Others
|
|
564
|
|
744
|
|
857
|
|
118
|
|
1,216
|
|
1,601
|
|
221
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue
|
|
4,016
|
|
9,211
|
|
11,262
|
|
1,554
|
|
8,127
|
|
20,473
|
|
2,824
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less: Sales tax and
surcharges
|
|
(5)
|
|
(13)
|
|
(15)
|
|
(2)
|
|
(7)
|
|
(28)
|
|
(4)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue
|
|
4,011
|
|
9,198
|
|
11,247
|
|
1,552
|
|
8,120
|
|
20,445
|
|
2,820
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenue
|
|
(976)
|
|
(1,637)
|
|
(2,007)
|
|
(277)
|
|
(2,043)
|
|
(3,644)
|
|
(502)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
3,035
|
|
7,561
|
|
9,240
|
|
1,275
|
|
6,077
|
|
16,801
|
|
2,318
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product development
*
|
|
(1,772)
|
|
(2,674)
|
|
(2,953)
|
|
(407)
|
|
(3,746)
|
|
(5,627)
|
|
(776)
|
|
|
Sales and marketing
*
|
|
(826)
|
|
(1,755)
|
|
(2,355)
|
|
(325)
|
|
(1,669)
|
|
(4,110)
|
|
(567)
|
|
|
General and
administrative *
|
|
(604)
|
|
(891)
|
|
(955)
|
|
(132)
|
|
(1,188)
|
|
(1,846)
|
|
(255)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating expenses
|
|
(3,202)
|
|
(5,320)
|
|
(6,263)
|
|
(864)
|
|
(6,603)
|
|
(11,583)
|
|
(1,598)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/income from operations
|
|
(167)
|
|
2,241
|
|
2,977
|
|
411
|
|
(526)
|
|
5,218
|
|
720
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
income
|
|
544
|
|
441
|
|
513
|
|
71
|
|
1,135
|
|
954
|
|
132
|
|
|
Interest
expense
|
|
(351)
|
|
(486)
|
|
(555)
|
|
(77)
|
|
(692)
|
|
(1,041)
|
|
(144)
|
|
|
Other
income/(expense)
|
|
469
|
|
1,652
|
|
(1,961)
|
|
(270)
|
|
(238)
|
|
(309)
|
|
(43)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income/(loss) before income
tax expense and equity in
income of affiliates
|
|
495
|
|
3,848
|
|
974
|
|
135
|
|
(321)
|
|
4,822
|
|
665
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
|
(173)
|
|
(341)
|
|
(562)
|
|
(77)
|
|
(159)
|
|
(903)
|
|
(124)
|
|
|
Equity in (loss)/gain
of affiliates
|
|
(279)
|
|
(133)
|
|
236
|
|
33
|
|
(478)
|
|
103
|
|
14
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(loss)
|
|
43
|
|
3,374
|
|
648
|
|
91
|
|
(958)
|
|
4,022
|
|
555
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss/(income)
attributable to non-
controlling interests
|
|
26
|
|
1
|
|
(17)
|
|
(2)
|
|
38
|
|
(16)
|
|
(2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(loss) attributable
to Trip.com Group Limited
|
|
69
|
|
3,375
|
|
631
|
|
89
|
|
(920)
|
|
4,006
|
|
553
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings/(losses) per
ordinary share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- Basic
|
|
0.10
|
|
5.18
|
|
0.97
|
|
0.13
|
|
(1.42)
|
|
6.14
|
|
0.85
|
|
|
- Diluted
|
|
0.10
|
|
5.02
|
|
0.94
|
|
0.13
|
|
(1.42)
|
|
5.98
|
|
0.82
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings/(losses) per
ADS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- Basic
|
|
0.10
|
|
5.18
|
|
0.97
|
|
0.13
|
|
(1.42)
|
|
6.14
|
|
0.85
|
|
|
- Diluted
|
|
0.10
|
|
5.02
|
|
0.94
|
|
0.13
|
|
(1.42)
|
|
5.98
|
|
0.82
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
ordinary shares outstanding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- Basic
|
|
647,866,001
|
|
651,849,468
|
|
653,392,956
|
|
653,392,956
|
|
647,843,829
|
|
652,625,256
|
|
652,625,256
|
|
|
- Diluted
|
|
650,906,465
|
|
672,743,729
|
|
671,942,381
|
|
671,942,381
|
|
647,843,829
|
|
670,838,392
|
|
670,838,392
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Share-based
compensation included in Operating expenses above is as
follows:
|
|
Product
development
|
|
146
|
|
179
|
|
234
|
|
32
|
|
253
|
|
413
|
|
57
|
|
|
Sales and
marketing
|
|
28
|
|
31
|
|
44
|
|
6
|
|
46
|
|
75
|
|
10
|
|
|
General and
administrative
|
|
130
|
|
168
|
|
219
|
|
30
|
|
228
|
|
387
|
|
53
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trip.com Group Limited
|
Unaudited Reconciliation of GAAP and Non-GAAP
Results
|
(In millions, except %, share and per share
data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
June 30, 2022
|
|
March 31, 2023
|
|
June 30, 2023
|
|
June 30, 2023
|
|
June 30, 2022
|
|
June 30, 2023
|
|
June 30, 2023
|
|
|
RMB (million)
|
|
RMB (million)
|
|
RMB (million)
|
|
USD (million)
|
|
RMB (million)
|
|
RMB (million)
|
|
USD (million)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(loss)
|
|
43
|
|
3,374
|
|
648
|
|
91
|
|
(958)
|
|
4,022
|
|
555
|
|
|
Less: Interest
income
|
|
(544)
|
|
(441)
|
|
(513)
|
|
(71)
|
|
(1,135)
|
|
(954)
|
|
(132)
|
|
|
Add: Interest
expense
|
|
351
|
|
486
|
|
555
|
|
77
|
|
692
|
|
1,041
|
|
144
|
|
|
Add: Other
(income)/expense
|
|
(469)
|
|
(1,652)
|
|
1,961
|
|
270
|
|
238
|
|
309
|
|
43
|
|
|
Add: Income tax
expense
|
|
173
|
|
341
|
|
562
|
|
77
|
|
159
|
|
903
|
|
124
|
|
|
Add: Equity in
loss/(income) of affiliates
|
|
279
|
|
133
|
|
(236)
|
|
(33)
|
|
478
|
|
(103)
|
|
(14)
|
|
|
(Loss)/income from operations
|
|
(167)
|
|
2,241
|
|
2,977
|
|
411
|
|
(526)
|
|
5,218
|
|
720
|
|
|
Add: Share-based
compensation
|
|
304
|
|
378
|
|
497
|
|
68
|
|
527
|
|
875
|
|
120
|
|
|
Add: Depreciation and
amortization
|
|
218
|
|
201
|
|
204
|
|
28
|
|
445
|
|
405
|
|
56
|
|
|
Adjusted EBITDA
|
|
355
|
|
2,820
|
|
3,678
|
|
507
|
|
446
|
|
6,498
|
|
896
|
|
|
Adjusted EBITDA
margin
|
|
9 %
|
|
31 %
|
|
33 %
|
|
33 %
|
|
5 %
|
|
32 %
|
|
32 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(loss) attributable to Trip.com Group
Limited
|
|
69
|
|
3,375
|
|
631
|
|
89
|
|
(920)
|
|
4,006
|
|
553
|
|
|
Add: Share-based
compensation
|
|
304
|
|
378
|
|
497
|
|
68
|
|
527
|
|
875
|
|
120
|
|
|
Add: (Gain)/loss from
fair value changes of equity securities
investments and exchangeable senior notes
|
|
(668)
|
|
(1,648)
|
|
2,351
|
|
324
|
|
117
|
|
703
|
|
97
|
|
|
Add: Tax effects on
fair value changes of equity securities
investments and exchangeable senior notes
|
|
92
|
|
(40)
|
|
(45)
|
|
(6)
|
|
37
|
|
(85)
|
|
(12)
|
|
|
Non-GAAP net (loss)/income attributable to Trip.com
Group
Limited
|
|
(203)
|
|
2,065
|
|
3,434
|
|
475
|
|
(239)
|
|
5,499
|
|
758
|
|
|
Weighted average
ordinary shares outstanding-
Diluted-non GAAP
|
|
647,866,001
|
|
672,743,729
|
|
672,031,445
|
|
672,031,445
|
|
647,843,829
|
|
670,838,392
|
|
670,838,392
|
|
|
Non-GAAP Diluted
(losses)/income per share
|
|
(0.31)
|
|
3.07
|
|
5.11
|
|
0.70
|
|
(0.37)
|
|
8.20
|
|
1.13
|
|
|
Non-GAAP Diluted
(losses)/income per ADS
|
|
(0.31)
|
|
3.07
|
|
5.11
|
|
0.70
|
|
(0.37)
|
|
8.20
|
|
1.13
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes for all the
condensed consolidated financial schedules presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note 1: The conversion
of Renminbi (RMB) into U.S. dollars (USD) is based on the certified
exchange rate of USD1.00=RMB7.2513 on June 30, 2023 published by
the Federal Reserve Board.
|
View original
content:https://www.prnewswire.com/news-releases/tripcom-group-limited-reports-unaudited-second-quarter-and-first-half-of-2023-financial-results-301916812.html
SOURCE Trip.com Group Limited