Q: What is Trip.com Group Limited(TCOM) 2024Q4 Earnings Summary?
**Bullish Points:**
1. Net revenues increased by 20% to RMB53.3 billion (US$7.3 billion) in 2024.
2. Net income surged by 72% to RMB17.2 billion (US$2.4 billion) in 2024.
3. Accommodation reservation revenue rose by 25% to RMB21.6 billion (US$3.0 billion).
4. Transportation ticketing revenue grew by 10% to RMB20.3 billion (US$2.8 billion).
5. Packaged tours revenue increased by 38% to RMB4.3 billion (US$594 million).
6. Corporate travel revenue increased by 11% to RMB2.5 billion (US$343 million).
7. Other revenues increased to RMB4.6 billion (US$634 million).
8. Interest expense decreased by 16% to RMB1.7 billion (US$238 million).
9. Other income was RMB2.2 billion (US$304 million) compared to other expense of RMB667 million in 2023.
10. Equity in income of affiliates increased to RMB2.8 billion (US$387 million).
11. Cash and cash equivalents increased to RMB48.4 billion (US$6.6 billion).
12. Total assets increased to RMB242.6 billion (US$33.2 billion).
13. The Company adopted a regular capital return policy, including share repurchases and cash dividends.
14. The Company purchased 6.0 million ADSs for US$300 million in 2024.
15. Equity investments increased to RMB35,800 million.
16. Short-term debt and current portion of long-term debt decreased to RMB19,433 million.
17. Long-term loans from commercial banks decreased to RMB8,730 million.
18. Basic earnings per ordinary share increased to RMB26.10.
19. Diluted earnings per ordinary share increased to RMB24.78.
**Bearish Points:**
1. Cost of revenues increased by 23% to RMB10.0 billion (US$1.4 billion).
2. Operating expenses increased by 16% to RMB29.1 billion (US$4.0 billion).
3. Income tax expense increased to RMB2.6 billion (US$357 million).
4. No dividends were paid or declared during the years ended December 31, 2022, 2023, and 2024.
5. Restricted net assets of the Company’s PRC subsidiaries and VIEs not distributable in the form of dividends were RMB8.8 billion.
6. Depreciation expense increased to RMB655 million.
7. Debt investments decreased to RMB11,394 million.
8. Long-term prepayments and other assets decreased to RMB454 million.
**Summary:**
Trip.com Group Limited (TCOM) has shown significant growth in revenues and net income, with substantial increases in various revenue streams such as accommodation reservations, transportation ticketing, and packaged tours. The company has also managed to reduce its interest expenses and increase its cash and cash equivalents. However, the increase in cost of revenues and operating expenses, along with higher income tax expenses, are points of concern. Additionally, the company has not declared any dividends, and there are significant restricted net assets. Despite these challenges, the overall financial performance and strategic initiatives like share repurchases indicate a positive outlook for the company.
For more information, you can read the original text of Trip.com Group Limited's financial report.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
