Net income for the third quarter of 2023 was RMB4.6 billion (US$637 million), compared to
RMB245 million for the same period in 2022 and RMB648 million for the previous quarter. Adjusted EBITDA for the third quarter of 2023 was RMB4.6 billion (US$634 million), compared to RMB1.4 billion for the same period in 2022 and
RMB3.7 billion for the previous quarter. Adjusted EBITDA margin was 34% for the third quarter of 2023, compared to 21% for the same period in 2022 and 33% for the previous quarter.
Net income attributable to Trip.com Groups shareholders for the third quarter of 2023 was RMB4.6 billion (US$634 million), compared to
RMB266 million for the same period in 2022 and RMB631 million 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 Groups shareholders for the third quarter of 2023 was RMB4.9 billion (US$673 million), compared to
RMB1.0 billion for the same period in 2022 and RMB3.4 billion for the previous quarter.
Diluted earnings per ordinary share and per ADS was
RMB6.84 (US$0.94) for the third 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 RMB7.26 (US$1.00) for the third quarter of 2023. Each ADS currently represents one ordinary share of the Company.
As of September 30, 2023, the balance of cash and cash equivalents, restricted cash, short-term investment, and held to maturity time deposit and financial
products was RMB79.0 billion (US$10.8 billion).
Recent Development
From September 2023 to the date of this press release, the Company purchased 3.6 million ADSs in aggregate with a total gross consideration of
US$120 million pursuant to its existing share repurchase plan.
The board of directors has recently approved a regular capital return policy to
benefit the Companys shareholders and ADS holders in the form of discretionary annual share repurchases, discretionary annual cash dividend declarations, or a combination thereof, commencing from the year of 2024. Under the policy, the board
of directors reserves the discretion relating to the determination of the form, timing, and amount of the capital return measures in any particular year, depending on the Companys financial condition, results of operations, cash flow, capital
requirements, and other relevant factors.
Conference Call
Trip.com Groups management team will host a conference call at 7:00 PM EST on November 20, 2023 (or 8:00 AM CST on November 21, 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/BI570196cd01794d8298b96e3dd8d9fd65