Trip.com Group Ltd (NASDAQ:TCOM) stock fell 6.14% (As on May 20, 11:23:15 AM UTC-4, Source: Google Finance) after the company’s attributable net income slipped to 4.28 billion yuan in the first quarter from 4.31 billion yuan in the year-ago period. The largest online travel service in China has posted better-than-expected results on booming demand for foreign trips. Adjusted EBITDA for the first quarter of 2025 was RMB4.2 billion (US$586 million), compared to RMB4.0 billion for the same period in 2024 and RMB3.0 billion for the previous quarter. As of March 31, 2025, the balance of cash and cash equivalents, restricted cash, short-term investment, and held to maturity time deposit and financial products was RMB92.9 billion (US$12.8 billion).

Moreover, Accommodation reservation revenue for the first quarter of 2025 was RMB5.5 billion (US$764 million), representing a 23% increase from the same period in 2024, primarily driven by an increase in accommodation reservations. Transportation ticketing revenue for the first quarter of 2025 was RMB5.4 billion (US$747 million), representing an 8% increase from the same period in 2024, primarily driven by an increase in transportation reservations. Packaged-tour revenue for the first quarter of 2025 was RMB947 million (US$131 million), representing a 7% increase from the same period in 2024, primarily driven by an increase in packaged-tour reservations. Corporate travel revenue for the first quarter of 2025 was RMB573 million (US$79 million), representing a 12% increase from the same period in 2024, primarily driven by an increase in corporate travel reservations.

TCOM in the first quarter of FY25 has reported the adjusted earnings per share of 6.09 yuan from 6.38 yuan in the prior-year period, beating the analysts’ estimates for the adjusted earnings per share of 5.47 yuan. The company had reported the adjusted revenue growth of 16 percent to 13.85 billion yuan in the first quarter of FY25, beating the analysts’ estimates for revenue of 13.81 billion yuan, as per Visible Alpha analysts. Net revenue for the first quarter of 2025 increased by 9% from the previous quarter, primarily due to seasonality. Cost of revenue for the first quarter of 2025 increased by 21% to RMB2.7 billion (US$373 million) from the same period in 2024 and increased by 2% from the previous quarter.

Additionally, as of May 16, 2025, U.S. Eastern Time, the Company had repurchased 1.6 million ADSs in aggregate with a total gross consideration of US$84 million pursuant to its existing share repurchase plan.