Trip.com Group (NASDAQ:TCOM) Full Year 2023 Results

Key Financial Results

• Revenue: CN￥44.5b (up 122% from FY 2022).

• Net income: CN￥9.92b (up by CN￥8.52b from FY 2022).

• Profit margin: 22% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue.

• EPS: CN￥15.19 (up from CN￥2.16 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Trip.com Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 3.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Trip.com Group's balance sheet health.

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