Trip.com Group Posts RMB 2.4 Billion Q2 Net Loss as Inbound Travel Grows
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The antitrust penalty is a one-time financial hit, but 11% growth in corporate travel management revenue and high double-digit inbound growth show resilience in business travel and inbound demand, relevant to corporate travel buyers.
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- Pinchain TourismTrip.com Group Posts RMB 2.4 Billion Q2 Net Loss as Inbound Travel Grows
Trip.com Group reported second-quarter 2026 net revenue of RMB 15.7 billion, up 6% year-on-year, with adjusted EBITDA of RMB 4.6 billion, down from RMB 4.9 billion a year earlier. A roughly RMB 5.2 billion one-time antitrust charge from the State Administration for Market Regulation led to a net loss of RMB 2.4 billion; excluding the penalty, net profit was RMB 2.7 billion. By segment, accommodation booking revenue was RMB 6.6 billion, up 6%; transportation ticketing revenue was RMB 5.4 billion, down 1%; packaged tours revenue was RMB 1.2 billion, up 8%; and corporate travel management revenue was RMB 771 million, up 11%. Inbound travel revenue continued high double-digit year-on-year growt…