Trip.com Q1 Profit Drops, Q2 Revenue Growth Guided to Just 3–8%
Trip.com reported a decline in first-quarter profit and followed it with muted forward guidance, projecting second-quarter net revenue growth of only 3% to 8%. The announcement triggered an immediate sell-off in shares. As a longer-term offset, management unveiled an ambition to serve 200 million inbound travelers over the next five years.
The 3–8% Q2 revenue growth guide is a meaningful deceleration for a company that has been riding the post-pandemic travel recovery — investors paying a growth premium will reassess quickly. The share price reaction confirms the market expected more. The 5-year inbound travel target is strategically interesting but too distant to cushion near-term multiple compression.
Trip.com Q2 2025 earnings release (expected late August). China outbound and inbound tourism data from China's National Immigration Administration (monthly, next release ~early July).
- Trip.com shares slide on weak Q1 profit, lower revenue guidance · Investing.com
- Trip.com targets serving 200M inbound travelers over 5 years while expecting Q2 net revenue growth of 3% to 8% · Seeking Alpha
- Trip.com faces revenue slowdown and significant antitrust fine warning · SCMP Business
- Mizuho lowers Trip.com stock price target on demand headwinds · Investing.com
- Trip.com sees decelerating sales growth in Q2, faces probe by Chinese regulators · Seeking Alpha
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