Ctrip Group’s third quarter revenue achieved a year-on-year growth of 99%, reaching 13.75 billion yuan

Ctrip Group released the unaudited financial performance announcement for the third quarter as of September 30, 2023 on this site

The financial report showed that Ctrip Group’s revenue in the third quarter was 13.75 billion yuan, analysts It is expected to be 13.71 billion yuan, compared with 6.90 billion yuan in the same period last year, a year-on-year increase of 99%.

Ctrip’s net profit in the third quarter was 4.6 billion yuan, an increase of 245 million yuan compared with the same period in 2022. Adjusted EBITDA in the third quarter was 4.6 billion yuan, and the adjusted EBITDA margin was 34%, an increase of 13 percentage points compared with the same period, and 33% in the previous quarter

# In the third quarter, Ctrip’s accommodation booking revenue was 5.6 billion yuan, a year-on-year increase of 92%; transportation ticketing revenue was 5.4 billion yuan, a year-on-year increase of 105%; tourism and vacation business revenue was 1.3 billion yuan, a year-on-year increase of 243%; business travel management Business revenue was NT$591 million, a year-on-year increase of 60%.

This site noticed that Ctrip’s product research and development expenses in the third quarter of 2023 were 3.6 billion yuan, a year-on-year increase of 44% and a month-on-month increase of 21%. This was primarily due to an increase in expenses related to product research and development personnel. Product research and development expenses in the third quarter of 2023 accounted for 26% of net operating income

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