Trip.com Group Limited (TCOM) shares are soaring 8.49% in pre-market trading on Thursday, following the company's announcement of better-than-expected second-quarter 2025 financial results and a new $5 billion share repurchase program. The Chinese online travel giant's strong performance has impressed investors and analysts alike, driving the stock to its highest level in over six months.
Trip.com reported a 16% year-over-year increase in net revenue to RMB 14.8 billion (US$2.07 billion), surpassing analyst estimates. The company's net profit jumped 26.43% to RMB 4.846 billion (US$676 million) compared to the same period last year. Adjusted earnings per ADS came in at RMB 7.20 (US$1.01), significantly beating the consensus forecast of RMB 6.13. The robust results were attributed to resilient travel demand, particularly during holiday periods, and strong performance in both domestic and international markets.
Adding to investor optimism, Trip.com's board of directors authorized a new share repurchase program of up to $5 billion, signaling confidence in the company's future prospects and commitment to delivering shareholder value. Analysts from Citi noted that the scale of the buyback program may exceed some investors' expectations. The company's international business saw exceptional growth, with overall reservations on its international OTA platform increasing by over 60% year-over-year, while inbound travel bookings surged by more than 100%. These positive factors have contributed to the stock's impressive pre-market rally, positioning Trip.com Group as a standout performer in the travel industry.
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