The stock hit 320.40 Hong Kong dollars—approximately US$40.86—marking its lowest valuation since August 2024. While the firm’s inbound travel division and international operations drove top-line growth, the bottom line suffered from diminished other income, leading to an earnings miss against analyst estimates.

Management projects revenue growth of just 3% to 8% for the coming quarter, a figure that falls well short of the 14% expansion anticipated by the market. DBS Group Research analysts noted that this guidance will likely pressure margins, though they maintain a buy rating on the stock. Trip.com remains entangled in a broader regulatory investigation regarding China’s anti-monopoly laws, a factor that has already contributed to a 42% decline in share price year-to-date.