Tongcheng Travel Posts Continued Growth and Increased Profitability in 2024 Q3 [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: Yahoo! Finance
HONG KONG Nov. 19, 2024 /PRNewswire/ -- Tongcheng Travel Holdings Limited ("Tongcheng Travel" or the "Company", together with its subsidiaries the "Group", stock code: 0780.HK), a leading comprehensive travel platform in China , today announced its unaudited consolidated results for the three months ended 30 September 2024 (2024 Q3). Q3 Highlights with Year-on-year ("YoY") Comparison Quarterly Revenue and Adjusted Net Profit Reach Record Highs • Revenue increased by 51.3% to RMB4,991.5 million • Adjusted EBITDA increased by 51.6% to RMB1,318.8 million; adjusted EBITDA margin stood at 26.4% • Adjusted net profit for the period increased by 46.6% to RMB910.0 million, equivalent to an adjusted net margin of 18.2% • GMV increased by 2.4% to RMB72.8 billion Strong User Base with Increased Purchase Frequency • Annual paying users ("APUs") increased by 3.4% to 232.4 million* • Accumulated number of travelers served increased by 19.9% to 1,882.5 million*, reflecting a robus
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