Earnings Growth OutlookAnalyst reiterates a positive view on Tongcheng Travel given its robust earnings growth outlook.
Financial PerformanceTongcheng Travel reported 4Q24 results with total revenue up 35% YoY, 5% better than Bloomberg consensus estimates, due to strong performance in accommodation reservation and Tourism business.
Operating EfficiencyThe operating profit margin of the core OTA business expanded significantly to 29.2%, indicating improved operational efficiency.
Revenue GrowthTongcheng Travel's core OTA business revenue growth was slightly ahead of consensus, driven by better-than-expected revenue growth in transportation ticketing business and Others.