TONGCHENGTRAVEL: ANNOUNCEMENT OF THE RESULTSFOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025

Tongcheng Travel delivered a robust performance in the third quarter of 2025, with total revenue increasing by 10.4% year-over-year to RMB 5.51 billion and adjusted net profit rising by 16.5% year-over-year to RMB 1.06 billion. The average monthly paying users reached 47.7 million during the period, up 2.8% year-over-year to a new historical high, while annual paying users grew by 8.8% year-over-year to 252.9 million. The adjusted EBITDA margin improved from 26.4% in the same period last year to 27.4%, and the adjusted net profit margin also increased from 18.2% to 19.2%.The core online travel platform business demonstrated strong performance, with revenue growing by 14.9% year-over-year to RMB 4.61 billion. Revenue from accommodation reservation services rose by 14.7% year-over-year to RMB 1.58 billion, and...Show More

Tongcheng Travel delivered a robust performance in the third quarter of 2025, with total revenue increasing by 10.4% year-over-year to RMB 5.51 billion and adjusted net profit rising by 16.5% year-over-year to RMB 1.06 billion. The average monthly paying users reached 47.7 million during the period, up 2.8% year-over-year to a new historical high, while annual paying users grew by 8.8% year-over-year to 252.9 million. The adjusted EBITDA margin improved from 26.4% in the same period last year to 27.4%, and the adjusted net profit margin also increased from 18.2% to 19.2%.The core online travel platform business demonstrated strong performance, with revenue growing by 14.9% year-over-year to RMB 4.61 billion. Revenue from accommodation reservation services rose by 14.7% year-over-year to RMB 1.58 billion, and transportation ticketing service revenue increased by 9.0% year-over-year to RMB 2.21 billion. The company continued to strengthen user engagement, with registered users from non-first-tier cities accounting for over 87% as of the end of September 2025. Additionally, more than 70% of new paying users on the WeChat platform came from non-first-tier cities.Looking ahead, the company will continue to focus on its core online travel platform business while intensifying efforts to expand outbound travel services to enhance its global market presence. Following the strategic integration with Wanda Hotel Management (Hong Kong) Limited, the hotel management business is expected to accelerate its expansion, laying the foundation for a second growth engine. The company will continue to seek strategic investment opportunities aligned with its long-term goals to drive sustainable growth.