Tongcheng Travel Q2 financial report: revenue reached 2.87 billion yuan, soaring 117.4% year-on-year

According to news from this site on August 22, Tongcheng Travel released its performance report for the second quarter and first half of 2023. The financial report shows that in the second quarter of 2023, Tongcheng’s travel revenue reached 2.87 billion yuan, a year-on-year increase of 117.4%; adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was 810 million yuan, a year-on-year increase of 175.8%; The adjusted net profit was 590 million yuan, a year-on-year increase of 428.9%; the adjusted net profit margin increased from 8.5% in the same period in 2022 to 20.7%.

This site learned from the report that the average same-trip trip in the second quarter Monthly active users reached 280 million, a year-on-year increase of 53.5%; average monthly paying users were 42.2 million, a year-on-year increase of 52.3%;

In terms of accommodation, the revenue of Tongcheng travel accommodation industry was 1.06 billion yuan. It increased by 94.2% year-on-year and 90.7% compared with the same period in 2019. The number of domestic hotel room nights increased by more than 130% compared with the same period in 2019.

In terms of transportation, transportation revenue from same-trip travel reached 1.49 billion yuan, a year-on-year increase of 141.2% and an increase of 59.5% compared with the same period in 2019. Among them, the sales volume of domestic air tickets increased by 40% compared with the same period in 2019. Revenue from other businesses of Tongcheng Travel reached 320 million yuan last year, a year-on-year increase of 103.3%. The proportion of total revenue also increased from 6.3% in the same period in 2019 to 11%

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