Tongcheng Travel (00780) rose 7.35% after the results and now reports HK$19, with a turnover of HK$49.5936 million.
Tongcheng Travel announced its results for the third quarter of 2024. The transaction volume increased 2.4% year over year to 72.8 billion yuan; revenue was about 4.9915 billion yuan, an increase of 51.3% year on year. Profit during the period increased 55.8% year over year to about 0.803 billion yuan, adjusted EBITDA increased 51.6% year over year to 1.3188 billion yuan, and adjusted net profit increased 46.6% year over year to 0.91 billion yuan. Average monthly paying users increased 5.0% year over year to 46.4 million, and annual paid users increased 3.4% year over year to 0.2324 billion.
