Flash ReportCtrip (CTRP) 2Q16 RESULTS: EARNINGS BEAT DUE TO MARKETING COST SAVINGS AND STRONG CHINESE TRAVEL DEMAND Coresight Research September 2, 2016 Executive Summary Ctrip, China’s leading online travel agent, reported in-line 2Q16 revenues of ¥4.41 billion, up 75% year over year. Non-GAAP net profit of ¥0.06 billion beat the consensus estimate of a loss of ¥0.04 billion, but was down 81% year over year due to the consolidation of Qunar. Management guided for net revenue growth of approximately 70–75% year over year for the third quarter of 2016. Chinese outbound travel to Europe weakened due to the events in Istanbul and Nice, but this was partially offset by strong demand for outbound travel to North America. China’s online travel industry is increasingly concentrated and has been shifting to mobile. More than 70% of Ctrip’s orders are generated from the mobile platform. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Innovator Profile: Novel—Driving Conversion and Boosting Loyalty with Branded Wallet PassesAnalyst Corner: US Seasonal Shopping in the Holiday Quarter, with Aditya KaushikMixed Signals—Economic Optimism Continues But Consumers Feel the Strain on Personal Finances: China Consumer Survey InsightsFinancial Confidence Improves: Weekly US Consumer Sentiment, Week 25, 2025—Infographic
