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Ctrip (CTRP) 3Q16 RESULTS: EARNINGS BEAT ON IMPROVED OPERATING EFFICIENCY; ANNOUNCES SKYSCANNER ACQUISITION

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Coresight Research

Key Points

  • Ctrip, China’s leading online travel agent, reported strong 3Q16 revenues of ¥5.6 billion, up 75.1% year over year. Non-GAAP net profit of ¥0.58 billion beat the consensus estimate of ¥0.34 billion, but was down 77.2% year over year.
  • Management guided for net revenue growth of approximately 70-75% year over year for 4Q16.
  • The company plans to expand further overseas and develop a comprehensive global travel ecosystem to better serve existing and potential customers.
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